Dunlops Motor Factors (Highland) Ltd - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: SC216519 (Scotland)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 JULY 2014

FOR

DUNLOPS MOTOR FACTORS (HIGHLAND) LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

A L Dunlop

SECRETARY:

Mrs S Dunlop

REGISTERED OFFICE:

Greshop Road

Greshop Industrial Estate

Forres

Highland

IV36 2GW

REGISTERED NUMBER:

SC216519 (Scotland)

ACCOUNTANTS:

Goldwells Ltd

Unit 10B

Balmakeith Industrial Estate

Nairn

Highland

IV12 5QW

FIXED ASSETS

Tangible assets

2

142,211

150,707

CURRENT ASSETS

Stocks

91,267

97,433

Debtors

11,933

13,319

103,200

110,752

CREDITORS

Amounts falling due within one year

69,717

75,064

NET CURRENT ASSETS

33,483

35,688

TOTAL ASSETS LESS CURRENT LIABILITIES

175,694

186,395

CREDITORS

Amounts falling due after more than one year

3

58,048

70,641

NET ASSETS

117,646

115,754

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

117,546

115,654

SHAREHOLDERS' FUNDS

117,646

115,754

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 18 August 2014 and were signed by:

A L Dunlop - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost

convention and in accordance with the Financial Reporting Standard for

Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after

making due allowance for obsolete and slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have

originated but not reversed at the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2013

and 31 July 2014

180,237

DEPRECIATION

At 1 August 2013

29,530

Charge for year

8,496

At 31 July 2014

38,026

NET BOOK VALUE

At 31 July 2014

142,211

At 31 July 2013

150,707

3.

CREDITORS

Creditors include the following debts falling due in more than five years:

2014

2013

£

£

Repayable by instalments

54,166

63,176

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

ordinary

£1

100

100