Simpson Inspection Services Ltd. - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: SC213340 (Scotland)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30TH NOVEMBER 2013

FOR

SIMPSON INSPECTION SERVICES LTD.

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr T Simpson

SECRETARY:

J A Simpson

REGISTERED OFFICE:

20 Anderson Street

Airdrie

Lanarkshire

ML6 9NA

REGISTERED NUMBER:

SC213340 (Scotland)

ACCOUNTANTS:

Benson Wood & Co.

20 Anderson Street

Airdrie

Lanarkshire

ML6 0AA

BANKERS:

Lloyds TSB

12 Sydenham Road

London

SE26 5QD

FIXED ASSETS

Tangible assets

2

3,231

3,880

Investments

3

12,569

10,606

15,800

14,486

CURRENT ASSETS

Debtors

-

1,238

Cash at bank

178,206

153,887

178,206

155,125

CREDITORS

Amounts falling due within one year

16,002

18,387

NET CURRENT ASSETS

162,204

136,738

TOTAL ASSETS LESS CURRENT LIABILITIES

178,004

151,224

CAPITAL AND RESERVES

Called up share capital

4

2

2

Revaluation reserve

4,136

2,173

Profit and loss account

173,866

149,049

SHAREHOLDERS' FUNDS

178,004

151,224

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2013 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 5th August 2014 and were signed by:

Mr T Simpson - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation

of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April

2008).

Turnover

Turnover represents net invoiced sales of services, 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.

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

Fixed asset investments

Fixed asset investments are stated at the open market value.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st December 2012

13,264

Additions

428

At 30th November 2013

13,692

DEPRECIATION

At 1st December 2012

9,384

Charge for year

1,077

At 30th November 2013

10,461

NET BOOK VALUE

At 30th November 2013

3,231

At 30th November 2012

3,880

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST OR VALUATION

At 1st December 2012

10,606

Revaluations

1,963

At 30th November 2013

12,569

NET BOOK VALUE

At 30th November 2013

12,569

At 30th November 2012

10,606

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

£

2

Ordinary

£1

2

2