Abbreviated Company Accounts - SCOTTY'S TOOLING LIMITED
Abbreviated Company Accounts - SCOTTY'S TOOLING LIMITED
Registered Number 04525723
SCOTTY'S TOOLING LIMITED
Abbreviated Accounts
31 March 2014
SCOTTY'S TOOLING LIMITED Registered Number 04525723
Abbreviated Balance Sheet as at 31 March 2014
Notes | 2014 | 2013 | |
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£ | £ | ||
Current assets | |||
Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
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Net current assets (liabilities) |
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Total assets less current liabilities |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital | 2 |
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Profit and loss account |
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Shareholders' funds |
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For the year ending 31 March 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the Board on
And signed on their behalf by:
SCOTTY'S TOOLING LIMITED Registered Number 04525723
Notes to the Abbreviated Accounts for the period ended 31 March 2014
1Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
customers and work carried out in respect of services provided to customers.
Tangible assets depreciation policy
estimated useful lives.
Plant and machinery 10% straight line
Computer equipment 33% straight line
Other accounting policies
The director believe the company to be a going concern and will continue to give his support to the
company over the next 12 months.
Stocks
Stock is valued at the lower of cost and net realisable value.
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the
recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred
taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the
periods when the timing differences will reverse.