A D Munro (Harris) Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: SC344202 (Scotland)

A D MUNRO (HARRIS) LTD

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

A D Munro

H Murray

Mrs V A Murray

Mrs M E Smith

Mrs J M Macaskill

SECRETARY:

A D Munro

REGISTERED OFFICE:

26 Lewis Street

Stornway

Isle of Lewis

HS1 2JF

REGISTERED NUMBER:

SC344202 (Scotland)

ACCOUNTANTS:

Mann Judd Gordon Ltd

Chartered Accountants

26 Lewis Street

Stornoway

Isle of Lewis

HS1 2JF

FIXED ASSETS

Intangible assets

2

6,000

7,500

Tangible assets

3

11,720

12,263

17,720

19,763

CURRENT ASSETS

Stocks

75,000

97,500

Debtors

28,545

24,268

Cash at bank and in hand

25,346

21,292

128,891

143,060

CREDITORS

Amounts falling due within one year

114,500

162,406

NET CURRENT ASSETS/(LIABILITIES)

14,391

(19,346

)

TOTAL ASSETS LESS CURRENT LIABILITIES

32,111

417

PROVISIONS FOR LIABILITIES

2,344

2,823

NET ASSETS/(LIABILITIES)

29,767

(2,406

)

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

29,667

(2,506

)

SHAREHOLDERS' FUNDS

29,767

(2,406

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 30 March 2015 and were signed on its behalf by:

Mrs V A Murray - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten years.

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

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2013

and 30 June 2014

15,000

AMORTISATION

At 1 July 2013

7,500

Amortisation for year

1,500

At 30 June 2014

9,000

NET BOOK VALUE

At 30 June 2014

6,000

At 30 June 2013

7,500

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2013

43,298

Additions

4,050

At 30 June 2014

47,348

DEPRECIATION

At 1 July 2013

31,035

Charge for year

4,593

At 30 June 2014

35,628

NET BOOK VALUE

At 30 June 2014

11,720

At 30 June 2013

12,263

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.14

30.6.13

value:

£

£

100

Ordinary

£1

100

100

5.	ULTIMATE CONTROLLING PARTY

Their is no ultimate controlling party.