RC Smith Holdings Limited - Limited company - abbreviated - 11.6

RC Smith Holdings Limited - Limited company - abbreviated - 11.6

RC SMITH HOLDINGS LIMITED - Company Information

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REGISTERED NUMBER: SC312881 (Scotland)













ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 JANUARY 2015

FOR

RC SMITH HOLDINGS LIMITED

RC SMITH HOLDINGS LIMITED (REGISTERED NUMBER: SC312881)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JANUARY 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

RC SMITH HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2015







DIRECTORS: K Wilson
Mrs S E Wilson





SECRETARY: Mrs S E Wilson





REGISTERED OFFICE: 6th Floor, Gordon Chambers
90 Mitchell Street
Glasgow
G1 3NQ





REGISTERED NUMBER: SC312881 (Scotland)





ACCOUNTANTS: Henderson Loggie
90 Mitchell Street
Glasgow
Lanarkshire
G1 3NQ
Page 1
RC SMITH HOLDINGS LIMITED (REGISTERED NUMBER: SC312881)

ABBREVIATED BALANCE SHEET
31 JANUARY 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Investments 2 885,000 885,000

CREDITORS
Amounts falling due within one year 3 73,939 73,926
NET CURRENT LIABILITIES (73,939 ) (73,926 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
811,061
811,074

CREDITORS
Amounts falling due after more than one
year
3
335,488
403,813
NET ASSETS 475,573 407,261

CAPITAL AND RESERVES
Called up share capital 4 1,650 1,650
Profit and loss account 473,923 405,611
SHAREHOLDERS' FUNDS 475,573 407,261

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2015 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 22 April 2015 and were signed on its behalf by:





K Wilson - Director


The notes form part of these abbreviated accounts

Page 2
RC SMITH HOLDINGS LIMITED (REGISTERED NUMBER: SC312881)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JANUARY 2015

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).

Deferred tax
The tax expense represents the sum of the corporation tax and deferred tax charge for the year.

The tax currently payable is based on taxable profit for the year. The company's liability for current tax is
calculated using the tax rates that have been enacted or substantively enacted by the balance sheet date.

Deferred tax is measured on differences between the carrying amounts of assets and liabilities in the accounts
and the corresponding tax bases, as used in the computation of taxable profit. Deferred tax liabilities are
generally recognised for all temporary timing differences that have originated but not reversed by the balance
sheet date and are not recognised as permanent differences. Deferred tax assets are recognised to the extent that
it is probable that taxable profits will be available in the future. Deferred tax is calculated at the average tax
rates that are expected to apply in the periods in which the timing differences are expected to reverse, based on
tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred tax is
charged or credited in the profit and loss account, except when it relates to items charged or credited directly to
equity, in which case the deferred tax is also dealt with in equity.

2. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST
At 1 February 2014
and 31 January 2015 885,000
NET BOOK VALUE
At 31 January 2015 885,000
At 31 January 2014 885,000

The company's investments at the Balance Sheet date in the share capital of companies include the following:

RC Smith & Company Ltd
Country of incorporation: Scotland
Nature of business: Retail outlet
%
Class of shares: holding
Ordinary 100.00
2015 2014
£    £   
Aggregate capital and reserves 586,164 536,117
Profit for the year 184,928 196,033

3. CREDITORS

Creditors include an amount of £ 82,579 (2014 - £ 107,704 ) for which security has been given.

Page 3 continued...
RC SMITH HOLDINGS LIMITED (REGISTERED NUMBER: SC312881)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 JANUARY 2015

3. CREDITORS - continued

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

2015 2014
£    £   
Repayable by instalments 110,000 153,200

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
1,650 Ordinary £1 1,650 1,650

5. RELATED PARTY

During the year the company received £74,881 (2014 : £75,097) from RC Smith & Company Ltd, a 100%
owned subsidiary company.

Page 4