Dowanhill Trading Company Limited - Limited company - abbreviated

REGISTERED NUMBER: SC166938

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 5 APRIL 2015

FOR

DOWANHILL TRADING COMPANY LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

H Ferguson

SECRETARY:

J Ferguson

REGISTERED OFFICE:

Kirklea

Shore Road

Cove

G84 0LX

REGISTERED NUMBER:

SC166938

ACCOUNTANTS:

McDaid & Partners

Stanley House

69/71 Hamilton Road

Motherwell

Lanarkshire

ML1 3DG

FIXED ASSETS

Tangible assets

2

1,547,754

1,566,540

CURRENT ASSETS

Debtors

14,908

65,371

Cash at bank

10,824

4,689

25,732

70,060

CREDITORS

Amounts falling due within one year

3

164,043

188,781

NET CURRENT LIABILITIES

(138,311

)

(118,721

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,409,443

1,447,819

CREDITORS

Amounts falling due after more than one
year

3

(964,372

)

(1,070,586

)

PROVISIONS FOR LIABILITIES

(4,368

)

-

NET ASSETS

440,703

377,233

CAPITAL AND RESERVES

Called up share capital

4

2

Profit and loss account

440,701

377,231

SHAREHOLDERS' FUNDS

440,703

377,233

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2015 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 21 May 2015 and were signed by:

H Ferguson - 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 is including VAT. Turnover represents the value of services from the rental of property provided under

contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.

Tangible fixed assets

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

Freehold property

-

not provided

Property improvements

-

10% on cost

Fixtures & fittings

-

15% on reducing balance

Computer equipment

-

33.33% on cost

Deferred tax

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

sheet date.Deferred tax is not recognised when assets are revalued unless,by the balance sheet date,the company

has entered into a binding agreement to sell the assets and recognised the gains and losses expected to arise on

sale or where assets have been sold and it is expected that the taxable gain will be rolled over into a replacement

asset.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 6 April 2014

and 5 April 2015

1,758,589

DEPRECIATION

At 6 April 2014

192,049

Charge for year

18,786

At 5 April 2015

210,835

NET BOOK VALUE

At 5 April 2015

1,547,754

At 5 April 2014

1,566,540

3.

CREDITORS

Creditors include an amount of £ 831,814 (5.4.14 - £ 940,303 ) for which security has been given.

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

5.4.15

5.4.14

£

Repayable by instalments

680,711

757,164

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

5.4.15

5.4.14

value:

£

2

Ordinary

£1

2

5.	RELATED PARTY DISCLOSURES

Harvey Ferguson is a director and shareholder of the company. Included within other creditors is a loan due

from the company of £40,891(2014 £55,641).

Harvey Ferguson is also a director and shareholder of Majestic Laundries Limited. Included within other

debtors is a loan to Majestic Laundries Limited of £12,629 (2014 £65,371).

Included within other creditors is a loan due to WJ Ferguson of £225,000 (2014 £225,000), who is the father of

Harvey Ferguson. No capital has been repaid in the year.

6.	ULTIMATE CONTROLLING PARTY

The company was under the control of Harvey Ferguson throughout the year.

Dowanhill Trading Company Limited - Limited company - abbreviated - 11.6

Dowanhill Trading Company Limited - Limited company - abbreviated - 11.6