Scaffold Orkney Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: SC427641 (Scotland)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2015

for

Scaffold Orkney Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

G D Summers

D S Summers

REGISTERED OFFICE:

Gairth

Corston

Harray

Orkney

KW17 2LQ

REGISTERED NUMBER:

SC427641 (Scotland)

ACCOUNTANTS:

Orcadia

Chartered Accountants

1 - 3 East Road

Kirkwall

Orkney

KW15 1HZ

BANKERS:

Bank of Scotland

56 Albert Street

Kirkwall

Orkney

KW15 1HJ

FIXED ASSETS

156,112

Tangible assets

2

196,052

CURRENT ASSETS

30,472

Debtors

44,724

CREDITORS

141,800

Amounts falling due within one year

3

169,490

(111,328

)

NET CURRENT LIABILITIES

(124,766

)

44,784

TOTAL ASSETS LESS CURRENT LIABILITIES

71,286

CREDITORS

(33,584

)

Amounts falling due after more than one year

3

(20,667

)

(7,475

)

ACCRUALS AND DEFERRED INCOME

(5,606

)

3,725

NET ASSETS

45,013

CAPITAL AND RESERVES

100

Called up share capital

4

100

3,625

Profit and loss account

44,913

3,725

SHAREHOLDERS' FUNDS

45,013

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 9 June 2015 and were signed on its behalf by:

G D Summers - 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, except in respect of

service contracts where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets

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

Land and buildings

-

not provided

Plant and machinery etc

-

25% on reducing balance

Land and Buildings are not depreciated, as properties are maintained to ensure that their value does

not diminish over time.

Government grants

Government grants received are treated as deferred credits and credited to the profit and loss account

over the estimated useful life of the relevant fixed assets. Other grants of a revenue nature are credited

to the profit and loss account in the year to which they relate.

Hire purchase and leasing commitments

Assets obtained under finance leases and hire purchase contracts are capitalised in the balance sheet

and are depreciated over their useful lives. The interest element of the rental obligations are charged

to profit and loss account over the period of the lease and represents a constant proportion of the

balance of capital repayments outstanding.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

205,664

Additions

74,414

Disposals

(1,523

)

At 31 March 2015

278,555

DEPRECIATION

At 1 April 2014

49,552

Charge for year

33,522

Eliminated on disposal

(571

)

At 31 March 2015

82,503

NET BOOK VALUE

At 31 March 2015

196,052

At 31 March 2014

156,112

3.

CREDITORS

Creditors include an amount of £ 83,792 (2014 - £ 84,170 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

1

100

100