Eden Fyfe Accounts Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: SC327519

Abbreviated Unaudited Accounts for the Year Ended 31 October 2014

for

Eden Fyfe Accounts Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mrs C Convy

Mrs L Bray

Mrs M Callander

J Convy

REGISTERED OFFICE:

H5 Newark Business Park

Newark Road South

Glenrothes

Fife

KY7 4NS

REGISTERED NUMBER:

SC327519

FIXED ASSETS

Intangible assets

2

16,959

19,078

Tangible assets

3

91,445

97,408

108,404

116,486

CURRENT ASSETS

Work in progress

24,685

27,695

Debtors

68,613

72,603

Prepayments and accrued income

10,786

9,972

Cash at bank and in hand

32,451

18,711

136,535

128,981

CREDITORS

Amounts falling due within one year

75,949

79,184

NET CURRENT ASSETS

60,586

49,797

TOTAL ASSETS LESS CURRENT LIABILITIES

168,990

166,283

CREDITORS

Amounts falling due after more than one year

69,424

86,734

NET ASSETS

99,566

79,549

CAPITAL AND RESERVES

Called up share capital

4

2

2

Revaluation reserve

1,400

1,400

Profit and loss account

98,164

78,147

SHAREHOLDERS' FUNDS

99,566

79,549

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 1 June 2015 and were signed on its behalf by:

Mrs C Convy - 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 services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

10% on cost

Fixtures and fittings

-

10% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

33% on cost

Fixed assets are stated at cost, being purchase price, less accumulated depreciation.

Work in progress

Work in progress is valued at lower of cost and net realisable value.

Cost comprises all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

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

balance sheet date, where transactions or events that result in an obligation to pay more or a right to pay less

tax in the future have occurred by the balance sheet date with certain limited exceptions.

Deferred tax is calculated on an undiscounted basis at the 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 enacted or substantively

enacted at the balance sheet date.

Research and development

Development expenditure is capitalised when eligible costs are incurred. The resulting intangible assets is

amortised over 5 years.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those

held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance

leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period.

The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's

pension scheme are charged to the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2013

and 31 October 2014

94,563

AMORTISATION

At 1 November 2013

75,485

Amortisation for year

2,119

At 31 October 2014

77,604

NET BOOK VALUE

At 31 October 2014

16,959

At 31 October 2013

19,078

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2013

172,319

Additions

50,206

Disposals

(51,112

)

At 31 October 2014

171,413

DEPRECIATION

At 1 November 2013

74,911

Charge for year

25,511

Eliminated on disposal

(20,454

)

At 31 October 2014

79,968

NET BOOK VALUE

At 31 October 2014

91,445

At 31 October 2013

97,408

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.14

31.10.13

value:

£

£

2

Ordinary

1

2

2

5.	ULTIMATE CONTROLLING PARTY

The company is directed and controlled by its Directors.