YOUSAF & CO LTD - Abbreviated accounts

Registered number

SC134001

YOUSAF & CO LTD

Firm Of Chartered Certified Accountants

298-300 Maxwell Road

Glasgow

Abbriviated Accounts

for the year ended 30 September 2014

YOUSAF & CO LTD

Report to the director on the preparation of the unaudited abbreviated accounts of YOUSAF & CO LTD for the year ended 30 September 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of YOUSAF & CO LTD for the year ended 30 September 2014 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com/
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.

Haris & Co.
Chartered Certified Accountants
22 Milnpark Street

Glasgow
G41 1BB

24 June 2015

YOUSAF & CO LTD
Notes to the Abbreviated Accounts
for the year ended 30 September 2014



1	Accounting policies

	Basis of preparation
	The accounts 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 the value, net of value added tax in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Fixtures & fittings			10% Reducing Balance


2	Tangible fixed assets							£

	Cost
	At 1 October 2013							92,338
	Additions							5,482
	At 30 September 2014							97,820

	Depreciation
	At 1 October 2013							74,580
	Charge for the year							2,323
	At 30 September 2014							76,903

	Net book value
	At 30 September 2014							20,917
	At 30 September 2013							17,758


3	Share capital	Nominal		2014		2014		2013
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		500		500		500

YOUSAF & CO LTD
Registered number:		SC134001
Abbreviated Balance Sheet
as at 30 September 2014


Notes			2014			2013
£				£
Fixed assets
Tangible assets	2		20,917			17,758
Investments			292,861			292,861
			313,778			310,619

Current assets
Debtors		200,582			209,147
Cash at bank and in hand		247,113			199,573
		447,695			408,720

Creditors: amounts falling due within one year		(54,840)			(55,420)

Net current assets			392,855			353,300

Total assets less current liabilities			706,633			663,919

Creditors: amounts falling due after more than one year			(86,636)			(116,968)



Net assets			619,997			546,951

Capital and reserves
Called up share capital	3		500			500
Profit and loss account			619,497			546,451

Shareholders' funds			619,997			546,951

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



Mr Muzaffar Hussain Yousaf
Director
Approved by the board on 24 June 2015