Access 2000 (Shetland) Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: SC223764 (Scotland)

Abbreviated Unaudited Accounts for the Year Ended 30 September 2014

for

Access 2000 (Shetland) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

G R Carey

SECRETARY:

Ms K M Wishart

REGISTERED OFFICE:

SBS Base

Gremista

Lerwick

Shetland

ZE1 0PY

REGISTERED NUMBER:

SC223764 (Scotland)

ACCOUNTANTS:

Bon Accord Accountancy Limited

2 North Ness Business Park

Lerwick

Shetland

ZE1 0LZ

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

193,093

166,277

193,093

166,277

CURRENT ASSETS

Debtors

195,138

200,596

Cash at bank and in hand

74,109

11,473

269,247

212,069

CREDITORS

Amounts falling due within one year

141,258

113,460

NET CURRENT ASSETS

127,989

98,609

TOTAL ASSETS LESS CURRENT LIABILITIES

321,082

264,886

CREDITORS

Amounts falling due after more than one year

(9,585

)

(10,422

)

PROVISIONS FOR LIABILITIES

(38,618

)

(30,081

)

NET ASSETS

272,879

224,383

CAPITAL AND RESERVES

Called up share capital

4

1

1

Profit and loss account

272,878

224,382

SHAREHOLDERS' FUNDS

272,879

224,383

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2014 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 26 June 2015 and were signed by:

G R Carey - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of five years.

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.

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

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.

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.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

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 October 2013

and 30 September 2014

15,000

AMORTISATION

At 1 October 2013

and 30 September 2014

15,000

NET BOOK VALUE

At 30 September 2014

-

At 30 September 2013

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2013

425,161

Additions

94,454

Disposals

(56,503

)

At 30 September 2014

463,112

DEPRECIATION

At 1 October 2013

258,884

Charge for year

54,173

Eliminated on disposal

(43,038

)

At 30 September 2014

270,019

NET BOOK VALUE

At 30 September 2014

193,093

At 30 September 2013

166,277

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.14

30.9.13

value:

£

£

1

Ordinary

£1

1

1