Albany Fires Limited - Limited company - abbreviated

REGISTERED NUMBER: SC376999 (Scotland)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2014

FOR

ALBANY FIRES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

G MacDougall

REGISTERED OFFICE:

16 Albany Place

Bothwell

G71 8JZ

REGISTERED NUMBER:

SC376999 (Scotland)

ACCOUNTANTS:

Benson Wood & Co.

20 Anderson Street

Airdrie

Lanarkshire

ML6 0AA

BANKERS:

Royal Bank of Scotland PLC

Glasgow Crosshill

398 Victoria Road

Glasgow

G42 8YR

FIXED ASSETS

Tangible assets

2

98

130

CURRENT ASSETS

Stocks

10,818

8,545

Debtors

16,181

22,911

Cash at bank

4,833

6,661

31,832

38,117

CREDITORS

Amounts falling due within one year

30,394

32,294

NET CURRENT ASSETS

1,438

5,823

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,536

5,953

PROVISIONS FOR LIABILITIES

20

26

NET ASSETS

1,516

5,927

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

1,514

5,925

SHAREHOLDERS' FUNDS

1,516

5,927

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th 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 8th June 2015 and were signed by:

G MacDougall - 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.

Tangible fixed assets

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

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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

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

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st October 2013

and 30th September 2014

306

DEPRECIATION

At 1st October 2013

176

Charge for year

32

At 30th September 2014

208

NET BOOK VALUE

At 30th September 2014

98

At 30th September 2013

130

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

2

Ordinary

£1

2

Albany Fires Limited - Limited company - abbreviated - 11.6

Albany Fires Limited - Limited company - abbreviated - 11.6