AC Developments (Aberdeen) Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: SC335338 (Scotland)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2013

for

AC Developments (Aberdeen) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

S Adamson

REGISTERED OFFICE:

12 Balmoor Terrace

Peterhead

Aberdeenshire

AB42 1ER

REGISTERED NUMBER:

SC335338 (Scotland)

ACCOUNTANT:

Carolyn Forbes

Upper Cairns

Memsie

Fraserburgh

Aberdeenshire

AB43 7AW

FIXED ASSETS

Tangible assets

2

93,328

94,172

CURRENT ASSETS

Cash at bank

1,755

1,129

CREDITORS

Amounts falling due within one year

110,285

107,767

NET CURRENT LIABILITIES

(108,530

)

(106,638

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(15,202

)

(12,466

)

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

(15,204

)

(12,468

)

SHAREHOLDERS' FUNDS

(15,202

)

(12,466

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 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 28 August 2014 and were signed by:

S Adamson - 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).

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 etc

-

25% on reducing balance

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2013

and 31 December 2013

96,797

DEPRECIATION

At 1 January 2013

2,625

Charge for year

844

At 31 December 2013

3,469

NET BOOK VALUE

At 31 December 2013

93,328

At 31 December 2012

94,172

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.13

31.12.12

value:

£

£

2

Ordinary

£1

2

2