Scot-Tel-Gould Limited - Limited company - abbreviated - 11.6

SCOT-TEL-GOULD LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31ST OCTOBER 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

D M Gould

H E Martin

G C Porteous

SECRETARY:

Mrs M L Gould

REGISTERED OFFICE:

190 St Vincent Street

Glasgow

G2 5SP

REGISTERED NUMBER:

SC386653 (Scotland)

ACCOUNTANTS:

Clive Bowyer Limited

18 Old Well Gardens

Penryn

Cornwall

TR10 9LF

FIXED ASSETS

Tangible assets

2

57,334

60,704

CURRENT ASSETS

Debtors

117,815

293,087

Cash at bank

25,711

57,884

143,526

350,971

CREDITORS

Amounts falling due within one year

44,285

283,346

NET CURRENT ASSETS

99,241

67,625

TOTAL ASSETS LESS CURRENT LIABILITIES

156,575

128,329

PROVISIONS FOR LIABILITIES

6,337

5,884

NET ASSETS

150,238

122,445

CAPITAL AND RESERVES

Called up share capital

3

99

99

Profit and loss account

150,139

122,346

SHAREHOLDERS' FUNDS

150,238

122,445

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 29th July 2015 and were signed on its behalf by:

D M Gould - 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, except in respect of service contracts

where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

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

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 November 2013

96,868

Additions

15,743

At 31st October 2014

112,611

DEPRECIATION

At 1st November 2013

36,164

Charge for year

19,113

At 31st October 2014

55,277

NET BOOK VALUE

At 31st October 2014

57,334

At 31st October 2013

60,704

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.14

31.10.13

value:

£

£

99

A Ordinary

£1

99

99