Black Isle Bronze Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: SC244319 (Scotland)

Black Isle Bronze Limited

Abbreviated Accounts For The Year Ended 30 April 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

6

DIRECTOR:

F P Laing

SECRETARY:

Mrs C Gilchrist

REGISTERED OFFICE:

4A Balmakeith Business Park

Nairn

Highland

IV12 5QR

REGISTERED NUMBER:

SC244319 (Scotland)

ACCOUNTANTS:

The Long Partnership

Park House Centre

South Street

Elgin

IV30 1JB

FIXED ASSETS

Tangible assets

2

224,065

186,683

CURRENT ASSETS

Stocks

8,547

1,549

Debtors

139,854

29,308

Cash at bank and in hand

21,881

16,469

170,282

47,326

CREDITORS

Amounts falling due within one year

223,211

79,438

NET CURRENT LIABILITIES

(52,929

)

(32,112

)

TOTAL ASSETS LESS CURRENT LIABILITIES

171,136

154,571

CREDITORS

Amounts falling due after more than one year

3

(13,524

)

(6,510

)

PROVISIONS FOR LIABILITIES

(16,877

)

(10,995

)

NET ASSETS

140,735

137,066

CAPITAL AND RESERVES

Called up share capital

4

17,500

17,500

Revaluation reserve

55,471

55,471

Profit and loss account

67,764

64,095

SHAREHOLDERS' FUNDS

140,735

137,066

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2015 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 31 July 2015 and were signed by:

F P Laing - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation

of certain assets 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.

Equipment

-

15% on reducing balance and 10% 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.

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.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1 May 2014

263,875

Additions

51,511

At 30 April 2015

315,386

DEPRECIATION

At 1 May 2014

77,192

Charge for year

14,129

At 30 April 2015

91,321

NET BOOK VALUE

At 30 April 2015

224,065

At 30 April 2014

186,683

3.

CREDITORS

Creditors include the following debts falling due in more than five years:

30.4.15

30.4.14

£

£

Repayable by instalments

6,742

-

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.15

30.4.14

value:

£

£

17,500

Ordinary

£1

17,500

17,500

5.	RELATED PARTY DISCLOSURES

During the year, total dividends of £24,210 (2014 - £14,136) were paid to the director .

Included in other creditors is a interest free directors loan of £3 (2014 - £4,306) due to F P Laing. There are no

repayment terms.

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Black Isle Bronze Limited for the year ended 30 April 2015 which comprise the Profit and Loss

Account, 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the director of Black Isle Bronze Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Black Isle Bronze Limited and state those matters that we have agreed to state to the director of Black Isle Bronze Limited in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Black Isle Bronze Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Black Isle Bronze Limited. You consider that Black Isle Bronze Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Black Isle Bronze Limited.

For this reason, we have not verified the accuracy or completeness of the accounting records or information and

explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

The Long Partnership

Park House Centre

South Street

Elgin

IV30 1JB

31 July 2015