| Invermont Limited |
| Registered number: |
SC172959 |
| Abbreviated Balance Sheet |
| as at 31 March 2015 |
|
| Notes |
|
|
2015 |
|
|
2014 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
158,151 |
|
|
159,617 |
|
| Current assets |
| Stocks |
|
|
20,270 |
|
|
17,940 |
| Debtors |
|
|
42,143 |
|
|
41,047 |
| Cash at bank and in hand |
|
|
15,973 |
|
|
15,685 |
|
|
|
78,386 |
|
|
74,672 |
|
| Creditors: amounts falling due within one year |
|
|
(181,504) |
|
|
(160,705) |
|
| Net current liabilities |
|
|
|
(103,118) |
|
|
(86,033) |
|
| Net assets |
|
|
|
55,033 |
|
|
73,584 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
3 |
|
|
30,000 |
|
|
30,000 |
| Revaluation reserve |
|
|
|
39,012 |
|
|
39,012 |
| Profit and loss account |
|
|
|
(13,979) |
|
|
4,572 |
|
| Shareholders' funds |
|
|
|
55,033 |
|
|
73,584 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
|
|
|
| I.J. Gibson |
| Director |
| Approved by the board on 20 August 2015 |
|
| Invermont Limited |
| Notes to the Abbreviated Accounts |
| for the year ended 31 March 2015 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Land and buildings |
no depreciation |
|
Plant and machinery |
20% reducing balance |
|
Motor vehicles |
25% reducing balance |
|
|
Revaluations |
|
The company has a policy of revaluing land and buildings. The company will review the valuation of land and buildings periodically to keep this up to date. |
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. The valuation is carried out by an external stocktaker. |
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 April 2014 |
183,130 |
|
Additions |
283 |
|
Disposals |
(380) |
|
At 31 March 2015 |
183,033 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2014 |
23,513 |
|
Charge for the year |
1,661 |
|
On disposals |
(292) |
|
At 31 March 2015 |
24,882 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2015 |
158,151 |
|
At 31 March 2014 |
159,617 |
|
|
|
|
|
|
|
|
| 3 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
30,000 |
|
30,000 |
|
30,000 |
|
|
|
|
|
|
|
|
|
