Whighams Young & Saunders Limited - Limited company - abbreviated

REGISTERED NUMBER: SC045983 (Scotland)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2015

FOR

WHIGHAMS YOUNG & SAUNDERS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

I G Cumming

R Montgomerie

SECRETARY:

I G Cumming

REGISTERED OFFICE:

c/o Stewart Gilmour & Co C.A.

24 Beresford Terrace

AYR

Ayrshire

KA7 2EG

REGISTERED NUMBER:

SC045983 (Scotland)

ACCOUNTANTS:

Stewart Gilmour & Co.,

Chartered Accountants

24 Beresford Terrace

Ayr

KA7 2EG

BANKERS:

Bank of Scotland

123 High Street

Ayr

KA7 1QP

FIXED ASSETS

Tangible assets

2

97,000

100,000

CURRENT ASSETS

Cash at bank

5,692

3,437

CREDITORS

Amounts falling due within one year

20,480

17,773

NET CURRENT LIABILITIES

(14,788

)

(14,336

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

82,212

85,664

CAPITAL AND RESERVES

Called up share capital

3

10,000

Revaluation reserve

88,845

89,967

Profit and loss account

(16,633

)

(14,303

)

SHAREHOLDERS' FUNDS

82,212

85,664

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 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 15 September 2015 and were signed on its behalf
by:

I G Cumming - 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.

Land and buildings

-

2% on cost

Deferred tax

Full provision is made for deferred taxation resulting from timing differences between recognition of gains and

losses in the financial statements and their recognition for tax purposes. Deferred taxation is calculated on an

un-discounted basis at tax rates which are expected to apply in the periods when timing differences will reverse.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2014

and 30 April 2015

150,000

DEPRECIATION

At 1 May 2014

50,000

Charge for year

3,000

At 30 April 2015

53,000

NET BOOK VALUE

At 30 April 2015

97,000

At 30 April 2014

100,000

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

10,000

Ordinary

£1

10,000

Whighams Young & Saunders Limited - Limited company - abbreviated - 11.6

Whighams Young & Saunders Limited - Limited company - abbreviated - 11.6