Company Registration No. SC212349 (Scotland)
ANDY RACE FISH MERCHANTS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2015
ANDY RACE FISH MERCHANTS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
ANDY RACE FISH MERCHANTS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 JANUARY 2015
31 January 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
29,017
35,193
Current assets
Stocks
7,000
5,000
Debtors
70,468
66,771
Cash at bank and in hand
11,481
26,538
88,949
98,309
Creditors: amounts falling due within one year
(32,430)
(43,923)
Net current assets
56,519
54,386
Total assets less current liabilities
85,536
89,579
Provisions for liabilities
(4,802)
(5,818)
80,734
83,761
Capital and reserves
Called up share capital
3
10,000
10,000
Profit and loss account
70,734
73,761
Shareholders' funds
80,734
83,761
For the financial year ended 31 January 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 13 October 2015
Mr A C Race
Director
Company Registration No. SC212349
ANDY RACE FISH MERCHANTS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JANUARY 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Equipment
15% straight line
Motor vehicles
25% reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 February 2014
116,599
Additions
1,860
At 31 January 2015
118,459
Depreciation
At 1 February 2014
81,406
Charge for the year
8,036
At 31 January 2015
89,442
Net book value
At 31 January 2015
29,017
At 31 January 2014
35,193
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
10,000 Ordinary of £1 each
10,000
10,000
2015-01-312014-02-01falsetruetruetruetruetruetmp6C41.html2015-10-20SC2123492014-02-012015-01-31SC2123492015-01-31SC2123492014-01-31SC2123492014-01-31SC212349uk-bus:Director12014-02-012015-01-31SC212349uk-gaap:PlantMachinery2014-02-012015-01-31SC212349uk-gaap:MotorVehicles2014-02-012015-01-31SC212349uk-bus:OrdinaryShareClass12014-02-012015-01-31SC212349uk-bus:OrdinaryShareClass12015-01-31SC212349uk-bus:OrdinaryShareClass12014-01-31xbrli:purexbrli:sharesiso4217:GBP
