Artificial Turf Limited - Limited company - abbreviated - 11.6

Abbreviated Unaudited Accounts for the Year Ended 28 February 2015

for

Artificial Turf Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

C Griffin

D Griffin

SECRETARY:

Mrs A Griffin

REGISTERED OFFICE:

8 Manse Crescent

Stirling

FK7 9AJ

REGISTERED NUMBER:

SC337246 (Scotland)

ACCOUNTANTS:

D & A Pearston

Chartered Accountants

73 Stirling Business Centre

Wellgreen Place

Stirling

FK8 2DZ

FIXED ASSETS

Tangible assets

2

19,239

21,271

CURRENT ASSETS

Stocks

9,500

12,500

Debtors

31,662

16,896

Cash at bank and in hand

48,652

59,854

89,814

89,250

CREDITORS

Amounts falling due within one year

66,694

44,178

NET CURRENT ASSETS

23,120

45,072

TOTAL ASSETS LESS CURRENT LIABILITIES

42,359

66,343

PROVISIONS FOR LIABILITIES

3,848

4,254

NET ASSETS

38,511

62,089

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

38,411

61,989

SHAREHOLDERS' FUNDS

38,511

62,089

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 19 August 2015 and were signed on its behalf by:

C Griffin - 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.

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 etc

-

25% 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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2014

41,509

Additions

8,318

Disposals

(11,499

)

At 28 February 2015

38,328

DEPRECIATION

At 1 March 2014

20,238

Charge for year

6,412

Eliminated on disposal

(7,561

)

At 28 February 2015

19,089

NET BOOK VALUE

At 28 February 2015

19,239

At 28 February 2014

21,271

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.15

28.2.14

value:

£

£

100

Ordinary

£1

100

100