Aberdeen Angels Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: SC490531 (Scotland)

Abbreviated Accounts

for the Period 5 November 2014 to 31 March 2015

for

Aberdeen Angels Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mrs A F Muirhead

REGISTERED OFFICE:

Office 14

Broadfold Business Centre

Bridge of Don

Aberdeen

AB23 8EE

REGISTERED NUMBER:

SC490531 (Scotland)

FIXED ASSETS

Tangible assets

2

14,735

CURRENT ASSETS

Debtors

47,611

Cash at bank and in hand

12,271

59,882

CREDITORS

Amounts falling due within one year

48,142

NET CURRENT ASSETS

11,740

TOTAL ASSETS LESS CURRENT LIABILITIES

26,475

CREDITORS

Amounts falling due after more than one year

(10,802

)

PROVISIONS FOR LIABILITIES

(1,213

)

NET ASSETS

14,460

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

14,459

SHAREHOLDERS' FUNDS

14,460

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 9 December 2015 and were signed by:

Mrs A F Muirhead - 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

20,536

Disposals

(4,995

)

At 31 March 2015

15,541

DEPRECIATION

Charge for period

806

At 31 March 2015

806

NET BOOK VALUE

At 31 March 2015

14,735

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

1

Ordinary

£1

1