S&M Property Maintenance (Scotland) Ltd - Limited company - abbreviated - 11.9

REGISTERED NUMBER: SC344682 (Scotland)

Abbreviated Accounts For The Year Ended 31 March 2015

for

S&M Property Maintenance (Scotland)

Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

John Strange

SECRETARY:

John Strange

REGISTERED OFFICE:

c/o Robb Ferguson

5 Oswald Street

Glasgow

G1 4QR

REGISTERED NUMBER:

SC344682 (Scotland)

ACCOUNTANTS:

Robb Ferguson

Chartered Accountants

5 Oswald Street

Glasgow

G1 4QR

FIXED ASSETS

Tangible assets

2

197

775

CURRENT ASSETS

Debtors

34,199

33,344

Cash at bank

108

306

34,307

33,650

CREDITORS

Amounts falling due within one year

24,571

14,207

NET CURRENT ASSETS

9,736

19,443

TOTAL ASSETS LESS CURRENT LIABILITIES

9,933

20,218

PROVISIONS FOR LIABILITIES

39

155

NET ASSETS

9,894

20,063

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

9,794

19,963

SHAREHOLDERS' FUNDS

9,894

20,063

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

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

The director acknowledges his 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 24 December 2015 and were signed by:

John Strange - 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 and services, excluding value added tax and trade discounts.

Turnover is recognised when services are performed or goods delivered.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixed plant and equipment

-

15% on reducing balance

Motor vehicles

-

25% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date where transactions or events that result in an obligation to pay more tax in future or a right to pay less

tax in the future have occurred at the balance sheet date. Timing differences are differences between the

company's taxable profits and its results as stated in the financial statements that arise from the inclusion of gains

and losses in tax assessments in periods different from those in which they are recognised in the financial

statements.

Deferred tax is measured at the average tax rates that are expected to apply in the periods in which the timing

difference are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted

by the balance sheet date. Deferred tax is measured on a non-discounted basis.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

2,458

DEPRECIATION

At 1 April 2014

1,683

Charge for year

578

At 31 March 2015

2,261

NET BOOK VALUE

At 31 March 2015

197

At 31 March 2014

775

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

£1

100

100

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2015 and

31 March 2014:

2015

2014

£

£

John Strange

Balance outstanding at start of year

(330

)

(1,599

)

Amounts advanced

12,516

2,989

Amounts repaid

(12,234

)

(1,720

)

Balance outstanding at end of year

(48

)

(330

)

Paul McHugh

Balance outstanding at start of year

(852

)

(902

)

Amounts advanced

1,750

50

Amounts repaid

(898

)

-

Balance outstanding at end of year

-

(852

)