Tingwall Livestock Limited - Limited company - abbreviated - 11.9

Tingwall Livestock Limited - Limited company - abbreviated - 11.9


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REGISTERED NUMBER: SC285843 (Scotland)















Abbreviated Unaudited Accounts for the Year Ended 30 June 2015

for

Tingwall Livestock Limited

Tingwall Livestock Limited (Registered number: SC285843)






Contents of the Abbreviated Accounts
for the Year Ended 30 June 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Tingwall Livestock Limited

Company Information
for the Year Ended 30 June 2015







DIRECTORS: C R H Eunson
Mrs K A Roberts





SECRETARY: C R H Eunson





REGISTERED OFFICE: Griesta
Tingwall
Shetland
ZE2 9SB





REGISTERED NUMBER: SC285843 (Scotland)





ACCOUNTANTS: Bon Accord Accountancy Limited
2 North Ness Business Park
Lerwick
Shetland
ZE1 0LZ

Tingwall Livestock Limited (Registered number: SC285843)

Abbreviated Balance Sheet
30 June 2015

30.6.15 30.6.14
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 30,097 7,646
Investments 3 166 -
30,263 7,646

CURRENT ASSETS
Stocks 566,875 557,057
Debtors 13,587 10,208
Cash at bank 7,445 129
587,907 567,394
CREDITORS
Amounts falling due within one year 310,146 409,522
NET CURRENT ASSETS 277,761 157,872
TOTAL ASSETS LESS CURRENT
LIABILITIES

308,024

165,518

CREDITORS
Amounts falling due after more than one
year

(10,000
)
-

PROVISIONS FOR LIABILITIES (6,045 ) (1,029 )
NET ASSETS 291,979 164,489

CAPITAL AND RESERVES
Called up share capital 4 10 10
Profit and loss account 291,969 164,479
SHAREHOLDERS' FUNDS 291,979 164,489

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Tingwall Livestock Limited (Registered number: SC285843)

Abbreviated Balance Sheet - continued
30 June 2015


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 29 January 2016 and were signed on its behalf by:




C R H Eunson - Director



Mrs K A Roberts - Director


Tingwall Livestock Limited (Registered number: SC285843)

Notes to the Abbreviated Accounts
for the Year Ended 30 June 2015

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 - 20% on reducing balance and 12.5% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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.

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 July 2014 10,936
Additions 30,000
At 30 June 2015 40,936
DEPRECIATION
At 1 July 2014 3,290
Charge for year 7,549
At 30 June 2015 10,839
NET BOOK VALUE
At 30 June 2015 30,097
At 30 June 2014 7,646

Tingwall Livestock Limited (Registered number: SC285843)

Notes to the Abbreviated Accounts - continued
for the Year Ended 30 June 2015

3. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST
Additions 166
At 30 June 2015 166
NET BOOK VALUE
At 30 June 2015 166

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.15 30.6.14
value: £    £   
10 Ordinary £1 10 10