McCallum Bagpipes Limited - Limited company - abbreviated - 11.9
McCallum Bagpipes Limited - Limited company - abbreviated - 11.9
| REGISTERED NUMBER: |
| MCCALLUM BAGPIPES LIMITED |
| ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 30TH SEPTEMBER 2015 |
| MCCALLUM BAGPIPES LIMITED (REGISTERED NUMBER: SC232526) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 30TH SEPTEMBER 2015 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| MCCALLUM BAGPIPES LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 30TH SEPTEMBER 2015 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| MCCALLUM BAGPIPES LIMITED (REGISTERED NUMBER: SC232526) |
| ABBREVIATED BALANCE SHEET |
| 30TH SEPTEMBER 2015 |
| 2015 | 2014 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
3 |
( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| ACCRUALS AND DEFERRED INCOME | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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. |
| MCCALLUM BAGPIPES LIMITED (REGISTERED NUMBER: SC232526) |
| ABBREVIATED BALANCE SHEET - continued |
| 30TH SEPTEMBER 2015 |
| The financial statements were approved by the Board of Directors on by: |
| MCCALLUM BAGPIPES LIMITED (REGISTERED NUMBER: SC232526) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 30TH SEPTEMBER 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 |
| Land and buildings | - |
| Plant and machinery etc | - |
| 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 where transactions or events that result in an obligation to pay more tax in the 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 profit and its results as stated in the financial statements that arise from the inclusion of gains |
| or losses in tax assessments in periods different from those in which they are recognised in the financial |
| statements. |
| A net deferred tax asset is regarded as recoverable and therefore recognised only to the extent that, on the basis |
| of all available evidence, it can be regarded as more likely than not that there will be suitable taxable profits from |
| which the future reversal of the underlying timing differences can be deducted. Deferred tax is measured on a |
| non-discount basis. |
| 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. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
| scheme are charged to the profit and loss account in the period to which they relate. |
| MCCALLUM BAGPIPES LIMITED (REGISTERED NUMBER: SC232526) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 30TH SEPTEMBER 2015 |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1st October 2014 |
| Additions |
| At 30th September 2015 |
| DEPRECIATION |
| At 1st October 2014 |
| Charge for year |
| At 30th September 2015 |
| NET BOOK VALUE |
| At 30th September 2015 |
| At 30th September 2014 |
| 3. | CREDITORS |
| Creditors include the following debts falling due in more than five years: |
| 2015 | 2014 |
| £ | £ |
| Repayable by instalments | - | 7,603 |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2015 | 2014 |
| value: | £ | £ |
| Ordinary | £1 |
| 5. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to directors subsisted during the years ended 30th September 2015 and |
| 30th September 2014: |
| 2015 | 2014 |
| £ | £ |
| Balance outstanding at start of year | ( |
) | ( |
) |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Balance outstanding at end of year | ( |
) | ( |
) |
| MCCALLUM BAGPIPES LIMITED (REGISTERED NUMBER: SC232526) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 30TH SEPTEMBER 2015 |
| 5. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued |
| Balance outstanding at start of year | ( |
) | ( |
) |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Balance outstanding at end of year | ( |
) | ( |
) |