Pollock and Galbraith Limited - Limited company - abbreviated - 11.6

Abbreviated Unaudited Accounts for the Year Ended 31 December 2015

for

Pollock and Galbraith Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Dr J Pollock

SECRETARY:

Mrs L Pollock

REGISTERED OFFICE:

71 Stirling Business Centre

Wellgreen Place

Stirling

Stirlingshire

FK8 2DZ

REGISTERED NUMBER:

SC224931 (Scotland)

ACCOUNTANTS:

D & A Pearston

Chartered Accountants

73 Stirling Business Centre

Wellgreen Place

Stirling

FK8 2DZ

FIXED ASSETS

Tangible assets

2

2,717

3,353

CURRENT ASSETS

Debtors

230,377

212,871

Investments

79,533

24,000

Cash at bank

604,581

670,462

914,491

907,333

CREDITORS

Amounts falling due within one year

89,725

89,186

NET CURRENT ASSETS

824,766

818,147

TOTAL ASSETS LESS CURRENT LIABILITIES

827,483

821,500

PROVISIONS FOR LIABILITIES

492

608

NET ASSETS

826,991

820,892

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

826,990

820,891

SHAREHOLDERS' FUNDS

826,991

820,892

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 February 2016 and were signed by:

Dr J Pollock - 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 services, 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

Deferred tax

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

date.

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

15,812

Additions

270

At 31 December 2015

16,082

DEPRECIATION

At 1 January 2015

12,459

Charge for year

906

At 31 December 2015

13,365

NET BOOK VALUE

At 31 December 2015

2,717

At 31 December 2014

3,353

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

£

1

Ordinary Shares

1

1

1