Abbreviated Company Accounts - BLAIRISH RESTORATIONS LIMITED

BLAIRISH RESTORATIONS LIMITED - Company Information

SC239499 BLAIRISH RESTORATIONS LIMITED 2015-06-30 false 2014-07-01 2015-06-30 true SC239499 2014-07-01 2015-06-30 SC239499 2015-06-30 SC239499 2014-06-30 SC239499 uk-gaap-cd-bus:Director1 2014-07-01 2015-06-30 SC239499 uk-gaap-cd-bus:Director2 2014-07-01 2015-06-30 uk-gaap-cd-bus:Director3 2014-07-01 2015-06-30 uk-gaap-cd-bus:Director3 2015-06-30 uk-gaap-cd-bus:Director3 2014-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-07-01 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-06-30 uk-gaap-cd-bus:OrdinaryShareClass2 2014-07-01 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass2 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass2 2014-06-30 iso4217:GBP shares

Registered Number SC239499

BLAIRISH RESTORATIONS LIMITED

Abbreviated Accounts

30 June 2015

BLAIRISH RESTORATIONS LIMITED Registered Number SC239499

Abbreviated Balance Sheet as at 30 June 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	61,425	68,250
Tangible assets	3	64,768	73,971
		126,193	142,221
Current assets
Stocks		1,500	18,601
Debtors		157,597	245,548
Cash at bank and in hand		101,926	102,264
		261,023	366,413
Creditors: amounts falling due within one year		(187,462)	(254,178)
Net current assets (liabilities)		73,561	112,235
Total assets less current liabilities		199,754	254,456
Provisions for liabilities		(6,780)	(6,301)
Total net assets (liabilities)		192,974	248,155
Capital and reserves
Called up share capital	4	2	2
Profit and loss account		192,972	248,153
Shareholders' funds		192,974	248,155

For the year ending 30 June 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 28 March 2016

And signed on their behalf by:
J K Woolnough, Director

BLAIRISH RESTORATIONS LIMITED Registered Number SC239499

Notes to the Abbreviated Accounts for the period ended 30 June 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover comprises revenue recognised by the company in respect of goods and services supplied during the Year, exclusive of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant and machinery - 12.5% reducing balance
Motor Vehicles - 25% reducing balance
Office equipment - 12.5% reducing balance

Intangible assets amortisation policy
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the identifiable assets and liabilities. It is amortised to the Profit and loss account over its estimated economic life.

Valuation information and policy
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Other accounting policies
Turnover
Turnover comprises revenue recognised by the company in respect of goods and services supplied during the Year, exclusive of Value Added Tax and trade discounts.

Deferred taxation
Full provision is made for deferred tax assets and liabilities arising from all timing differences between the recognition of gains and losses in the financial statements and recognition in the tax computation.
A net deferred tax asset is recognised only if 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 assets and liabilities are calculated at the tax rates expected to be effective at the time the timing differences are expected to reverse.
Deferred tax assets and liabilities are not discounted.

2Intangible fixed assets

	£
Cost
At 1 July 2014	136,500
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2015	136,500
Amortisation
At 1 July 2014	68,250
Charge for the year	6,825
On disposals	-
At 30 June 2015	75,075
Net book values
At 30 June 2015	61,425
At 30 June 2014	68,250

3Tangible fixed assets

	£
Cost
At 1 July 2014	229,327
Additions	11,884
Disposals	(20,614)
Revaluations	-
Transfers	-
At 30 June 2015	220,597
Depreciation
At 1 July 2014	155,356
Charge for the year	15,807
On disposals	(15,334)
At 30 June 2015	155,829
Net book values
At 30 June 2015	64,768
At 30 June 2014	73,971

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
1 A Ordinary share of £1 each	1	1
1 B Ordinary shares of £1 each	1	1

5Transactions with directors

Name of director receiving advance or credit:	J K Woolnough
Description of the transaction:	Other debtors
Balance at 1 July 2014:	£ 57,702
Advances or credits made:	-
Advances or credits repaid:	£ 1,829
Balance at 30 June 2015:	£ 55,873

There are no repayment terms agreed and interest is being charged at a commercial rate.