Thomson Scientific Sales & Services Limi - Limited company - abbreviated - 11.9

REGISTERED NUMBER: SC139703 (Scotland)

Abbreviated Accounts for the Year Ended 31 October 2015

for

Thomson Scientific Sales & Services

Limited

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

3

FIXED ASSETS

Tangible assets

2

1,577

1,501

CURRENT ASSETS

Stocks

1,000

1,000

Debtors

127,116

119,539

Cash at bank and in hand

57,346

26,381

185,462

146,920

CREDITORS

Amounts falling due within one year

35,292

23,976

NET CURRENT ASSETS

150,170

122,944

TOTAL ASSETS LESS CURRENT LIABILITIES

151,747

124,445

PROVISIONS FOR LIABILITIES

118

-

NET ASSETS

151,629

124,445

CAPITAL AND RESERVES

Called up share capital

3

6,002

6,002

Profit and loss account

145,627

118,443

SHAREHOLDERS' FUNDS

151,629

124,445

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 1 April 2016 and were signed by:

K Norrie - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The principal accounting policies adopted in the preparation of the financial statements are set out below and

have remained unchanged from the previous period and also have been consistently applied within the same

accounts.

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.

Plant and machinery

-

20% on cost

Fixtures and fittings

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

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 November 2014

37,854

Additions

779

At 31 October 2015

38,633

DEPRECIATION

At 1 November 2014

36,353

Charge for year

703

At 31 October 2015

37,056

NET BOOK VALUE

At 31 October 2015

1,577

At 31 October 2014

1,501

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.15

31.10.14

value:

£

£

6,000

Ordinary - Class A

£1

6,000

6,000

2

Ordinary - Class B

£1

2

2

6,002

6,002

4.	ULTIMATE PARENT COMPANY

Culsalmond Property and Investment Company Limited is regarded by the director as being the company's

ultimate parent company.