Alloa Development Company Ltd Small abbreviated accounts

ALLOA DEVELOPMENT COMPANY LTD. - Company Information

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COMPANY REGISTRATION NUMBER SC431498

ALLOA DEVELOPMENT COMPANY LTD

UNAUDITED ABBREVIATED ACCOUNTS

30 September 2015

ATKINSON & CO LIMITED

Chartered Accountants

Victoria House

87 High Street

Tillicoultry

Clackmannanshire

FK13 6AA

ALLOA DEVELOPMENT COMPANY LTD

ACCOUNTANTS' REPORT TO THE DIRECTORS OF ALLOA

DEVELOPMENT COMPANY LTD

YEAR ENDED 30 SEPTEMBER 2015

In accordance with our terms of engagement, and in order to assist you to fulfil your duties under the Companies Act 2006, we have prepared the financial statements of the company on pages 2 to 4 from the accounting records and information and explanations supplied to us.

This report is made to the Company's Directors, as a body, in accordance with the terms of our engagement. Our work has been undertaken to enable us to prepare the financial statements on behalf of the Company's Directors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's Directors, as a body, for our work or for this report.

We have carried out this engagement in accordance with best practice guidance issued by the Institute of Chartered Accountants of Scotland and have complied with the ethical guidance laid down by the Institute relating to members undertaking the preparation of financial statements.

You have acknowledged on the balance sheet as at 30 September 2015 your duty to ensure that the company has kept adequate accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

ATKINSON & CO LIMITED Chartered Accountants

Victoria House 87 High Street Tillicoultry Clackmannanshire FK13 6AA

19 April 2016

ALLOA DEVELOPMENT COMPANY LTD

ABBREVIATED BALANCE SHEET

30 September 2015

	2015	2014
Note	£	£

CURRENT ASSETS

Stocks	-	231,577
Debtors	60	1,287
Cash at bank and in hand	-	1,153
	----	----------
	60	234,017
CREDITORS: Amounts falling due within one year	-	323,399
	----	----------
NET CURRENT ASSETS/(LIABILITIES)	60	( 89,382)
	----	---------
TOTAL ASSETS LESS CURRENT LIABILITIES	60	( 89,382)
	----	---------

CAPITAL AND RESERVES

Called up equity share capital	2	60	60
Profit and loss account	-	( 89,442)
	----	---------
SHAREHOLDERS' FUNDS/(DEFICIT)	60	( 89,382)
	----	---------

For the year ended 30 September 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These abbreviated accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.

These abbreviated accounts were approved by the directors and authorised for issue on 19 April 2016 , and are signed on their behalf by:

Mr A Loughray Director

ALLOA DEVELOPMENT COMPANY LTD

NOTES TO THE ABBREVIATED ACCOUNTS

YEAR ENDED 30 SEPTEMBER 2015

1. ACCOUNTING POLICIES

Basis of accounting

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

The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Work in progress

Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

2. SHARE CAPITAL

Allotted, called up and fully paid:

2015	2014
No	£	No	£
Ordinary shares of £ 1 each	60	60	60	60
	----	----	----	----