Dunedin Advisory Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: SC338045 (Scotland)

Abbreviated Unaudited Accounts for the Year Ended 31 July 2015

for

Dunedin Advisory Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mrs C Convy

Ms E Maclean

REGISTERED OFFICE:

H5 Newark Business Park

Newark Road South

Glenrothes

Fife

KY7 4NS

REGISTERED NUMBER:

SC338045 (Scotland)

ACCOUNTANTS:

Eden Fyfe Accounts Limited

H5, Newark Business Park

Newark Road South

Glenrothes

Fife

KY7 4NS

FIXED ASSETS

Tangible assets

2

3,748

5,013

CURRENT ASSETS

Work in Progress

8,101

10,309

Debtors

-

3,000

Cash at bank

2,316

2,673

10,417

15,982

CREDITORS

Amounts falling due within one year

3,876

10,245

NET CURRENT ASSETS

6,541

5,737

TOTAL ASSETS LESS CURRENT
LIABILITIES

10,289

10,750

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

10,288

10,749

SHAREHOLDERS' FUNDS

10,289

10,750

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2015 in accordance with Section 476 of the Companies Act 2006.

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.

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 Board of Directors on 29 April 2016 and were signed on its behalf
by:

Mrs C Convy - 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 January 2015).

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.

Improvements to property

-

10% on cost

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

30% on reducing balance

Fixed assets are stated at cost, being purchase price, less accumulated depreciation.

Work in progress

Work in progress is valued at the lower of cost and net realisable value.

Cost comprises all direct expenditure incurred in bringing work in progress to its current condition.

Deferred tax

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

balance sheet date.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in

which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2014

and 31 July 2015

16,857

DEPRECIATION

At 1 August 2014

11,844

Charge for year

1,265

At 31 July 2015

13,109

NET BOOK VALUE

At 31 July 2015

3,748

At 31 July 2014

5,013

3.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

31.7.15

31.7.14

value:

£

1

Share capital 1

£1

1