R B Grant Limited - Abbreviated accounts 16.1

R B Grant Limited - Abbreviated accounts 16.1

R B GRANT LIMITED - Company Information

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SC450490 1.1.15 31.12.15 31.12.15 Company accounts Private Limited Company FY true false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSC4504902014-12-31SC4504902015-12-31SC4504902015-01-012015-12-31SC4504902013-05-20SC4504902013-05-212014-12-31SC4504902014-12-31SC450490ns12:Scotland2015-01-012015-12-31SC450490ns14:PoundSterling2015-01-012015-12-31SC450490ns7:Director12015-01-012015-12-31SC450490ns7:OrdinaryShareClass12015-01-012015-12-31SC450490ns7:Director22015-01-012015-12-31SC450490ns7:Director32015-01-012015-12-31SC450490ns7:CompanySecretary2015-01-012015-12-31SC450490ns7:RegisteredOffice2015-01-012015-12-31SC450490ns7:EntityAccountantsOrAuditors2015-01-012015-12-31SC450490ns5:PlantMachinery2015-01-012015-12-31SC450490ns5:MotorVehicles2015-01-012015-12-31SC450490ns5:ComputerEquipment2015-01-012015-12-31SC450490ns7:OrdinaryShareClass12015-12-31SC450490ns7:OrdinaryShareClass12014-12-31
REGISTERED NUMBER: SC450490 (Scotland)















R B GRANT LIMITED

Abbreviated Unaudited Accounts

for the Year Ended 31 December 2015





Harley Hepburn
28 Townsend Place
Kirkcaldy
Fife
KY1 1HB








R B GRANT LIMITED (REGISTERED NUMBER: SC450490)






Contents of the Abbreviated Accounts
for the Year Ended 31 December 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Chartered Accountants' Report 7

R B GRANT LIMITED

Company Information
for the Year Ended 31 December 2015







DIRECTORS: R B Grant
R B Grant
Ms K Young





SECRETARY: Ms K Young





REGISTERED OFFICE: Office 17
The Business Incubator
Myregormie Place
Kirkcaldy
Fife
KY1 3NA





REGISTERED NUMBER: SC450490 (Scotland)





ACCOUNTANTS: Harley Hepburn
28 Townsend Place
Kirkcaldy
Fife
KY1 1HB
Page 1
R B GRANT LIMITED (REGISTERED NUMBER: SC450490)

Abbreviated Balance Sheet
31 December 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 288,000 304,000
Tangible assets 3 70,105 61,976
358,105 365,976

CURRENT ASSETS
Stock & wip 149,563 140,936
Debtors 485,993 234,490
Cash at bank and in hand 313,806 350,200
949,362 725,626
CREDITORS
Amounts falling due within one year 931,070 906,383
NET CURRENT ASSETS/(LIABILITIES) 18,292 (180,757 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
376,397
185,219

CREDITORS
Amounts falling due after more than one
year
-
(3,233
)

PROVISIONS FOR LIABILITIES (10,244 ) (7,811 )
NET ASSETS 366,153 174,175

CAPITAL AND RESERVES
Called up share capital 4 10 10
Profit and loss account 366,143 174,165
SHAREHOLDERS' FUNDS 366,153 174,175

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 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 notes form part of these abbreviated accounts

Page 2 continued...
R B GRANT LIMITED (REGISTERED NUMBER: SC450490)

Abbreviated Balance Sheet - continued
31 December 2015


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 14 April 2016 and were signed on its behalf by:





R B Grant - Director


The notes form part of these abbreviated accounts

Page 3
R B GRANT LIMITED (REGISTERED NUMBER: SC450490)

Notes to the Abbreviated Accounts
for the Year Ended 31 December 2015

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 sale of goods and services provided net of Value Added Tax and trade discounts. Turnover
is recognised when the goods and services are physically provided to the customer.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks and work in progress
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. Work in progress is reflected in the accounts on a contract by contract basis by recording
turnover and related costs as contract activity progresses.

Deferred tax
The charge for taxation takes into account taxation deferred as a result of timing differences between the
treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in
respect of all timing differences that have originated but not reversed at the Balance Sheet date. However,
deferred tax assets are recognised only to the extent that the directors consider that it is 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 taxation is measured on a non-discounted basis at the average tax rates that are expected to
apply in the periods in which the timing differences reverse, based on tax rates and laws enacted or substantially
enacted at the Balance Sheet date.

Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no
commitment to sell the assets.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases
are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The
capital element of the future payments is treated as a liability.

Page 4 continued...
R B GRANT LIMITED (REGISTERED NUMBER: SC450490)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 December 2015

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2015
and 31 December 2015 320,000
AMORTISATION
At 1 January 2015 16,000
Amortisation for year 16,000
At 31 December 2015 32,000
NET BOOK VALUE

At 31 December 2015 288,000
At 31 December 2014 304,000

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2015 82,635
Additions 37,581
Disposals (7,330 )
At 31 December 2015 112,886
DEPRECIATION
At 1 January 2015 20,659
Charge for year 23,368
Eliminated on disposal (1,246 )
At 31 December 2015 42,781
NET BOOK VALUE
At 31 December 2015 70,105
At 31 December 2014 61,976

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
10 Ordinary £1 10 10

5. RELATED PARTY DISCLOSURES

During the year, total dividends of £54,000 (2014 - £40,500) were paid to the directors .

Included in creditors is a directors current account totalling £330,053.

Page 5 continued...
R B GRANT LIMITED (REGISTERED NUMBER: SC450490)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 December 2015

6. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the directors Ronnie Grant and Karen Young.


Page 6
Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
R B Grant Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to six) have
been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of R B Grant Limited for the year ended 31 December 2015 which comprise the Profit and Loss
Account, the Balance Sheet, and the related notes from the company's accounting records and from information and
explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants of Scotland, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.org.uk/accountspreparationguidance.

This report is made solely to the Board of Directors of R B Grant Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of R B Grant Limited and state those matters that we have agreed to state to the Board of Directors of R B Grant Limited, as a body, in this report in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at http://www.icas.org.uk/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that R B Grant Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of R B Grant Limited. You consider that R B Grant Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of R B Grant Limited. 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 statutory financial statements.






Harley Hepburn
28 Townsend Place
Kirkcaldy
Fife
KY1 1HB


14 April 2016

This page does not form part of the abbreviated accounts

Page 7