Moray New Sight Ltd. - Abbreviated accounts 16.1

REGISTERED NUMBER: SC222710 (Scotland)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2015

FOR

MORAY NEW SIGHT LTD.

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Dr A Adams

REGISTERED OFFICE:

20/22 Torphichen Street

Edinburgh

Lothian

EH3 8JB

REGISTERED NUMBER:

SC222710 (Scotland)

ACCOUNTANTS:

Acumen Accountants & Advisors Limited

20/22 Torphichen Street

Edinburgh

EH3 8JB

FIXED ASSETS

Tangible assets

2

1,226

1,193

CURRENT ASSETS

Debtors

-

3,040

Cash at bank

6,855

2,171

6,855

5,211

CREDITORS

Amounts falling due within one year

7,149

6,303

NET CURRENT LIABILITIES

(294

)

(1,092

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

932

101

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

832

1

SHAREHOLDERS' FUNDS

932

101

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 17 May 2016 and were signed by:

Dr A Adams - 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 April 2008).

Turnover

Turnover represents net invoiced sales of services, 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 etc

-

25% reducing balance

Deferred tax

Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different

from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences

which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply

when the timing differences reverse, based on current tax rates and laws.

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

to sell the asset.

Deferred tax assets and liabilities are not discounted.

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 September 2014

4,511

Additions

442

At 31 August 2015

4,953

DEPRECIATION

At 1 September 2014

3,318

Charge for year

409

At 31 August 2015

3,727

NET BOOK VALUE

At 31 August 2015

1,226

At 31 August 2014

1,193

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

100

Ordinary

1

100

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2015 and 31 August 2014:

2015

2014

£

Dr A Adams

Balance outstanding at start of year

3,040

-

Amounts advanced

-

3,040

Amounts repaid

(3,040

)

-

Balance outstanding at end of year

-

3,040

The above amount was repaid, in full, within 9 months of the year end.