The Equestrian Centre Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: SC456352 (Scotland)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2015

FOR

THE EQUESTRIAN CENTRE LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

R H Morris

REGISTERED OFFICE:

89 Southcroft Road

Glasgow

G73 1UG

REGISTERED NUMBER:

SC456352 (Scotland)

ACCOUNTANTS:

Bannerman Johnstone Maclay

213 St Vincent Street

Glasgow

G2 5QY

FIXED ASSETS

Tangible assets

2

852,980

886,506

CURRENT ASSETS

Stocks

2,000

Debtors

267,998

43,448

Cash at bank and in hand

-

2,233

269,998

47,681

CREDITORS

Amounts falling due within one year

1,634,593

1,254,255

NET CURRENT LIABILITIES

(1,364,595

)

(1,206,574

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(511,615

)

(320,068

)

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

(511,616

)

(320,069

)

SHAREHOLDERS' FUNDS

(511,615

)

(320,068

)

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 31 May 2016 and were signed by:

R H Morris - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on a going concern basis due to the continued support offered by

the company's director.

Accounting convention

The financial statements have been prepared under the historical cost convention.

Financial reporting standard number 1

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a

small company.

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.

Land and buildings

-

2% on cost

Plant and machinery etc

-

33% on cost, 25% on reducing balance, 20% on cost and 10% 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.

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2014

924,514

Additions

12,911

At 31 August 2015

937,425

DEPRECIATION

At 1 September 2014

38,008

Charge for year

46,437

At 31 August 2015

84,445

NET BOOK VALUE

At 31 August 2015

852,980

At 31 August 2014

886,506

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

1

Ordinary

£1

1

4.

CONTROL

The company is under control of the sole director.