Linn-Tech Scotland Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: SC142805 (Scotland)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2015

FOR

LINN-TECH SCOTLAND LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

D S Whiting

K Hogg

J Burns

T O'Neill

A Robertson

SECRETARY:

T O'Neill

REGISTERED OFFICE:

Linn House

9 Drovers Road

East Mains Industrial Estate

Broxburn

West Lothian

EH52 5ND

REGISTERED NUMBER:

SC142805 (Scotland)

ACCOUNTANTS:

Cliffe Catterall Limited

21 Dick Place

Edinburgh

EH9 2JU

FIXED ASSETS

Tangible assets

2

311,804

140,562

CURRENT ASSETS

Stocks

94,085

180,569

Debtors

3

1,981,398

1,303,600

Cash at bank

467,913

712,141

2,543,396

2,196,310

CREDITORS

Amounts falling due within one year

(1,548,514

)

(1,161,249

)

NET CURRENT ASSETS

994,882

1,035,061

TOTAL ASSETS LESS CURRENT LIABILITIES

1,306,686

1,175,623

CREDITORS

Amounts falling due after more than one year

(81,273

)

(10,603

)

PROVISIONS FOR LIABILITIES

(46,257

)

(11,224

)

NET ASSETS

1,179,156

1,153,796

CAPITAL AND RESERVES

Called up share capital

4

1,000

1,000

Profit and loss account

1,178,156

1,152,796

SHAREHOLDERS' FUNDS

1,179,156

1,153,796

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 28 April 2016 and were signed on its behalf by:

K Hogg - 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 is the total amount receivable by the company for goods supplied and services provided, excluding VAT.

Tangible fixed assets

Depreciation is calculated to write down the cost of all tangible fixed assets by equal instalments over their expected

useful lives. The rates applicable are :-

Plant and machinery 12.5%, 20% and 25%

Long term contracts

Contracts are generally regarded as long term. The attributable profit on these contracts is recognised once their

outcome can be assessed with reasonable certainty. The profit recognised reflects the proportion of the work completed

to date on the project.

Costs associated with long term contracts are included in the work in progress to the extent that they cannot be matched

with contract work accounted for as turnover. Long term contracts balances included in work in progress are stated at

cost, after provision has been made for any foreseeable losses and the deduction of applicable payments on account.

Full provision is made for losses on all contracts in the year in which the loss is first foreseen.

Stocks are stated at the lower of cost and net realisable value.

Deferred tax

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

date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. These assets are

depreciated over their estimated useful lives.

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.

The rentals on operating leases are charged to the profit and loss account on a straight line basis over the lease terms.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2014

409,007

Additions

221,788

Disposals

(88,587

)

At 30 September 2015

542,208

DEPRECIATION

At 1 October 2014

268,445

Charge for year

46,164

Eliminated on disposal

(84,205

)

At 30 September 2015

230,404

NET BOOK VALUE

At 30 September 2015

311,804

At 30 September 2014

140,562

3.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

The aggregate total of debtors falling due after more than one year is £ 77,605 (2014 - £ 64,224 )

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

1,000

Ordinary

£1

1,000

1,000

5.	ULTIMATE PARENT COMPANY

The company's ultimate parent company and controlling party is L.T. Aluminium Group Ltd which is incorporated in

Scotland.

6.	LOANS TO DIRECTORS

Amounts due from directors on an interest free basis at the balance sheet date were £53,000 (2014 £nil). These amounts

were fully repaid by 30 November 2015.