Affertons Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: SC379889 (Scotland)

Abbreviated Unaudited Accounts

for the Year Ended 30 September 2015

for

Affertons Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

A R Banks

REGISTERED OFFICE:

Earn House

Broxden Business Park

Lamberkin Drive

Perth

PH1 1RA

REGISTERED NUMBER:

SC379889 (Scotland)

ACCOUNTANTS:

Campbell Dallas LLP

Chartered Accountants

4 Atholl Crescent

Perth

Perthshire

PH1 5NG

FIXED ASSETS

Tangible assets

2

68,077

31,672

CURRENT ASSETS

Stocks

2,719

3,277

Debtors

18,195

7,010

Cash at bank and in hand

29,390

25,619

50,304

35,906

CREDITORS

Amounts falling due within one year

39,402

21,153

NET CURRENT ASSETS

10,902

14,753

TOTAL ASSETS LESS CURRENT LIABILITIES

78,979

46,425

CREDITORS

Amounts falling due after more than one year

99,427

78,810

NET LIABILITIES

(20,448

)

(32,385

)

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

(20,449

)

(32,386

)

SHAREHOLDERS' FUNDS

(20,448

)

(32,385

)

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 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 29 June 2016 and were signed by:

A R Banks - 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 invoiced sales of services and is recognised when the company obtains the right to

consideration.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Tenant improvements

-

10% on cost

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2014

36,658

Additions

41,938

At 30 September 2015

78,596

DEPRECIATION

At 1 October 2014

4,986

Charge for year

5,533

At 30 September 2015

10,519

NET BOOK VALUE

At 30 September 2015

68,077

At 30 September 2014

31,672

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

1

Ordinary

£1

1

1

4.	ULTIMATE CONTROLLING PARTY

The controlling party is A R Banks.

5.	GOING CONCERN