J&E Caskie Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: SC400530 (Scotland)

Abbreviated Unaudited Accounts for the Year Ended 30 September 2015

for

J&E Caskie Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

E Caskie

Miss J McIntosh

REGISTERED OFFICE:

Mayeswood

Park Road

Kilmacolm

PA13 4EE

REGISTERED NUMBER:

SC400530 (Scotland)

ACCOUNTANTS:

McDougall Johnstone

234 West George Street

Glasgow

G2 4QY

FIXED ASSETS

Intangible assets

2

11,014

22,027

Tangible assets

3

21,541

24,723

32,555

46,750

CURRENT ASSETS

Stocks

1,360

1,500

Debtors

-

2,139

Cash at bank and in hand

56,034

29,755

57,394

33,394

CREDITORS

Amounts falling due within one year

(50,236

)

(46,565

)

NET CURRENT ASSETS/(LIABILITIES)

7,158

(13,171

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

39,713

33,579

PROVISIONS FOR LIABILITIES

(2,419

)

(2,723

)

NET ASSETS

37,294

30,856

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

37,194

30,756

SHAREHOLDERS' FUNDS

37,294

30,856

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 27 June 2016 and were signed on its behalf by:

Miss J McIntosh - 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 January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

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

Improvements to property

-

15% on reducing balance

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

33% 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.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2014

and 30 September 2015

55,068

AMORTISATION

At 1 October 2014

33,041

Amortisation for year

11,013

At 30 September 2015

44,054

NET BOOK VALUE

At 30 September 2015

11,014

At 30 September 2014

22,027

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2014

46,169

Additions

2,244

At 30 September 2015

48,413

DEPRECIATION

At 1 October 2014

21,446

Charge for year

5,426

At 30 September 2015

26,872

NET BOOK VALUE

At 30 September 2015

21,541

At 30 September 2014

24,723

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

100

Ordinary

£1

100

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2015 and

30 September 2014:

2015

2014

£

Miss J McIntosh

Balance outstanding at start of year

2,138

(2,868

)

Amounts advanced

29,049

37,296

Amounts repaid

(32,290

)

(32,290

)

Balance outstanding at end of year

(1,103

)

2,138

During the year a total of £30,000 of dividends were paid to the director, J McIntosh.