Abbreviated Company Accounts - YOUSAF & CO. LIMITED

Abbreviated Company Accounts - YOUSAF & CO. LIMITED

YOUSAF & CO. LIMITED - Company Information

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Registered Number SC134001

YOUSAF & CO. LIMITED

Abbreviated Accounts

30 September 2015

YOUSAF & CO. LIMITED Registered Number SC134001

Abbreviated Balance Sheet as at 30 September 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 19,767 20,917
Investments 3 292,861 292,861
312,628 313,778
Current assets
Debtors 4 218,077 200,582
Cash at bank and in hand 272,118 247,113
490,195 447,695
Creditors: amounts falling due within one year 5 (45,831) (54,840)
Net current assets (liabilities) 444,364 392,855
Total assets less current liabilities 756,992 706,633
Creditors: amounts falling due after more than one year 5 (73,166) (86,636)
Total net assets (liabilities) 683,826 619,997
Capital and reserves
Called up share capital 500 500
Profit and loss account 683,326 619,497
Shareholders' funds 683,826 619,997
  • For the year ending 30 September 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 23 June 2016

And signed on their behalf by:
MR MUZAFFAR HUSSAIN YOUSAF, Director

YOUSAF & CO. LIMITED Registered Number SC134001

Notes to the Abbreviated Accounts for the period ended 30 September 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
IS INCLUDING VAT AND ALL WITHIN UK.

Tangible assets depreciation policy
ASSETS ARE DEPRECIATED AT 10% REDUCING BALANCE.

2Tangible fixed assets
£
Cost
At 1 October 2014 97,820
Additions 968
Disposals -
Revaluations -
Transfers -
At 30 September 2015 98,788
Depreciation
At 1 October 2014 76,903
Charge for the year 2,118
On disposals -
At 30 September 2015 79,021
Net book values
At 30 September 2015 19,767
At 30 September 2014 20,917

3Fixed assets Investments
1 BRAND STREET.GLASGOW £31804
17 MARWICK STREET.GLASGOW 28338
37 ALBERT ROAD.GLASGOW 56075
37 McCULLOCH STREET.GLASGOW 70885
188 ALBERT DRIVE.GLASGOW 105759

4Debtors
2015
£		 2014
£
Debtors include the following amounts due after more than one year 7,850 17,850
5Creditors
2015
£		 2014
£
Secured Debts 48,182 64,000