Francis Campbell Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: SC334461 (Scotland)

Abbreviated Unaudited Accounts for the Year Ended 30 November 2015

for

Francis Campbell Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

A C Astley-Jones

Mrs M C Younger

SECRETARY:

Mrs M C Younger

REGISTERED OFFICE:

Traprain Cottage

7 Traprain

Haddington

East Lothian

EH41 4PY

REGISTERED NUMBER:

SC334461 (Scotland)

ACCOUNTANT:

Alan Carmichael C.A.

2 Stamperland Hill

Clarkston

Glasgow

G76 8AE

FIXED ASSETS

Intangible assets

2

10,400

13,000

Tangible assets

3

20,391

14,270

30,791

27,270

CURRENT ASSETS

Debtors

5,244

3,955

Cash at bank

28,310

34,752

33,554

38,707

CREDITORS

Amounts falling due within one year

49,724

50,526

NET CURRENT LIABILITIES

(16,170

)

(11,819

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

14,621

15,451

CREDITORS

Amounts falling due after more than one year

(1,401

)

(2,578

)

PROVISIONS FOR LIABILITIES

(4,078

)

(1,050

)

NET ASSETS

9,142

11,823

CAPITAL AND RESERVES

Called up share capital

4

2

Profit and loss account

9,140

11,821

SHAREHOLDERS' FUNDS

9,142

11,823

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 26 July 2016 and were signed on its behalf by:

Mrs M C Younger - 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).

Exemption from preparing a cash flow statement

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

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

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 December 2014

and 30 November 2015

32,500

AMORTISATION

At 1 December 2014

19,500

Amortisation for year

2,600

At 30 November 2015

22,100

NET BOOK VALUE

At 30 November 2015

10,400

At 30 November 2014

13,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2014

26,352

Additions

10,436

At 30 November 2015

36,788

DEPRECIATION

At 1 December 2014

12,082

Charge for year

4,315

At 30 November 2015

16,397

NET BOOK VALUE

At 30 November 2015

20,391

At 30 November 2014

14,270

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

2

Ordinary

1

2