Robinsons Self Drive Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: SC101570 (Scotland)

Abbreviated Unaudited Accounts

for the Year Ended 31 December 2015

for

Robinsons Self Drive Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr A Robinson

SECRETARY:

Mrs N A Robinson

REGISTERED OFFICE:

22 Baronhill

Main Street

The Village

Cumbernauld

Glasgow

G67 2SB

REGISTERED NUMBER:

SC101570 (Scotland)

ACCOUNTANTS:

Campbell Dallas LLP

Chartered Accountants

15 Gladstone Place

Stirling

FK8 2NN

BANKERS:

Bank of Scotland

110 Queen Street

Glasgow

Lanarkshire

G1 3BY

SOLICITORS:

Kerr Stirling LLP

10 Albert Place

Stirling

FK8 2QL

CURRENT ASSETS

Debtors

907,239

820,825

Cash at bank

5,589

83,947

912,828

904,772

CREDITORS

Amounts falling due within one year

83,500

102,467

NET CURRENT ASSETS

829,328

802,305

TOTAL ASSETS LESS CURRENT LIABILITIES

829,328

802,305

CAPITAL AND RESERVES

Called up share capital

2

1,000

1,000

Profit and loss account

828,328

801,305

SHAREHOLDERS' FUNDS

829,328

802,305

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 23 September 2016 and were signed by:

Mr A Robinson - 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 consists of the sales value, excluding VAT, of work in the period under contracts to supply

services to third parties. It includes the relevant proportion of contract value for performance up to

the period end.

Hire purchase and leasing commitments

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

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those

held under finance leases are depreciated over their estimated useful lives or the lease term,

whichever is the shorter.

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.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

1,000

Ordinary

1.00

1,000

1,000

3.	RELATED PARTY DISCLOSURES

Robinson Hire Drive Limited

During the year the related party re-charged motor vehicle insurance costs in the sum of £Nil (2014:

£15,913) to the company.

R&R Properties (Falkirk) Limited

During the year an additional advance of £50,000 was made in relation to the brought forward loan

balance owed by the related party.

Interest is periodically charged at variable rates on the outstanding balance at the discretion of the

directors. During the year interest in the sum of £36,914 was charged (2014: £31,875).

There is no fixed terms of repayment in relation to this loan.

2015

2014

£

£

Amount due from related party at the balance sheet date

907,239

820,325

Mrs N Robinson

Company secretary and a spouse of a director.

During the year the sum of £Nil was paid to related party for rental of the company premises (2014:

£3,000).

Mr A Robinson

During the year the director withdrew funds from the company totalling £12,000 (2014:£11,499).

2015

2014

£

£

Amount due to related party at the balance sheet date

74,099

86,099

4.	ULTIMATE CONTROLLING PARTY