Aberdeen Angels Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: SC490531 (Scotland)

Abbreviated Accounts for the Year Ended 31 March 2016

for

Aberdeen Angels Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mrs A F Muirhead

REGISTERED OFFICE:

Office 14

Broadfold Business Centre

Bridge of Don

Aberdeen

AB23 8EE

REGISTERED NUMBER:

SC490531 (Scotland)

ACCOUNTANTS:

Michael Robb (Accountancy & Taxation Services) Ltd

Kirkton Cottage

Wellington Road

Aberdeen

AB12 3JB

FIXED ASSETS

Tangible assets

2

32,426

14,735

CURRENT ASSETS

Debtors

43,138

47,611

Cash at bank and in hand

28,390

12,271

71,528

59,882

CREDITORS

Amounts falling due within one year

55,785

48,142

NET CURRENT ASSETS

15,743

11,740

TOTAL ASSETS LESS CURRENT
LIABILITIES

48,169

26,475

CREDITORS

Amounts falling due after more than one
year

(17,925

)

(10,802

)

PROVISIONS FOR LIABILITIES

(5,044

)

(1,213

)

NET ASSETS

25,200

14,460

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

25,199

14,459

SHAREHOLDERS' FUNDS

25,200

14,460

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 20 October 2016 and were signed by:

Mrs A F Muirhead - 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

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.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

15,541

Additions

27,100

At 31 March 2016

42,641

DEPRECIATION

At 1 April 2015

806

Charge for year

9,409

At 31 March 2016

10,215

NET BOOK VALUE

At 31 March 2016

32,426

At 31 March 2015

14,735

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

1

Ordinary

£1.00

1

4.	RELATED PARTY DISCLOSURES

During the year, total dividends of £21,500 were paid to the director .

Mrs A F Muirhead

A company in which Mrs Muirhead is a shareholder.

31.3.16

31.3.15

£

Amount due to related party at the balance sheet date

20,789

-