Heriot Services Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: SC163517 (Scotland)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2016

FOR

HERIOT SERVICES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

V Lall

SECRETARY:

Mrs C Lall

REGISTERED OFFICE:

Newmains House

Drem

North Berwick

East Lothian

EH39 5BL

REGISTERED NUMBER:

SC163517 (Scotland)

ACCOUNTANTS:

Whitelaw Wells

Glenorchy

15 Glenorchy Road

North Berwick

East Lothian

EH39 4PE

BANKERS:

Adam & Co

22 Charlotte Square

Edinburgh

EH2 4DF

SOLICITORS:

Shepherd & Wedderburn WS

Saltire Court

20 Castle Terrace

Edinburgh

EH1 2ET

FIXED ASSETS

Tangible assets

2

2,237

2,054

Investments

3

21,034

21,034

23,271

23,088

CURRENT ASSETS

Debtors

13,150

15,972

Cash at bank

207,227

199,418

220,377

215,390

CREDITORS

Amounts falling due within one year

3,586

4,630

NET CURRENT ASSETS

216,791

210,760

TOTAL ASSETS LESS CURRENT LIABILITIES

240,062

233,848

CAPITAL AND RESERVES

Called up share capital

4

2

2

Profit and loss account

240,060

233,846

SHAREHOLDERS' FUNDS

240,062

233,848

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 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 22 November 2016 and were signed by:

V Lall - 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 and revenue recognition

Turnover comprises the fair value of consultancy services provided.

Revenue from consultancy is recognised when the service has been provided and all obligations to the customers

under the consulting agreement have been fulfilled.

Tangible fixed assets

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

Office equipment

-

20% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

32,015

Additions

1,807

At 31 March 2016

33,822

DEPRECIATION

At 1 April 2015

29,961

Charge for year

1,624

At 31 March 2016

31,585

NET BOOK VALUE

At 31 March 2016

2,237

At 31 March 2015

2,054

3.	FIXED ASSET INVESTMENTS

2014

2013

At cost

At cost

£

£

Investment in a private limited company

1 Ordinary share of £1 in New Silvermills Car Park Company Ltd

8,562

8,562

5,597,835 Ordinary shares of £0.001 in Volo Holdings Ltd

12,472

12,472

21,034

21,034

The Director is of the opinion that the market value of the investments in New Silvermills Car Park Company Ltd

and Volo Holdings Ltd are, taken as a whole, at least equal to their cost values.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

2

Ordinary

£1

2

2

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES