Secret Enterprises Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: SC166684 (Scotland)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2016

for

Secret Enterprises Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

L V McLaughlan

J E Bax

SECRETARY:

J E Bax

REGISTERED OFFICE:

Druimuan House

Killiecrankie

Pitlochry

Perthshire

PH16 5LG

REGISTERED NUMBER:

SC166684 (Scotland)

ACCOUNTANTS:

A H & Co Ltd

Chartered Accountants

6 Logie Mill

Edinburgh

Lothian

EH7 4HG

BANKERS:

Adam & Company plc

25 St. Andrew Square

Edinburgh

EH2 1AF

FIXED ASSETS

Tangible assets

2

412

839

Investments

3

10,000

-

10,412

839

CURRENT ASSETS

Stocks

-

10,000

Debtors

912

868

Cash at bank and in hand

4,868

6,820

5,780

17,688

CREDITORS

Amounts falling due within one year

15,192

14,789

NET CURRENT (LIABILITIES)/ASSETS

(9,412

)

2,899

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,000

3,738

PROVISIONS FOR LIABILITIES

-

168

NET ASSETS

1,000

3,570

CAPITAL AND RESERVES

Called up share capital

4

1,000

Profit and loss account

-

2,570

SHAREHOLDERS' FUNDS

1,000

3,570

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 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 1 December 2016 and were signed on its behalf
by:

L V McLaughlan - 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 the sale of investments and property arrangement fees. The company is not registered for

VAT.

Tangible fixed assets

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

Fixtures and fittings

-

15% on cost

Computer equipment

-

25% on cost

Stocks

Stock is valued at the lower of cost and market value.

Deferred tax

Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods

different from those in which they are included in the company's accounts. Deferred tax is provided in full on

timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates

that are expected to apply when the timing differences reverse, based on current tax rates and laws.

Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no

commitment to sell the asset.

Deferred tax assets and liabilities are not discounted.

Foreign currency transactions

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of

exchange prevailing at the accounting date. Transactions in foreign currencies are recorded at the date of the

transactions. All differences are taken to the profit and loss account.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

3,749

DEPRECIATION

At 1 April 2015

2,910

Charge for year

427

At 31 March 2016

3,337

NET BOOK VALUE

At 31 March 2016

412

At 31 March 2015

839

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

Additions

10,000

At 31 March 2016

10,000

NET BOOK VALUE

At 31 March 2016

10,000

4.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

1,000

Ordinary

£1

1,000

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 31st March 2016 the company owed the directors £7,383 (2015: £6,187).