Ceilidh Places Ltd - Limited company - abbreviated

REGISTERED NUMBER: SC164338 (Scotland)

Abbreviated Accounts for the Year Ended 30 April 2014

for

Ceilidh Places Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mrs J Urquhart

Miss A M Urquhart

A H Morris C A

SECRETARY:

Mrs J Urquhart

REGISTERED OFFICE:

4 West Lane

Ullapool

Wester Ross

IV26 2TY

REGISTERED NUMBER:

SC164338 (Scotland)

ACCOUNTANTS:

Highland Accountancy Practice

Chartered Accountants

Suite 1A, Willow House

Stoneyfield Business Park

Inverness

Highland

IV2 7PA

FIXED ASSETS

Tangible assets

2

270,806

272,675

CURRENT ASSETS

Stocks

40,387

36,535

Debtors

8,697

1,890

Cash in hand

7,168

10,216

56,252

48,641

CREDITORS

Amounts falling due within one year

3

205,819

228,107

NET CURRENT LIABILITIES

(149,567

)

(179,466

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

121,239

93,209

CREDITORS

Amounts falling due after more than one
year

3

(190,451

)

(210,628

)

PROVISIONS FOR LIABILITIES

(6,659

)

-

NET LIABILITIES

(75,871

)

(117,419

)

CAPITAL AND RESERVES

Called up share capital

4

30,002

Profit and Loss Account

(105,873

)

(147,421

)

SHAREHOLDERS' FUNDS

(75,871

)

(117,419

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2014 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 16 October 2014 and were signed on its behalf by:

Mrs J Urquhart - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

As at 30 April 2014 the company's liabilities exceeded its assets by £75,871 (2013 - £117,419). The company is

dependant on the financial support of its director, Mrs J Urquhart, who is owed £203,942 as at the year end. Mrs

Urquhart has agreed to forego repayment of the loan indefinitely, and for this reason the accounts have been

prepared on the going concern basis.

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 April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of service contracts

where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets

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

Freehold Property

-

2% on cost

Improvements to Property

-

10% on cost

Fixtures and Fittings

-

15% on cost

Motor Vehicles

-

25% on cost

Computer Equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2013

705,949

Additions

18,891

At 30 April 2014

724,840

DEPRECIATION

At 1 May 2013

433,274

Charge for year

20,760

At 30 April 2014

454,034

NET BOOK VALUE

At 30 April 2014

270,806

At 30 April 2013

272,675

3.

CREDITORS

Creditors include an amount of £ 78,583 (30.4.13 - £ 131,766 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.14

30.4.13

value:

£

30,002

Ordinary Shares

£1

30,002

Ceilidh Places Ltd - Limited company - abbreviated - 11.0.0

Ceilidh Places Ltd - Limited company - abbreviated - 11.0.0