Articfern Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: SC156281 (Scotland)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

ARTICFERN LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

to

4

DIRECTOR:

Mrs I R Dunn

SECRETARY:

G A Dunn

REGISTERED OFFICE:

Cobrigdale

Oyne

Insch

Aberdeenshire

AB52 6QN

REGISTERED NUMBER:

SC156281 (Scotland)

ACCOUNTANTS:

Bain Henry Reid

51-53 High Street

Turriff

AB53 4EJ

FIXED ASSETS

Tangible assets

2

295

615

Investments

3

10,000

10,295

10,615

CURRENT ASSETS

Debtors

28,548

81,306

Investments

10,318

Cash at bank

12,510

22,527

51,376

114,151

CREDITORS

Amounts falling due within one year

(9,350

)

(27,594

)

NET CURRENT ASSETS

42,026

86,557

TOTAL ASSETS LESS CURRENT
LIABILITIES

52,321

97,172

CAPITAL AND RESERVES

Called up share capital

4

2

Profit and loss account

52,319

97,170

SHAREHOLDERS' FUNDS

52,321

97,172

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 16 December 2016 and were signed by:

Mrs I R Dunn - 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 sale of services and amounts receivable under service contracts 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.

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

Deferred tax

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

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

16,304

DEPRECIATION

At 1 April 2015

15,689

Charge for year

320

At 31 March 2016

16,009

NET BOOK VALUE

At 31 March 2016

295

At 31 March 2015

615

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 April 2015

and 31 March 2016

10,000

NET BOOK VALUE

At 31 March 2016

10,000

At 31 March 2015

10,000

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

2

Ordinary

£1

2

5.	DIRECTOR'S LOAN

Details of directors loan transactions and the year end balance are as follows:

2016

2015

£

Mrs I Gunn:

Amount due to directors at 31st March 2015

(65,044

)

(85,237

)

Received from director during year

72,272

47,812

Paid to director during year

(3,808

)

(27,619

)

Amount due to director as at 31st March 2016

3,420

(65,044

)

The loan is interest free and there are no fixed terms of repayment.