Check-It Holdings (Scotland) Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: SC373653 (Scotland)

Abbreviated Accounts

for the Year Ended 31 March 2016

for

Check-It Holdings (Scotland) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J Austin

Mrs H Austin

REGISTERED OFFICE:

61 James Watt Place

College Milton

East Kilbride

Glasgow

G74 5HG

REGISTERED NUMBER:

SC373653 (Scotland)

ACCOUNTANTS:

O'Haras Chartered Accountants

Radleigh House

1 Golf Road

Clarkston

Glasgow

G76 7HU

FIXED ASSETS

Intangible assets

2

204,000

225,000

Tangible assets

3

52,936

65,382

256,936

290,382

CURRENT ASSETS

Debtors

452,883

429,565

Cash at bank

3,852

4,783

456,735

434,348

CREDITORS

Amounts falling due within one year

8,496

70,069

NET CURRENT ASSETS

448,239

364,279

TOTAL ASSETS LESS CURRENT
LIABILITIES

705,175

654,661

PROVISIONS FOR LIABILITIES

7,062

8,577

NET ASSETS

698,113

646,084

CAPITAL AND RESERVES

Called up share capital

4

200

Profit and loss account

697,913

645,884

SHAREHOLDERS' FUNDS

698,113

646,084

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 30 November 2016 and were signed on its behalf
by:

J Austin - 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).

Revenue

Turnover represents the amounts derived from the provision of goods and services, excluding value added tax

and trade discounts.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of twenty years.

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

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

285,000

AMORTISATION

At 1 April 2015

60,000

Amortisation for year

21,000

At 31 March 2016

81,000

NET BOOK VALUE

At 31 March 2016

204,000

At 31 March 2015

225,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

123,160

Disposals

(2,236

)

At 31 March 2016

120,924

DEPRECIATION

At 1 April 2015

57,778

Charge for year

11,503

Eliminated on disposal

(1,293

)

At 31 March 2016

67,988

NET BOOK VALUE

At 31 March 2016

52,936

At 31 March 2015

65,382

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

200

Ordinary

£1

200