RALPH_A._OGG_AND_PARTNERS - Accounts

RALPH A. OGG AND PARTNERS LIMITED - Company Information

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Company Registration No. SC315199 (Scotland)

RALPH A. OGG AND PARTNERS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

RALPH A. OGG AND PARTNERS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

RALPH A. OGG AND PARTNERS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

6,841

Current assets

Debtors

189,042

229,163

Cash at bank and in hand

271

277

189,313

229,440

Creditors: amounts falling due within one year

(177,799)

(192,547)

Net current assets

11,514

36,893

Total assets less current liabilities

18,355

36,893

Capital and reserves

Called up share capital

110

Profit and loss account

18,245

36,783

Shareholders' funds

18,355

36,893

For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 21 December 2016

Mr A Simpson

Director

Company Registration No. SC315199

RALPH A. OGG AND PARTNERS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Turnover

Turnover represents the company's share of profits of the partnership of RA Ogg & Partners.

1.3

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment

25% straight line

Fixtures, fittings & equipment

25% straight line

1.4

Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

1.5

Deferred taxation

Deferred tax is provided in full on timing differences which result in an obligation at the balance sheet date to pay more tax, or right to pay less tax, at a future date, at rates expected to apply when they crystallise based on current tax rates and law. Timing differences arise from inclusion of items of income and expenditure in taxation computations in periods different from those in which they are included in the financial statements. Deferred tax assets are recognised to the extent that it is regarded as more likely than not they will be recovered. Deferred tax assets and liabilities are not discounted.

Fixed assets

Tangible assets

Cost

At 1 April 2015

2,000

Additions

9,121

At 31 March 2016

11,121

Depreciation

At 1 April 2015

2,000

Charge for the year

2,280

At 31 March 2016

4,280

Net book value

At 31 March 2016

6,841

RALPH A. OGG AND PARTNERS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

Share capital

2016

2015

Allotted, called up and fully paid

100 "A" Ordinary Shares of £1 each

100

10 "B" Ordinary Shares of £1 each

110