The Perth Paint Company Ltd - Abbreviated accounts 16.3

The Perth Paint Company Ltd - Abbreviated accounts 16.3


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REGISTERED NUMBER: SC261183 (Scotland)
















Abbreviated Unaudited Accounts

for the Year Ended 31 March 2016

for

The Perth Paint Company Ltd

The Perth Paint Company Ltd (Registered number: SC261183)

Contents of the Abbreviated Accounts
for the Year Ended 31 March 2016

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Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

The Perth Paint Company Ltd

Company Information
for the Year Ended 31 March 2016







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DIRECTORS: E W Bannerman
B H Bannerman





SECRETARY: B H Bannerman





REGISTERED OFFICE: 4 Atholl Crescent
Perth
Perthshire
PH1 5NG





REGISTERED NUMBER: SC261183 (Scotland)





ACCOUNTANTS: Campbell Dallas LLP
Chartered Accountants
4 Atholl Crescent
Perth
Perthshire
PH1 5NG

The Perth Paint Company Ltd (Registered number: SC261183)

Abbreviated Balance Sheet
31 March 2016

2016 2015
Notes £    £   
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CURRENT ASSETS
Debtors 1,401,042 1,317,788
Cash in hand 2 2
1,401,044 1,317,790
CREDITORS
Amounts falling due within one year 21,272 20,585
NET CURRENT ASSETS 1,379,772 1,297,205
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,379,772

1,297,205

CAPITAL AND RESERVES
Called up share capital 2 2 2
Profit and loss account 1,379,770 1,297,203
SHAREHOLDERS' FUNDS 1,379,772 1,297,205

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 20 December 2016 and were signed
on its behalf by:



E W Bannerman - Director


The Perth Paint Company Ltd (Registered number: SC261183)

Notes to the Abbreviated Accounts
for the Year Ended 31 March 2016

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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).

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

Share of partnership profits
The company's business is that of painters and decorators through participation in the partnership of
Bannerman Decorators. Income comprises the interest received on the company's capital account in
the partnership for the period. The book value of its interest in the partnership comprises the balance
standing to its debit/credit in the current account in the accounts of that business.

2. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
2 Ordinary £1 2 2

3. CONTROLLING PARTY

The ultimate controlling parties are B H Bannerman and E W Bannerman.