Crimond Track Shop Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: SC245258 (Scotland)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2016

for

Crimond Track Shop Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

J A Riddell

R W MacDonald

REGISTERED OFFICE:

Glebefield House

21 Links Terrace

Peterhead

Aberdeenshire

AB42 2XA

REGISTERED NUMBER:

SC245258 (Scotland)

ACCOUNTANTS:

SBP

Accountants

Glebefield House

21 Links Terrace

Peterhead

Aberdeenshire

AB42 2XA

FIXED ASSETS

Tangible assets

2

2,006

127

CURRENT ASSETS

Stocks

4,924

6,792

Debtors

693

-

Cash at bank and in hand

3,900

2,132

9,517

8,924

CREDITORS

Amounts falling due within one year

3,607

3,595

NET CURRENT ASSETS

5,910

5,329

TOTAL ASSETS LESS CURRENT
LIABILITIES

7,916

5,456

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

7,914

5,454

SHAREHOLDERS' FUNDS

7,916

5,456

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 December 2016 and were signed on its behalf
by:

R W MacDonald - 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 amounts receivable for goods provided in the normal course of business. Revenue is

recognised to the extent that it is probable that economic benefit will flow to the company and when its value can

be measured with a sufficient degree of certainty and reliability. All income is recognised in the accounting

period to which it relates. The company is not registered for VAT.

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 cost

Transponders

-

20% 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

15,638

Additions

2,508

At 31 March 2016

18,146

DEPRECIATION

At 1 April 2015

15,511

Charge for year

629

At 31 March 2016

16,140

NET BOOK VALUE

At 31 March 2016

2,006

At 31 March 2015

127

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

2

Ordinary

1

2