George Nicol (Kitchens & Bathrooms ) Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: SC244095 (Scotland)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2016

FOR

GEORGE NICOL (KITCHENS & BATHROOMS)

LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

G Nicol

SECRETARY:

S A Nicol

REGISTERED OFFICE:

65 Moss Street

Keith

Banffshire

AB55 5HE

REGISTERED NUMBER:

SC244095 (Scotland)

ACCOUNTANT:

TAXWRIGHT LTD

65 Moss Street

Keith

Banffshire

AB55 5HE

CURRENT ASSETS

Stocks

1,000

Debtors

45,208

19,080

Cash at bank

16

15,368

46,224

35,448

CREDITORS

Amounts falling due within one year

45,270

34,071

NET CURRENT ASSETS

954

1,377

TOTAL ASSETS LESS CURRENT
LIABILITIES

954

1,377

CAPITAL AND RESERVES

Called up share capital

2

100

Profit and loss account

854

1,277

SHAREHOLDERS' FUNDS

954

1,377

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 his 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 23 December 2016 and were signed by:

G Nicol - 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 sales of goods, excluding value added tax.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

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

sheet date.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/16

31/3/15

value:

£

100

Ordinary

£1

100