Loch Ness Water Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: SC503969 (Scotland)

Abbreviated Unaudited Accounts

for the Period 22 April 2015 to 30 April 2016

for

Loch Ness Water Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

J P Oag

REGISTERED OFFICE:

Beinn Bhurie

Hillpark Brae

Munlochy

Ross-shire

IV8 8PL

REGISTERED NUMBER:

SC503969 (Scotland)

ACCOUNTANTS:

Mackay & Co

Chartered Accountants

Main Street

Golspie

Sutherland

KW10 6RH

FIXED ASSETS

Tangible assets

2

10,715

CURRENT ASSETS

Stocks

8,537

Debtors

7,130

Cash at bank

4,469

20,136

CREDITORS

Amounts falling due within one year

28,731

NET CURRENT LIABILITIES

(8,595

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,120

CREDITORS

Amounts falling due after more than
one year

79,640

NET LIABILITIES

(77,520

)

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

(77,522

)

SHAREHOLDERS' FUNDS

(77,520

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 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 12 January 2017 and were signed by:

J P Oag - 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.

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 etc

-

25% on cost and 20% on reducing balance

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.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

13,449

At 30 April 2016

13,449

DEPRECIATION

Charge for period

2,734

At 30 April 2016

2,734

NET BOOK VALUE

At 30 April 2016

10,715

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

1

ORDINARY A

£1

1

ORDINARY B

£1

1

2

The following shares were allotted and fully paid for cash at par during the period:

1 ORDINARY A shares of £1 each

1 ORDINARY B shares of £1 each

On 16th February 2016 a written resolution was passed whereby:

1: the 100 ordinary shares of 1p in the capital of the company registered in the name of

John Oag be consolidated and redesignated as one A Share of £1

2: the share capital of the company was increased from £1 to £2 by the creation of one B

Share of £1 in addition to the one A Share of £1 referred to above.

3: new articles of association were adopted.