Gillian Stevenson Mudie Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: SC454186 (Scotland)

Abbreviated Unaudited Accounts

for the Year Ended 31 July 2016

for

Gillian Stevenson Mudie Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mrs G Mudie

REGISTERED OFFICE:

51 Lilyhill Terrace

Edinburgh

EH8 7DR

REGISTERED NUMBER:

SC454186 (Scotland)

ACCOUNTANTS:

SJD Accountancy Scotland

First Floor

31 Palmerston Place

Edinburgh

EH12 5AP

CURRENT ASSETS

Debtors

442

17,670

Cash at bank

57,999

102,948

58,441

120,618

CREDITORS

Amounts falling due within one year

3,240

33,383

NET CURRENT ASSETS

55,201

87,235

TOTAL ASSETS LESS CURRENT LIABILITIES

55,201

87,235

CAPITAL AND RESERVES

Called up share capital

2

10

10

Profit and loss account

55,191

87,225

SHAREHOLDERS' FUNDS

55,201

87,235

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 13 January 2017 and were signed by:

Mrs G Mudie - 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.

DEFERRED TAX

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

balance sheet date.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.16

31.7.15

value:

£

£

10

Ordinary

£1

10

10

3.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES