David Scott (Blairgowrie) Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: SC168837 (Scotland)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2016

FOR

DAVID SCOTT (BLAIRGOWRIE) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

William Mackay

Margot Mackay

Martin Mackay

Michelle Mackay

SECRETARY:

Margot Mackay

REGISTERED OFFICE:

1 Perth Street

Blairgowrie

Perthshire

PH10 6DQ

REGISTERED NUMBER:

SC168837 (Scotland)

ACCOUNTANTS:

Graham Edwards

Chartered Accountant

& Business Advisers

1 Perth Street

Blairgowrie

Perthshire

PH10 6DQ

BANKERS:

The Royal Bank of Scotland

14 Allan Street

Blairgowrie

Perthshire

PH10 6AD

FIXED ASSETS

Tangible assets

2

117,514

128,323

CURRENT ASSETS

Stocks

4,141

4,419

Debtors

51,373

66,801

Cash at bank and in hand

109,869

75,415

165,383

146,635

CREDITORS

Amounts falling due within one year

3

140,095

131,408

NET CURRENT ASSETS

25,288

15,227

TOTAL ASSETS LESS CURRENT LIABILITIES

142,802

143,550

CREDITORS

Amounts falling due after more than one
year

3

-

(3,083

)

PROVISIONS FOR LIABILITIES

(9,299

)

(7,548

)

NET ASSETS

133,503

132,919

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

133,403

132,819

SHAREHOLDERS' FUNDS

133,503

132,919

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 9 January 2017 and were signed on its
behalf by:

William Mackay - 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

Straight line over 50 years

Improvements to property

-

15% on reducing balance

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

Straight line over 4 years

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held

under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the

shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant

period. The capital element of the future payments is treated as a liability.

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 November 2015

242,573

Additions

23,937

Disposals

(22,235

)

At 31 October 2016

244,275

DEPRECIATION

At 1 November 2015

114,250

Charge for year

20,436

Eliminated on disposal

(7,925

)

At 31 October 2016

126,761

NET BOOK VALUE

At 31 October 2016

117,514

At 31 October 2015

128,323

3.

CREDITORS

The following secured debts are included within creditors:

31.10.16

31.10.15

£

Hire purchase contracts

3,083

15,416

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.16

31.10.15

value:

£

100

Ordinary Shares

£1

100