R S Henderson Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: SC228534 (Scotland)

Abbreviated Unaudited Accounts for the Year Ended 31 May 2016

for

R S Henderson Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

S D Henderson

T M Henderson

SECRETARY:

T M Henderson

REGISTERED OFFICE:

Cullivoe

Yell

Shetland

ZE2 9DD

REGISTERED NUMBER:

SC228534 (Scotland)

ACCOUNTANTS:

Bon Accord Accountancy Limited

2 North Ness Business Park

Lerwick

Shetland

ZE1 0LZ

FIXED ASSETS

Tangible assets

2

1,573,637

1,488,032

Investments

3

10,000

1,583,637

1,498,032

CURRENT ASSETS

Stocks

39,445

27,316

Debtors

991,746

875,181

Cash at bank

334,369

246,434

1,365,560

1,148,931

CREDITORS

Amounts falling due within one year

568,016

539,381

NET CURRENT ASSETS

797,544

609,550

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,381,181

2,107,582

CREDITORS

Amounts falling due after more than one
year

4

(419,006

)

(509,669

)

PROVISIONS FOR LIABILITIES

(140,240

)

(99,274

)

NET ASSETS

1,821,935

1,498,639

CAPITAL AND RESERVES

Called up share capital

5

2

Profit and loss account

1,821,933

1,498,637

SHAREHOLDERS' FUNDS

1,821,935

1,498,639

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 4 November 2016 and were signed on its behalf
by:

S D Henderson - Director

T M Henderson - 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.

Plant and machinery

-

20% on reducing balance

Computer equipment

-

33% 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.

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 June 2015

2,701,668

Additions

457,704

Disposals

(122,740

)

At 31 May 2016

3,036,632

DEPRECIATION

At 1 June 2015

1,213,636

Charge for year

319,730

Eliminated on disposal

(70,371

)

At 31 May 2016

1,462,995

NET BOOK VALUE

At 31 May 2016

1,573,637

At 31 May 2015

1,488,032

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 June 2015

and 31 May 2016

10,000

NET BOOK VALUE

At 31 May 2016

10,000

At 31 May 2015

10,000

4.

CREDITORS

Creditors include the following debts falling due in more than five years:

31.5.16

31.5.15

£

Repayable by instalments

65,163

80,434

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.16

31.5.15

value:

£

2

Ordinary

£1

2