Black & Whyte Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: SC377276 (Scotland)

Abbreviated Accounts for the Year Ended 30 April 2016

for

Black & Whyte Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

H M Black

Mrs S M Whyte

REGISTERED OFFICE:

19 Bon Accord Crescent

Aberdeen

AB11 6DE

REGISTERED NUMBER:

SC377276 (Scotland)

ACCOUNTANTS:

A J Croll & Company

19 Bon Accord Crescent

Aberdeen

Aberdeenshire

AB11 6DE

FIXED ASSETS

Tangible assets

2

168,887

172,596

CURRENT ASSETS

Debtors

1,750

1,750

Cash at bank

1,891

3,856

3,641

5,606

CREDITORS

Amounts falling due within one year

3

22,812

96,671

NET CURRENT LIABILITIES

(19,171

)

(91,065

)

TOTAL ASSETS LESS CURRENT LIABILITIES

149,716

81,531

CREDITORS

Amounts falling due after more than one year

3

141,993

71,186

NET ASSETS

7,723

10,345

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

7,623

10,245

SHAREHOLDERS' FUNDS

7,723

10,345

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 16 January 2017 and were signed on its behalf by:

H M Black - Director

Mrs S M Whyte - 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 services, 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.

Freehold property

-

2% on cost

Improvements to property

-

10% on cost

Fixtures and fittings

-

20% on cost

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

At 1 May 2015

197,876

Additions

1,544

At 30 April 2016

199,420

DEPRECIATION

At 1 May 2015

25,280

Charge for year

5,253

At 30 April 2016

30,533

NET BOOK VALUE

At 30 April 2016

168,887

At 30 April 2015

172,596

3.

CREDITORS

Creditors include an amount of £ 156,881 for which security has been given.

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

30.4.16

30.4.15

£

£

Repayable by instalments

67,553

33,836

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.16

30.4.15

value:

£

£

100

Ordinary

£1

100

100