Scott - Drummond Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 01317360 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 September 2016

for

Scott - Drummond Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

S King

J King

SECRETARY:

S King

REGISTERED OFFICE:

Citygrove Trading Estate

Woodside Road

Eastleigh

Hampshire

SO50 4ET

REGISTERED NUMBER:

01317360 (England and Wales)

ACCOUNTANTS:

Johnston Wood Roach Limited

24 Picton House

Hussar Court

Waterlooville

Hampshire

PO7 7SQ

FIXED ASSETS

Tangible assets

2

134,085

131,782

Investments

3

100

134,185

131,882

CURRENT ASSETS

Stocks

239,823

258,877

Debtors

193,154

154,334

Cash at bank and in hand

172,613

243,094

605,590

656,305

CREDITORS

Amounts falling due within one year

431,879

426,215

NET CURRENT ASSETS

173,711

230,090

TOTAL ASSETS LESS CURRENT
LIABILITIES

307,896

361,972

CREDITORS

Amounts falling due after more than one
year

(15,472

)

(29,352

)

PROVISIONS FOR LIABILITIES

(18,771

)

(17,364

)

NET ASSETS

273,653

315,256

CAPITAL AND RESERVES

Called up share capital

4

50,000

Capital redemption reserve

100

Profit and loss account

223,553

265,156

SHAREHOLDERS' FUNDS

273,653

315,256

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 11 January 2017 and were signed on its behalf by:

S King - Director

J King - 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).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a

small company.

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.

Short leasehold

-

20% on cost

Plant and machinery

-

20% on cost

Fixtures and fittings

-

33% on cost, 20% on cost and 20% on reducing balance

Motor vehicles

-

25% on reducing balance

Rental equipment

-

10% on cost

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2015

222,909

Additions

31,615

At 30 September 2016

254,524

DEPRECIATION

At 1 October 2015

91,127

Charge for year

29,312

At 30 September 2016

120,439

NET BOOK VALUE

At 30 September 2016

134,085

At 30 September 2015

131,782

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 October 2015

and 30 September 2016

100

NET BOOK VALUE

At 30 September 2016

100

At 30 September 2015

100

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Electro Freeze Sales (UK) Limited

Nature of business: Dormant company

%

Class of shares:

holding

Ordinary

100.00

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.16

30.9.15

value:

£

37,500

Ordinary A

£1

37,500

12,500

Ordinary B

£1

12,500

50,000