Aberdrinks Scotland Limited,Ltd - Accounts

ABERDRINKS SCOTLAND LIMITED - Company Information

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Aberdrinks Scotland Limited

Registered Number:SC448252

For the year ended 30 April 2016

Scotland

Unaudited Financial Statements

For the year ended 30 April 2016

Aberdrinks Scotland Limited

Contents Page

Statement of Financial Position

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Notes to the Financial Statements

As at 30 April 2016

Aberdrinks Scotland Limited

Statement of Financial Position

Registered Number :

SC448252

2015

2016

Notes

Fixed assets

Property, plant and equipment

6,010

7,233

6,010

7,233

Current assets

Inventories

8,500

Trade and other receivables

6,134

9,694

5,902

Cash and cash equivalents

6,078

24,272

20,536

Trade and other payables: amounts falling due within one year

(27,438)

(28,584)

(6,902)

(4,312)

Net current liabilities

Total assets less current liabilities

1,698

331

1,698

Net assets

331

Capital and reserves

Called up share capital

100

Retained earnings

1,598

231

1,698

331

Shareholders' funds

For the year ended 30 April 2016 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.

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 proper 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 Section 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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

Paul Michael Stewart Director

These financial statements were approved and authorised for issue by the Board on 25 January 2017 and were signed by:

The notes form part of these financial statements

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For the year ended 30 April 2016

Aberdrinks Scotland Limited

Notes to the Financial Statements

Statutory Information

Aberdrinks Scotland Limited is a private limited company, limited by shares, domiciled in Scotland, registration number SC448252.

Registered address:

21 Fairfield Street

Dundee

DD3 8HX

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 'The

Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have

been prepared under the historical costs convention as modified by the revaluation of certain assets.

Revenue recognition

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Property, plant and equipment

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Tenants improvements

10 % Straight line

Plant and machinery

20% Reducing balance

Inventories

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2. Property, plant and equipment

Total

Plant and

machinery

Tenants

improvements

Cost or valuation

At 01 May 2015

9,487

4,195

5,292

At 30 April 2016

5,292

4,195

9,487

Provision for depreciation and impairment

At 01 May 2015

2,254

1,416

838

Charge for year

1,223

694

529

At 30 April 2016

3,477

2,110

1,367

At 30 April 2016

Net book value

3,925

2,085

6,010

At 30 April 2015

4,454

2,779

7,233

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For the year ended 30 April 2016

Aberdrinks Scotland Limited

Notes to the Financial Statements Continued

3. Trade and other receivables

2015

2016

Trade debtors

9,694

6,134

4. Trade and other payables: amounts falling due within one year

2015

2016

Trade creditors

1,852

1,491

Taxation and social security

559

374

Other creditors

26,173

25,573

28,584

27,438

5. Related party transactions

Included in other creditors is £18,436 due to Taygas Limited (2015 £14,896), a company controlled by the Director Paul Stewart, in respect

of costs incurred on behalf of Aberdrinks Limited. Included in the Profit and Loss Accout is £3,540 of overheads re-charged by Taygas

Limited (2015 £3,500). All transactions have been carried out at market value.

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