Smith & Gertrude Ltd - Abbreviated accounts

Registered number

SC487491

Smith & Gertrude Ltd

Unaudited Abbreviated Accounts

30 September 2016

Bolland and Burke

Chartered Accountants

Smith & Gertrude Ltd

Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of Smith & Gertrude Ltd for the year ended 30 September 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Smith & Gertrude Ltd for the year ended 30 September 2016 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants of Scotland (ICAS), we are subject to its ethical and other professional requirements which are detailed at http://www.icas.org/accountspreparationguidance

Our work has been undertaken in accordance with the guidance of ICAS as detailed at http://www.icas.org/accountspreparationguidance
Bolland and Burke
Chartered Accountants
2nd Floor
11 Rutland Street
Edinburgh
EH1 2DQ

25 January 2017

Smith & Gertrude Ltd
Registered number:		SC487491
Abbreviated Balance Sheet
as at 30 September 2016

Notes			2016			2015
£				£
Fixed assets
Tangible assets	2		98,769			103,985

Current assets
Stocks		20,144			7,382
Debtors		12,860			22,285
Cash at bank and in hand		15,587			8,363
		48,591			38,030

Creditors: amounts falling due within one year		(113,911)			(101,163)

Net current liabilities			(65,320)			(63,133)

Net assets			33,449			40,852

Capital and reserves
Called up share capital	3		2			2
Share premium			62,500			62,500
Profit and loss account			(29,053)			(21,650)

Shareholders' funds			33,449			40,852

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



Amy Findlater
Director
Approved by the board on 25 January 2017

Smith & Gertrude Ltd
Notes to the Abbreviated Accounts
for the year ended 30 September 2016

1	Accounting policies

	Basis of preparation
	The accounts 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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Fixtures & Fittings			10% straight line
	Equipment			25% straight line

	Stocks
	Stock is valued at the lower of cost and net realisable value.


2	Tangible fixed assets					£

	Cost
	At 1 October 2015					103,985
	Additions					9,143
	At 30 September 2016					113,128

	Depreciation
	Charge for the year					14,359
	At 30 September 2016					14,359

	Net book value
	At 30 September 2016					98,769
	At 30 September 2015					103,985


3	Share capital	Nominal		2016		2016		2015
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£0.01 each		250		2		2

Nominal			Number		Amount
value			£
	Shares issued during the period:
	Ordinary shares	£0.01 each		250		2