A. C. Still Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: SC115892 (Scotland)

Abbreviated Unaudited Accounts

for the Year Ended 30 April 2016

for

A. C. Still Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mrs A K C Still

A Still

C J K Still

Mrs L A F Cowell

SECRETARY:

Mrs A K C Still

REGISTERED OFFICE:

45 Angus Road

GREENOCK

Renfrewshire

REGISTERED NUMBER:

SC115892 (Scotland)

ACCOUNTANTS:

Messrs. Henderson & Company

Chartered Accountants

73 Union Street

Greenock

PA16 8BG

FIXED ASSETS

Tangible assets

2

7,634

8,183

Investments

3

150,000

157,634

158,183

CURRENT ASSETS

Stocks

33,164

29,919

Debtors

144,976

121,153

Cash at bank and in hand

93,332

89,597

271,472

240,669

CREDITORS

Amounts falling due within one year

107,246

130,282

NET CURRENT ASSETS

164,226

110,387

TOTAL ASSETS LESS CURRENT
LIABILITIES

321,860

268,570

CREDITORS

Amounts falling due after more than one year

(1,663

)

(4,421

)

PROVISIONS FOR LIABILITIES

(1,527

)

(1,637

)

NET ASSETS

318,670

262,512

CAPITAL AND RESERVES

Called up share capital

4

3,500

Profit and loss account

315,170

259,012

SHAREHOLDERS' FUNDS

318,670

262,512

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 30 January 2017 and were signed on its behalf by:

Mrs L A F Cowell - 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.

Plant and machinery etc

-

25% on cost and 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.

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 May 2015

84,182

Additions - Fittings

5,393

At 30 April 2016

89,575

DEPRECIATION

At 1 May 2015

75,999

Charge for year

5,942

At 30 April 2016

81,941

NET BOOK VALUE

At 30 April 2016

7,634

At 30 April 2015

8,183

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 May 2015

and 30 April 2016

150,000

NET BOOK VALUE

At 30 April 2016

150,000

At 30 April 2015

150,000

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

3,500

Ordinary

£1

3,500

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2016 and 30 April 2015:

2016

2015

£

A Still

Balance outstanding at start of year

31,122

29,122

Amounts advanced

30,454

2,000

Amounts repaid

-

Balance outstanding at end of year

61,576

31,122

The loans to directors are interest free and repayable within one year.