John Gillespie (Motor Engineers) Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: SC032695 (Scotland)

Abbreviated Unaudited Accounts for the Year Ended 30 April 2016

for

John Gillespie (Motor Engineers) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

J T Gillespie

J Gillespie

REGISTERED OFFICE:

13 Gartferry Road

Chyrston

Glasgow

G69 9JY

REGISTERED NUMBER:

SC032695 (Scotland)

ACCOUNTANTS:

The Houston Partnership

Chartered Accountants

3 Somerset Place

Glasgow

G3 7JT

FIXED ASSETS

Tangible assets

2

370,900

CURRENT ASSETS

Stocks

343,531

Debtors

258

Cash at bank

9,816

353,605

CREDITORS

Amounts falling due within one year

346,234

NET CURRENT ASSETS

7,371

TOTAL ASSETS LESS CURRENT
LIABILITIES

378,271

CAPITAL AND RESERVES

Called up share capital

3

7,200

Revaluation reserve

34,342

Profit and loss account

336,729

SHAREHOLDERS' FUNDS

378,271

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 31 January 2017 and were signed on its behalf by:

J T Gillespie - 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).

The company was dormant throughout the year ended 30 April 2016. However, reference to information relating

to the year ended 30 April 2015 has been made where appropriate.

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.

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

and 30 April 2016

381,999

DEPRECIATION

At 1 May 2015

and 30 April 2016

11,099

NET BOOK VALUE

At 30 April 2016

370,900

At 30 April 2015

370,900

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.16

30.4.15

value:

£

7,200

Ordinary

1

7,200