Highland House of Fraser Limited - Limited company - abbreviated - 11.0.0

Highland House of Fraser Limited - Limited company - abbreviated - 11.0.0

HIGHLAND HOUSE OF FRASER LIMITED - Company Information

Print Friendly Version

SC262923 1.2.13 31.1.14 31.1.14 Company accounts Private Limited Company FY true false true false true true false true false Ordinary 1.00000 751501 809093 35320 57592 716181 751501 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSC2629232013-01-31SC2629232014-01-31SC2629232013-02-012014-01-31SC2629232012-01-31SC2629232012-02-012013-01-31SC2629232013-01-31SC262923ns12:Scotland2013-02-012014-01-31SC262923ns14:PoundSterling2013-02-012014-01-31SC262923ns7:Director12013-02-012014-01-31SC262923ns7:Director22013-02-012014-01-31SC262923ns7:OrdinaryShareClass12013-02-012014-01-31SC262923ns7:Director22013-01-31SC262923ns7:Director22012-01-31SC262923ns7:Director22012-02-012013-01-31SC262923ns7:Director22014-01-31SC262923ns7:Director22013-01-31SC262923ns7:CompanySecretary2013-02-012014-01-31SC262923ns7:RegisteredOffice2013-02-012014-01-31SC262923ns7:EntityAccountantsOrAuditors2013-02-012014-01-31SC262923ns5:PlantMachinery2013-02-012014-01-31SC262923ns7:OrdinaryShareClass12014-01-31SC262923ns7:OrdinaryShareClass12013-01-31SC262923ns7:Director12013-01-31SC262923ns7:Director12012-01-31SC262923ns7:Director12012-02-012013-01-31SC262923ns7:Director12014-01-31SC262923ns7:Director12013-01-31
REGISTERED NUMBER: SC262923 (Scotland)















Highland House of Fraser Limited

Abbreviated Accounts For The Year Ended 31 January 2014





The Long Partnership
Park House Centre
South Street
Elgin
IV30 1JB








Highland House of Fraser Limited (Registered number: SC262923)






Contents of the Abbreviated Accounts
For The Year Ended 31 January 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Chartered Accountants' Report 6

Highland House of Fraser Limited

Company Information
For The Year Ended 31 January 2014







DIRECTORS: W Fraser
Mrs S M Fraser





SECRETARY: W Fraser





REGISTERED OFFICE: Park House Centre
South Street
Elgin
Moray
IV30 1JB





REGISTERED NUMBER: SC262923 (Scotland)





ACCOUNTANTS: The Long Partnership
Park House Centre
South Street
Elgin
IV30 1JB
Page 1
Highland House of Fraser Limited (Registered number: SC262923)

Abbreviated Balance Sheet
31 January 2014

31.1.14 31.1.13
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 53,850 59,200
Tangible assets 3 625,398 599,872
679,248 659,072

CURRENT ASSETS
Stocks 309,429 281,468
Debtors 1,353 485
Cash at bank and in hand 94,383 110,794
405,165 392,747
CREDITORS
Amounts falling due within one year 4 72,933 130,085
NET CURRENT ASSETS 332,232 262,662
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,011,480
921,734

CREDITORS
Amounts falling due after more than one
year
(716,181		 )
(751,501		 )

PROVISIONS FOR LIABILITIES (11,499 ) (5,994 )
NET ASSETS 283,800 164,239

CAPITAL AND RESERVES
Called up share capital 5 100 100
Profit and loss account 283,700 164,139
SHAREHOLDERS' FUNDS 283,800 164,239

The notes form part of these abbreviated accounts

Page 2 continued...
Highland House of Fraser Limited (Registered number: SC262923)

Abbreviated Balance Sheet - continued
31 January 2014


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2014 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 October 2014 and were signed on its behalf
by:




W Fraser - Director



Mrs S M Fraser - Director


The notes form part of these abbreviated accounts

Page 3
Highland House of Fraser Limited (Registered number: SC262923)

Notes to the Abbreviated Accounts
For The Year Ended 31 January 2014

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 April 2008).

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Equipment - 25% on reducing balance 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. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 February 2013
and 31 January 2014 114,405
AMORTISATION
At 1 February 2013 55,205
Amortisation for year 5,350
At 31 January 2014 60,555
NET BOOK VALUE

At 31 January 2014 53,850
At 31 January 2013 59,200

Page 4 continued...
Highland House of Fraser Limited (Registered number: SC262923)

Notes to the Abbreviated Accounts - continued
For The Year Ended 31 January 2014

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 February 2013 725,751
Additions 45,040
At 31 January 2014 770,791
DEPRECIATION
At 1 February 2013 125,879
Charge for year 19,514
At 31 January 2014 145,393
NET BOOK VALUE
At 31 January 2014 625,398
At 31 January 2013 599,872

4. CREDITORS

Creditors include an amount of £ 0 (31.1.13 - £ 40,845 ) for which security has been given.

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.14 31.1.13
value: £    £   
100 Ordinary £1 100 100

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2014 and
31 January 2013:

31.1.14 31.1.13
£    £   
W Fraser and Mrs S M Fraser
Balance outstanding at start of year 751,501 809,093
Amounts repaid (35,320 ) (57,592 )
Balance outstanding at end of year 716,181 751,501

Page 5
Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Highland House of Fraser Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)
have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of Highland House of Fraser Limited for the year ended 31 January 2014 which comprise the
Profit and Loss Account, 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 in England and Wales (ICAEW), we are
subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Highland House of Fraser Limited, as a body, in accordance
with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial
statements of Highland House of Fraser Limited and state those matters that we have agreed to state to the Board of
Directors of Highland House of Fraser Limited, as a body, in this report in accordance with AAF 2/10 as detailed at
icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone
other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Highland House of Fraser Limited has kept adequate accounting records and to prepare
statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of
Highland House of Fraser Limited. You consider that Highland House of Fraser Limited is exempt from the statutory
audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Highland House of Fraser
Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information
and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial
statements.






The Long Partnership
Park House Centre
South Street
Elgin
IV30 1JB


30 October 2014

This page does not form part of the abbreviated accounts

Page 6