A J Grant (Contracting) Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: SC424451 (Scotland)

Abbreviated Unaudited Accounts for the Year Ended 31 August 2016

for

A J Grant (Contracting) Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

A J Grant

SECRETARY:

REGISTERED OFFICE:

Muckerach Farm

Dorback

Nethy Bridge

INVERNESS-SHIRE

PH25 3EE

REGISTERED NUMBER:

SC424451 (Scotland)

ACCOUNTANTS:

Peter Munro & Company

Chartered Certified Accountants

15-17 High Street

Kingussie

Inverness-shire

PH21 1HS

FIXED ASSETS

Tangible assets

2

24,693

26,201

CURRENT ASSETS

Debtors

2,437

16,003

Cash at bank

8,133

24,029

10,570

40,032

CREDITORS

Amounts falling due within one year

15,413

26,198

NET CURRENT (LIABILITIES)/ASSETS

(4,843

)

13,834

TOTAL ASSETS LESS CURRENT
LIABILITIES

19,850

40,035

CREDITORS

Amounts falling due after more than one
year

1,185

5,923

NET ASSETS

18,665

34,112

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

18,664

34,111

SHAREHOLDERS' FUNDS

18,665

34,112

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 22 February 2017 and were signed by:

A J Grant - 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Tools and equipment

-

15% on reducing balance

Computer equipment

-

33% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2015

35,873

Additions

3,790

At 31 August 2016

39,663

DEPRECIATION

At 1 September 2015

9,672

Charge for year

5,298

At 31 August 2016

14,970

NET BOOK VALUE

At 31 August 2016

24,693

At 31 August 2015

26,201

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.16

31.8.15

value:

£

1

Ordinary

1