Logs4y Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: SC238033 (Scotland)

Abbreviated Unaudited Accounts

for the Year Ended 31 October 2016

for

Logs4y Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

R Mackintosh

SECRETARY:

Mrs P A Mackintosh

REGISTERED OFFICE:

Stanedyke

Mill of Lumphart

Oldmeldrum

Aberdeenshire

AB51 0EA

REGISTERED NUMBER:

SC238033 (Scotland)

ACCOUNTANTS:

Grampian Accounting

3 Prospect Place

Arnhall Business Park

Westhill

Aberdeenshire

AB32 6SY

FIXED ASSETS

Tangible assets

2

385

1,156

CURRENT ASSETS

Debtors

1,900

400

Cash at bank

8,422

76,576

10,322

76,976

CREDITORS

Amounts falling due within one year

1,919

29,235

NET CURRENT ASSETS

8,403

47,741

TOTAL ASSETS LESS CURRENT LIABILITIES

8,788

48,897

CAPITAL AND RESERVES

Called up share capital

3

6

6

Profit and loss account

8,782

48,891

SHAREHOLDERS' FUNDS

8,788

48,897

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 24 February 2017 and were signed by:

R Mackintosh - 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 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.

Plant and machinery etc

-

20% 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.

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 November 2015

12,861

Additions

250

At 31 October 2016

13,111

DEPRECIATION

At 1 November 2015

11,705

Charge for year

1,021

At 31 October 2016

12,726

NET BOOK VALUE

At 31 October 2016

385

At 31 October 2015

1,156

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.16

31.10.15

value:

£

£

2

Ordinary

£1

2

2

1

Ordinary A

£1

1

1

1

Ordinary B

£1

1

1

1

Ordinary C

£1

1

1

1

Ordinary D

£1

1

1

6

6