NCC_SCOTLAND_LIMITED - Accounts

NCC SCOTLAND LIMITED - Company Information

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Company Registration No. 06210939 (England and Wales)

NCC SCOTLAND LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2016

NCC SCOTLAND LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

NCC SCOTLAND LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MAY 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

3,982

4,797

Current assets

Stocks

43,225

52,677

Debtors

261,848

193,118

Cash at bank and in hand

52,417

23,584

357,490

269,379

Creditors: amounts falling due within one year

(246,883)

(173,734)

Net current assets

110,607

95,645

Total assets less current liabilities

114,589

100,442

Provisions for liabilities

(796)

(959)

113,793

99,483

Capital and reserves

Called up share capital

400

Profit and loss account

113,393

99,083

Shareholders' funds

113,793

99,483

For the financial year ended 31 May 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 28 February 2017

........................................

G Cook

A E Harvey

D C Mackay

Director

Company Registration No. 06210939

NCC SCOTLAND LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

15% reducing balance

Computer equipment

3 yrs straight line

1.5

Leasing

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.6

Stock

Stock is valued at the lower of cost and net realisable value.

1.7

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

NCC SCOTLAND LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MAY 2016

- 3 -

Fixed assets

Tangible assets

Cost

At 1 June 2015 & at 31 May 2016

7,751

Depreciation

At 1 June 2015

2,954

Charge for the year

815

At 31 May 2016

3,769

Net book value

At 31 May 2016

3,982

At 31 May 2015

4,797

Share capital

2016

2015

Allotted, called up and fully paid

200 Ordinary of £1 each

200

150 'A' shares of £1 each

150

50 'B' shares of £1 each

400