Abbreviated Company Accounts - BIGGAR OAKFIELD DEVELOPMENTS LIMITED

Abbreviated Company Accounts - BIGGAR OAKFIELD DEVELOPMENTS LIMITED


Registered Number SC280589

BIGGAR OAKFIELD DEVELOPMENTS LIMITED

Abbreviated Accounts

31 July 2016

BIGGAR OAKFIELD DEVELOPMENTS LIMITED Registered Number SC280589

Abbreviated Balance Sheet as at 31 July 2016

Notes 2016 2015
£ £
Current assets
Stocks 320,000 320,000
Cash at bank and in hand 4,867 3,776
324,867 323,776
Creditors: amounts falling due within one year (108,601) (106,797)
Net current assets (liabilities) 216,266 216,979
Total assets less current liabilities 216,266 216,979
Creditors: amounts falling due after more than one year (201,676) (209,384)
Total net assets (liabilities) 14,590 7,595
Capital and reserves
Called up share capital 2 100 100
Profit and loss account 14,490 7,495
Shareholders' funds 14,590 7,595
  • For the year ending 31 July 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 20 April 2017

And signed on their behalf by:
John Richmond, Director
Stephen McCrindle, Director

BIGGAR OAKFIELD DEVELOPMENTS LIMITED Registered Number SC280589

Notes to the Abbreviated Accounts for the period ended 31 July 2016

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover represents net invoiced sales of services, excluding value added tax.

Other accounting policies
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.

2Called Up Share Capital
Allotted, called up and fully paid:
2016
£
2015
£
100 Ordinary shares of £1 each 100 100