Abbreviated Company Accounts - CAIRN LEGAL LTD

SC455213 CAIRN LEGAL LTD 2014-07-31 false 2013-07-24 2014-07-31 true SC455213 2013-07-24 2014-07-31 SC455213 2014-07-31 SC455213 uk-gaap-cd-bus:Director1 2013-07-24 2014-07-31 SC455213 uk-gaap-cd-bus:Director2 2013-07-24 2014-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-07-24 2014-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-07-31 iso4217:GBP shares

Registered Number SC455213

CAIRN LEGAL LTD

Abbreviated Accounts

31 July 2014

CAIRN LEGAL LTD Registered Number SC455213

Abbreviated Balance Sheet as at 31 July 2014

	Notes	2014
		£
Fixed assets
Intangible assets	2	9,000
Tangible assets	3	811
		9,811
Current assets
Stocks		10,735
Debtors		9,797
Cash at bank and in hand		2,407
		22,939
Creditors: amounts falling due within one year		(24,589)
Net current assets (liabilities)		(1,650)
Total assets less current liabilities		8,161
Total net assets (liabilities)		8,161
Capital and reserves
Called up share capital	4	100
Profit and loss account		8,061
Shareholders' funds		8,161

For the year ending 31 July 2014 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 5 November 2014

And signed on their behalf by:
Nicola Smith, Director

CAIRN LEGAL LTD Registered Number SC455213

Notes to the Abbreviated Accounts for the period ended 31 July 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible fixed assets, less their estimated residual value, over their expected useful lives as follows:

Fixtures, fittings and equipment - 33.33% Straight line

Intangible assets amortisation policy
Purchased goodwill arising on the acquisition on a business represents the excess of the acquisition cost over the fair value of the identifiable net assets when they were acquired. Purchased goodwill is capitalised in the balance sheet and amortised on a straight line basis over its economic useful life of 10 years, which is estimated to be the period during which benefits are expected to arise. On disposal of a business any goodwill not yet amortised is included in determining the profit or loss on sale of the business.

Valuation information and policy
Stocks are valued at the lower of cost and net realisable value. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition. Full provision is made for obsolete stocks and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling

Other accounting policies
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year us calculated using the tax rates and laws that have been enacted or substantially enacted at the balance sheet date.

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

2Intangible fixed assets

	£
Cost
Additions	10,000
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2014	10,000
Amortisation
Charge for the year	1,000
On disposals	-
At 31 July 2014	1,000
Net book values
At 31 July 2014	9,000

3Tangible fixed assets

	£
Cost
Additions	1,217
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2014	1,217
Depreciation
Charge for the year	406
On disposals	-
At 31 July 2014	406
Net book values
At 31 July 2014	811

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £
100 A Ordinary shares of £1 each	100