Francis Campbell Limited - Accounts to registrar - small 17.1

REGISTERED NUMBER: SC334461 (Scotland)

Abridged Unaudited Financial Statements for the Year Ended 30 November 2016

for

Francis Campbell Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A C Astley-Jones

Mrs M C Younger

SECRETARY:

Mrs M C Younger

REGISTERED OFFICE:

Traprain Cottage

7 Traprain

Haddington

East Lothian

EH41 4PY

REGISTERED NUMBER:

SC334461 (Scotland)

ACCOUNTANT:

Alan Carmichael C.A.

2 Stamperland Hill

Clarkston

Glasgow

G76 8AE

FIXED ASSETS

Intangible assets

4

8,320

10,400

Tangible assets

5

15,679

20,391

23,999

30,791

CURRENT ASSETS

Debtors

4,196

5,244

Cash at bank

40,535

28,310

44,731

33,554

CREDITORS

Amounts falling due within one year

60,462

49,724

NET CURRENT LIABILITIES

(15,731

)

(16,170

)

TOTAL ASSETS LESS CURRENT LIABILITIES

8,268

14,621

CREDITORS

Amounts falling due after more than one year

6

(126

)

(1,401

)

PROVISIONS FOR LIABILITIES

(3,136

)

(4,078

)

NET ASSETS

5,006

9,142

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

5,004

9,140

SHAREHOLDERS' FUNDS

5,006

9,142

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 November 2016 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 24 April 2017 and were signed on its behalf by:

Mrs M C Younger - Director

1.	STATUTORY INFORMATION

Francis Campbell Limited is a private company, limited by shares , registered in Scotland. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 December 2015

and 30 November 2016

32,500

AMORTISATION

At 1 December 2015

22,100

Amortisation for year

2,080

At 30 November 2016

24,180

NET BOOK VALUE

At 30 November 2016

8,320

At 30 November 2015

10,400

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 December 2015

36,788

Additions

451

At 30 November 2016

37,239

DEPRECIATION

At 1 December 2015

16,397

Charge for year

5,163

At 30 November 2016

21,560

NET BOOK VALUE

At 30 November 2016

15,679

At 30 November 2015

20,391

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2016

2015

£

£

Bank loans

126

1,401

7.	RELATED PARTY DISCLOSURES

During the year, total dividends of £9,000 (2015 - £4,000) were paid to the directors .

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Mrs M C Younger.

The ultimate controlling party is Mrs M C Younger.

9.	FIRST YEAR ADOPTION

Transitional relief

On transition to FRS 102, the company has taken advantage of the following transitional relief:

•

to measure fair value at date of transition to FRS 102 and use as deemed cost on:

-

an item of property, plant and equipment;

-

an investment property;

-

an intangible asset which meets the recognition criteria and criteria for revaluation in Section 18 Intangible Assets other than Goodwill.