Petrie Buchanan Consultants Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: SC234580 (Scotland)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2016

FOR

Petrie Buchanan Consultants Ltd

Page

Company information

1

Abbreviated balance sheet

2

Notes to the abbreviated accounts

3

DIRECTORS:

J A Petrie

C McIntee

SECRETARY:

REGISTERED OFFICE:

Pavilion 2

3 Dava Street

Broomloan Road

Glasgow

G51 2JA

REGISTERED NUMBER:

SC234580 (Scotland)

ACCOUNTANTS:

Burgoyne Carey

Chartered Accountants

Pavilion 2

3 Dava Street

Broomloan Road

Glasgow

G51 2JA

FIXED ASSETS

Tangible assets

2

4,922

6,381

CURRENT ASSETS

Debtors

70,993

34,668

Cash at bank

34,766

29,907

105,759

64,575

CREDITORS

Amounts falling due within one year

84,355

46,171

NET CURRENT ASSETS

21,404

18,404

TOTAL ASSETS LESS CURRENT
LIABILITIES

26,326

24,785

CAPITAL AND RESERVES

Called up share capital

3

1,000

Profit and loss account

25,326

23,785

SHAREHOLDERS' FUNDS

26,326

24,785

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 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 Board of Directors on 27 April 2017 and were signed on its behalf by:

J A Petrie - 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 amounts invoiced during the year net, exclusive of 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.

Freehold property

-

20% on cost

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on cost

HIRE PURCHASE AND LEASING COMMITMENTS

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2015

25,558

Additions

1,087

At 31 July 2016

26,645

DEPRECIATION

At 1 August 2015

19,177

Charge for year

2,546

At 31 July 2016

21,723

NET BOOK VALUE

At 31 July 2016

4,922

At 31 July 2015

6,381

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

1,000

Ordinary

1.00

1,000