Buchan Agricultural Consultants Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: SC098494 (Scotland)

Abbreviated Unaudited Accounts

for the Period

1 April 2015 to 31 August 2016

for

Buchan Agricultural Consultants

Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Report of the Accountants

5

DIRECTORS:

Dr Gerald Peter Banks

Mrs Mary M Banks

SECRETARY:

Mrs Mary M Banks

REGISTERED OFFICE:

Unit 2, The Old Mart Site

Market Street

Maud

Peterhead

Aberdeenshire

AB42 4NH

REGISTERED NUMBER:

SC098494 (Scotland)

ACCOUNTANTS:

Acumen Accountants & Advisors Limited

Acumen House

Grange Road

Peterhead

Aberdeenshire

AB42 1WN

FIXED ASSETS

Tangible assets

2

-

14,825

Investments

3

150

14,975

CURRENT ASSETS

Stocks

-

94,054

Debtors

276,856

46,881

Cash at bank

43,961

226

320,817

141,161

CREDITORS

Amounts falling due within one year

222,377

101,642

NET CURRENT ASSETS

98,440

39,519

TOTAL ASSETS LESS CURRENT LIABILITIES

98,590

54,494

CAPITAL AND RESERVES

Called up share capital

4

203

Profit and loss account

98,387

54,291

SHAREHOLDERS' FUNDS

98,590

54,494

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 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 18 May 2017 and were signed on its behalf by:

Dr Gerald Peter Banks - 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 net invoiced sales of goods, excluding value added tax, except in respect of service contracts where turnover is

recognised when the company obtains the right to consideration.

Tangible fixed assets

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

Fixtures and fittings

-

10% on cost

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.

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

the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

62,235

Disposals

(62,235

)

At 31 August 2016

-

DEPRECIATION

At 1 April 2015

47,410

Eliminated on disposal

(47,410

)

At 31 August 2016

-

NET BOOK VALUE

At 31 August 2016

-

At 31 March 2015

14,825

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 April 2015

and 31 August 2016

150

NET BOOK VALUE

At 31 August 2016

150

At 31 March 2015

150

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

153

Ordinary

£1

153

50

"A" Ordinary

£1

50

203

5.	CONTROLLING INTEREST

The company is controlled by Dr Gerald Banks and his wife who own 75% of the company's issued share capital.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial

statements, from which the unaudited abbreviated accounts (set out on pages two to four) have been prepared.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the period ended 31 August 2016 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Acumen Accountants & Advisors Limited

Acumen House

Grange Road

Peterhead

Aberdeenshire

AB42 1WN

18 May 2017