Moray New Sight Ltd. - Abbreviated accounts 16.3

REGISTERED NUMBER: SC222710 (Scotland)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31ST AUGUST 2016

FOR

MORAY NEW SIGHT LTD.

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Dr A Adams

REGISTERED OFFICE:

20/22 Torphichen Street

Edinburgh

Lothian

EH3 8JB

REGISTERED NUMBER:

SC222710 (Scotland)

ACCOUNTANTS:

AAA Edinburgh Ltd

20 Torphichen Street

Edinburgh

Lothian

EH3 8JB

FIXED ASSETS

Tangible assets

2

1,070

1,226

CURRENT ASSETS

Cash at bank

5,721

6,855

CREDITORS

Amounts falling due within one year

4,190

7,149

NET CURRENT ASSETS/(LIABILITIES)

1,531

(294

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,601

932

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

2,501

832

SHAREHOLDERS' FUNDS

2,601

932

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 29th May 2017 and were signed by:

Dr A Adams - 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 services, excluding 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.

Plant and machinery etc

-

25% reducing balance

Deferred tax

Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in

which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to

pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on

current tax rates and laws.

Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the

asset.

Deferred tax assets and liabilities are not discounted.

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 1st September 2015

4,953

Additions

199

At 31st August 2016

5,152

DEPRECIATION

At 1st September 2015

3,727

Charge for year

355

At 31st August 2016

4,082

NET BOOK VALUE

At 31st August 2016

1,070

At 31st August 2015

1,226

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

1

100