Gardiner & Co (Commercial Property Consu - Abbreviated accounts 16.3

REGISTERED NUMBER: SC337380 (Scotland)

Abbreviated Unaudited Accounts

for the Year Ended 31 October 2016

for

Gardiner & Co (Commercial Property

Consultants) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

A Gardiner

SECRETARY:

Mrs E Gardiner

REGISTERED OFFICE:

14 Rutland Square

Edinburgh

EH1 2BD

REGISTERED NUMBER:

SC337380 (Scotland)

ACCOUNTANTS:

Gibson McKerrell Brown LLP

Chartered Accountants

14 Rutland Square

Edinburgh

Midlothian

EH1 2BD

SOLICITORS:

Morton Fraser LLP

Quartermile Two

2 Lister Square

Edinburgh

Lothian

EH3 9GL

FIXED ASSETS

Intangible assets

2

21,909

43,814

Tangible assets

3

10,885

14,514

32,794

58,328

CURRENT ASSETS

Debtors

36,782

34,677

Cash at bank

10,986

34,867

47,768

69,544

CREDITORS

Amounts falling due within one year

18,502

30,094

NET CURRENT ASSETS

29,266

39,450

TOTAL ASSETS LESS CURRENT LIABILITIES

62,060

97,778

PROVISIONS FOR LIABILITIES

2,138

2,602

NET ASSETS

59,922

95,176

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

59,822

95,076

SHAREHOLDERS' FUNDS

59,922

95,176

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 30 May 2017 and were signed by:

A Gardiner - 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 invoices sales of services, excluding value added tax.

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.

Plant and machinery etc

-

25% on reducing balance

Deferred tax

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

balance sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2015

and 31 October 2016

219,054

AMORTISATION

At 1 November 2015

175,240

Amortisation for year

21,905

At 31 October 2016

197,145

NET BOOK VALUE

At 31 October 2016

21,909

At 31 October 2015

43,814

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2015

and 31 October 2016

20,383

DEPRECIATION

At 1 November 2015

5,869

Charge for year

3,629

At 31 October 2016

9,498

NET BOOK VALUE

At 31 October 2016

10,885

At 31 October 2015

14,514

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.16

31.10.15

value:

£

£

100

Ordinary Shares

1

-

-

80

Ordinary 'A' Shares

1

80

80

20

Ordinary 'B' Shares

1

20

20

100

100

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2016 and

31 October 2015:

31.10.16

31.10.15

£

£

A Gardiner

Balance outstanding at start of year

(5

)

(8,764

)

Amounts advanced

40,906

50,179

Amounts repaid

(42,215

)

(41,420

)

Balance outstanding at end of year

(1,314

)

(5

)