Abbreviated Company Accounts - SCOTLAND ELECTRONICS LIMITED

SCOTLAND ELECTRONICS LIMITED - Company Information

SC169046 SCOTLAND ELECTRONICS LIMITED 2016-10-31 false 2015-11-01 2016-10-31 true SC169046 2015-11-01 2016-10-31 SC169046 2016-10-31 SC169046 2015-10-31 SC169046 uk-gaap-cd-bus:Director1 2015-11-01 2016-10-31 SC169046 uk-gaap-cd-bus:Director2 2015-11-01 2016-10-31 uk-gaap-cd-bus:Director3 2015-11-01 2016-10-31 uk-gaap-cd-bus:Director3 2016-10-31 uk-gaap-cd-bus:Director3 2015-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-11-01 2016-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-10-31 iso4217:GBP shares

Registered Number SC169046

SCOTLAND ELECTRONICS LIMITED

Abbreviated Accounts

31 October 2016

SCOTLAND ELECTRONICS LIMITED Registered Number SC169046

Abbreviated Balance Sheet as at 31 October 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	3,380	3,380
Tangible assets	3	739,758	3,500
		743,138	6,880
Current assets
Stocks		-	-
Debtors		575,098	12,000
Investments		-	-
Cash at bank and in hand		5,239	1,687
		580,337	13,687
Prepayments and accrued income		-	-
Creditors: amounts falling due within one year		(1,154,955)	(8,493)
Net current assets (liabilities)		(574,618)	5,194
Total assets less current liabilities		168,520	12,074
Creditors: amounts falling due after more than one year		(49,799)	0
Accruals and deferred income		(97,053)	0
Total net assets (liabilities)		21,668	12,074
Capital and reserves
Called up share capital	4	100	100
Revaluation reserve		8,000	8,000
Profit and loss account		13,568	3,974
Shareholders' funds		21,668	12,074

For the year ending 31 October 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 15 June 2017

And signed on their behalf by:
Michael John Stuart Ramsay, Director

SCOTLAND ELECTRONICS LIMITED Registered Number SC169046

Notes to the Abbreviated Accounts for the period ended 31 October 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Tangible assets depreciation policy
Depreciation is provided at the the following rates in order to write off the assets over their estimated useful lives:
Plant and Machinery 20% straight line
Motor Vehicles 33% straight line

2Intangible fixed assets

	£
Cost
At 1 November 2015	3,380
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2016	3,380
Amortisation
At 1 November 2015	-
Charge for the year	-
On disposals	-
At 31 October 2016	-
Net book values
At 31 October 2016	3,380
At 31 October 2015	3,380

3Tangible fixed assets

	£
Cost
At 1 November 2015	5,000
Additions	769,888
Disposals	(5,000)
Revaluations	0
Transfers	0
At 31 October 2016	769,888
Depreciation
At 1 November 2015	1,500
Charge for the year	30,130
On disposals	(1,500)
At 31 October 2016	30,130
Net book values
At 31 October 2016	739,758
At 31 October 2015	3,500

4Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100

5Transactions with directors

Name of director receiving advance or credit:	Michael John Stuart Ramsay
Description of the transaction:	Director Loan - Standard
Balance at 1 November 2015:	£ 0
Advances or credits made:	£ 284,896
Advances or credits repaid:	£ 42,770
Balance at 31 October 2016:	£ 242,126