Robertson-Acom Limited - Accounts to registrar - small 17.1

REGISTERED NUMBER: SC080886 (Scotland)

Financial Statements

for the Year Ended 31 March 2017

for

Robertson-Acom Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountant's Report

7

DIRECTORS:

Mark Robertson

Fraser Moran

SECRETARY:

Fraser Moran

REGISTERED OFFICE:

52 Kilnside Road

Paisley

Renfrewshire

PA1 1RN

REGISTERED NUMBER:

SC080886 (Scotland)

ACCOUNTANT:

Thomas A Moran C.A.

25 Acacia Drive

Paisley

Renfrewshire

PA2 9LS

SOLICITORS:

Macfarlane Young & Co

26 New Street

Paisley

Renfrewshire

PA1 1YB

FIXED ASSETS

Tangible assets

4

92,072

58,094

Investment property

5

364,805

373,857

456,877

431,951

CURRENT ASSETS

Stocks

21,386

6,416

Debtors

6

166,101

177,011

Investments

7

5,060

5,060

Cash at bank

115,542

63,632

308,089

252,119

CREDITORS

Amounts falling due within one year

8

70,731

76,905

NET CURRENT ASSETS

237,358

175,214

TOTAL ASSETS LESS CURRENT LIABILITIES

694,235

607,165

CAPITAL AND RESERVES

Called up share capital

41

41

Capital redemption reserve

59

59

Retained earnings

694,135

607,065

SHAREHOLDERS' FUNDS

694,235

607,165

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 20 July 2017 and were signed on its behalf by:

Fraser Moran - Director

1.	STATUTORY INFORMATION

Robertson-Acom Limited is a private company, limited by shares , registered in Scotland. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of goods and 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.

Freehold property

-

2% on cost

Plant and machinery

-

33% on cost

Fixtures and fittings

-

33% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

Investment property

Investment properties are stated at original cost less depreciation at 2% per annum on a straight line basis.

Periodic valuations will indicate gains or losses and the appropriate increase or decrease in the values of the

investment properties will be adjusted at that time. As at 31 March 2017, the directors are of the opinion that the

written down values shown fairly reflect the market values of the properties.

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2016 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 April 2016

-

35,322

16,921

Additions

40,000

-

-

At 31 March 2017

40,000

35,322

16,921

DEPRECIATION

At 1 April 2016

-

35,322

16,921

Charge for year

800

-

-

Eliminated on disposal

-

-

-

At 31 March 2017

800

35,322

16,921

NET BOOK VALUE

At 31 March 2017

39,200

-

-

At 31 March 2016

-

-

-

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2016

110,986

9,657

172,886

Additions

18,871

-

58,871

Disposals

(8,155

)

-

(8,155

)

At 31 March 2017

121,702

9,657

223,602

DEPRECIATION

At 1 April 2016

53,156

9,393

114,792

Charge for year

23,961

132

24,893

Eliminated on disposal

(8,155

)

-

(8,155

)

At 31 March 2017

68,962

9,525

131,530

NET BOOK VALUE

At 31 March 2017

52,740

132

92,072

At 31 March 2016

57,830

264

58,094

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2016

and 31 March 2017

452,663

DEPRECIATION

At 1 April 2016

78,806

Charge for year

9,052

At 31 March 2017

87,858

NET BOOK VALUE

At 31 March 2017

364,805

At 31 March 2016

373,857

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade debtors

166,101

177,011

7.	CURRENT ASSET INVESTMENTS

31.3.17

31.3.16

£

£

Listed investments

5,060

5,060

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade creditors

11,466

27,216

Taxation and social security

54,356

45,777

Other creditors

4,909

3,912

70,731

76,905

The following reproduces the text of the report prepared for the directors and members in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other

primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial

statements of Robertson-Acom Limited for the year ended 31 March 2017 which comprise the Income Statement,

Balance Sheet and the related notes from the company's accounting records and from information and explanations you

have given me.

As a practising member of the Institute of Chartered Accountants of Scotland, I am subject to its ethical and other professional requirements which are detailed at http://www.icas.org.uk/accountspreparationguidance.

This report is made solely to the Board of Directors of Robertson-Acom Limited, as a body, in accordance with my terms of engagement. My work has been undertaken solely to prepare for your approval the financial statements of Robertson-Acom Limited and state those matters that I have agreed to state to the Board of Directors of Robertson-Acom Limited, as a body, in this report in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at http://www.icas.org.uk/accountspreparationguidance. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for my work or for this report.

It is your duty to ensure that Robertson-Acom Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Robertson-Acom Limited. You consider that Robertson-Acom Limited is exempt from the statutory audit requirement for the year.

I have not been instructed to carry out an audit or a review of the financial statements of Robertson-Acom Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.

Thomas A Moran C.A.

25 Acacia Drive

Paisley

Renfrewshire

PA2 9LS

20 July 2017