Balbeggie Steel Structures Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: SC284668 (Scotland)

Abbreviated Accounts for the Year Ended 31 October 2016

for

Balbeggie Steel Structures Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J Thomson

L Rodger

SECRETARY:

J Thomson

REGISTERED OFFICE:

Brewness

Balbeggie Avenue

Kirkcaldy

Fife

KY1 3NS

REGISTERED NUMBER:

SC284668 (Scotland)

ACCOUNTANTS:

Monteaths

Cairnfield

14 School Road

Balmullo

St Andrews

Fife

KY16 0BD

FIXED ASSETS

Tangible assets

2

3,802

5,152

CURRENT ASSETS

Stocks

15,500

18,000

Debtors

45,651

49,930

Cash at bank and in hand

50,514

58,852

111,665

126,782

CREDITORS

Amounts falling due within one year

33,593

41,115

NET CURRENT ASSETS

78,072

85,667

TOTAL ASSETS LESS CURRENT
LIABILITIES

81,874

90,819

CREDITORS

Amounts falling due after more than one
year

26,562

20,362

NET ASSETS

55,312

70,457

CAPITAL AND RESERVES

Called up share capital

3

1,000

Profit and loss account

54,312

69,457

SHAREHOLDERS' FUNDS

55,312

70,457

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 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 26 July 2017 and were signed on its behalf by:

J Thomson - 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.

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

-

33% on cost, 25% on reducing balance and 20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2015

and 31 October 2016

30,371

DEPRECIATION

At 1 November 2015

25,219

Charge for year

1,350

At 31 October 2016

26,569

NET BOOK VALUE

At 31 October 2016

3,802

At 31 October 2015

5,152

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.16

31.10.15

value:

£

1,000

Ordinary

1

1,000