Abbreviated Company Accounts - TRANNIES (SCOTLAND) LIMITED

TRANNIES (SCOTLAND) LIMITED - Company Information

Registered Number SC138927

TRANNIES (SCOTLAND) LIMITED

Abbreviated Accounts

31 October 2016

TRANNIES (SCOTLAND) LIMITED Registered Number SC138927

Abbreviated Balance Sheet as at 31 October 2016

	Notes	2016	2015
		£	£
Called up share capital not paid		-	-
Fixed assets
Tangible assets	2	12,340	15,009
		12,340	15,009
Current assets
Stocks		30,233	33,589
Debtors		290,536	296,736
Cash at bank and in hand		46,642	36,536
		367,411	366,861
Creditors: amounts falling due within one year		(142,595)	(173,020)
Net current assets (liabilities)		224,816	193,841
Total assets less current liabilities		237,156	208,850
Total net assets (liabilities)		237,156	208,850
Capital and reserves
Called up share capital		2	2
Profit and loss account		237,154	208,848
Shareholders' funds		237,156	208,850

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 4 July 2017

And signed on their behalf by:
J Meddings, Director

TRANNIES (SCOTLAND) LIMITED Registered Number SC138927

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 April 2008.

Turnover policy
The turnover shown in the Profit and Loss Account represents amounts invoiced during the year, exclusive of Value Added Tax.

Tangible assets depreciation policy
All fixed assets are initially recorded at cost. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Plant & Machinery - 20% per annum (Reducing Balance Basis)
Motor Vehicles - 20% per annum (Reducing Balance Basis)

Valuation information and policy
Stocks - Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

2Tangible fixed assets

	£
Cost
At 1 November 2015	87,229
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2016	87,229
Depreciation
At 1 November 2015	72,220
Charge for the year	2,669
On disposals	-
At 31 October 2016	74,889
Net book values
At 31 October 2016	12,340
At 31 October 2015	15,009