C. Spratt Multiutility Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: SC330796 (Scotland)

Abbreviated Unaudited Accounts

for the Year Ended 30 November 2016

for

C. Spratt Multiutility Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

C L Spratt

SECRETARY:

J R Spratt

REGISTERED OFFICE:

No. 10 Darluith Park

Brookfield

Johnstone

Renfrewshire

PA5 8DD

REGISTERED NUMBER:

SC330796 (Scotland)

ACCOUNTANTS:

Campbell Dallas LLP

Chartered Accountants

Titanium 1

King's Inch Place

Renfrew

PA4 8WF

FIXED ASSETS

Tangible assets

2

489,733

411,998

CURRENT ASSETS

Stocks

355,868

83,938

Debtors

998,667

550,871

Cash at bank

1,506,949

1,360,792

2,861,484

1,995,601

CREDITORS

Amounts falling due within one year

838,065

482,158

NET CURRENT ASSETS

2,023,419

1,513,443

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,513,152

1,925,441

CREDITORS

Amounts falling due after more than one
year

(60,588

)

-

PROVISIONS FOR LIABILITIES

(90,520

)

(77,934

)

NET ASSETS

2,362,044

1,847,507

CAPITAL AND RESERVES

Called up share capital

3

1,200

Profit and loss account

2,360,844

1,846,307

SHAREHOLDERS' FUNDS

2,362,044

1,847,507

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2016.

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

C L Spratt - 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 the value of all work done, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

20% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

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

the balance sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held

under finance leases are depreciated over their estimated useful lives or the lease term, whichever is

the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant

period. The capital element of the future payments is treated as a liability.

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 the profit and loss account in the period to which they

relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2015

676,169

Additions

258,392

Disposals

(123,197

)

At 30 November 2016

811,364

DEPRECIATION

At 1 December 2015

264,171

Charge for year

120,643

Eliminated on disposal

(63,183

)

At 30 November 2016

321,631

NET BOOK VALUE

At 30 November 2016

489,733

At 30 November 2015

411,998

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

1,000

Ordinary A

£1

1,000

100

Ordinary B

£1

100

Ordinary C

£1

100

1,200