Sutherland Brothers Limited - Accounts to registrar - small 17.2
Sutherland Brothers Limited - Accounts to registrar - small 17.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 30 April 2017 |
| for |
| Sutherland Brothers Limited |
| Sutherland Brothers Limited (Registered number: SC090161) |
| Contents of the Financial Statements |
| for the Year Ended 30 April 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Sutherland Brothers Limited |
| Company Information |
| for the Year Ended 30 April 2017 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 15 Princes Street |
| Thurso |
| Caithness |
| KW14 7BQ |
| Sutherland Brothers Limited (Registered number: SC090161) |
| Balance Sheet |
| 30 April 2017 |
| 2017 | 2016 |
| Notes | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| Investments | 6 |
| CURRENT ASSETS |
| Stocks | 7 |
| Debtors | 8 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 9 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| ACCRUALS AND DEFERRED INCOME | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Share premium |
| Capital redemption reserve |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| Sutherland Brothers Limited (Registered number: SC090161) |
| Balance Sheet - continued |
| 30 April 2017 |
| 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 |
| Sutherland Brothers Limited (Registered number: SC090161) |
| Notes to the Financial Statements |
| for the Year Ended 30 April 2017 |
| 1. | STATUTORY INFORMATION |
| Sutherland Brothers Limited is a |
| number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| BASIS OF PREPARING THE FINANCIAL STATEMENTS |
| The presentation currency is £. |
| TURNOVER |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added |
| tax and other sales taxes. |
| INTANGIBLE ASSETS |
| Intangible assets are stated at acquisition or development cost, less accumulated depreciation. |
| Computer software |
| Computer software comprises software purchased from third parties as well as the cost of internally generated software. |
| Costs that are directly associated with the production of identifiable software products used and controlled by the company |
| and are probable of producing future economic benefits are recognised as intangible assets. Amortisation is charged to the |
| income statement on a straight-line basis over the estimated useful lives from the date the software is available for use. The |
| estimated useful life is 3 years. |
| TANGIBLE FIXED ASSETS AND DEPRECIATION |
| Assets are initially recorded at cost. Depreciation is provided on all tangible fixed assets at rates calculated to write off the |
| cost or valuation, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
| Leasehold property | 2% straight line |
| Plant & machinery | 10 %, 25% and 33% straight line |
| Motor vehicles | 20% straight line |
| STOCKS |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving |
| items. |
| 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 have been enacted or substantively |
| enacted by the balance sheet date. |
| Sutherland Brothers Limited (Registered number: SC090161) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 April 2017 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| GOVERNMENT GRANTS |
| Government grants in respect of capital expenditure are credited to a deferred income account and are released to profit |
| over the expected useful lives of the relevant assets by annual instalments. |
| Grants of a revenue nature are credited to income so as to match them with the expenditure to which they relate. |
| OPERATING LEASE RENTALS |
| Rentals payable under operating leases are charged to the profit and loss account as they fall due. |
| INVESTMENTS |
| Fixed asset investments are stated at cost unless, in the opinion of the directors, there has been an permanent diminution in |
| value, in which case an appropriate adjustment is made. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | INTANGIBLE FIXED ASSETS |
| Computer |
| software |
| £ |
| COST |
| At 1 May 2016 |
| Additions |
| At 30 April 2017 |
| AMORTISATION |
| At 1 May 2016 |
| Amortisation for year |
| At 30 April 2017 |
| NET BOOK VALUE |
| At 30 April 2017 |
| At 30 April 2016 |
| Sutherland Brothers Limited (Registered number: SC090161) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 April 2017 |
| 5. | TANGIBLE FIXED ASSETS |
| Long | Plant and | Motor |
| leasehold | machinery | vehicles | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 May 2016 |
| Additions |
| Disposals | ( |
) | ( |
) | ( |
) |
| At 30 April 2017 |
| DEPRECIATION |
| At 1 May 2016 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) | ( |
) |
| At 30 April 2017 |
| NET BOOK VALUE |
| At 30 April 2017 |
| At 30 April 2016 |
| 6. | FIXED ASSET INVESTMENTS |
| Other |
| investments |
| £ |
| COST |
| At 1 May 2016 |
| Disposals | ( |
) |
| At 30 April 2017 |
| PROVISIONS |
| At 1 May 2016 |
| and 30 April 2017 | 8,800 |
| NET BOOK VALUE |
| At 30 April 2017 |
| At 30 April 2016 |
| 7. | STOCKS |
| 2017 | 2016 |
| £ | £ |
| Stocks |
| Sutherland Brothers Limited (Registered number: SC090161) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 April 2017 |
| 8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Trade creditors |
| Corporation tax |
| Other taxation and social security |
| Other creditors |
| Accrued expenses |
| 10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 30 April 2017 and 30 April 2016: |
| 2017 | 2016 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts repaid |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |