Aspect Gas Care Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: SC408686 (Scotland)

Abbreviated Unaudited Accounts for the Year Ended 28 February 2014

for

Aspect Gas Care Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

G Muir

SECRETARY:

Mrs J Muir

REGISTERED OFFICE:

99 Main Street

Sauchie

Alloa

Clackmannanshire

FK10 3GT

REGISTERED NUMBER:

SC408686 (Scotland)

ACCOUNTANTS:

Peter Deans Chartered Accountants

42 Stirling Street

Denny

Stirlingshire

FK6 6DJ

BANKERS:

The Royal Bank of Scotland

Alloa Branch

19 High Street

Alloa

FK10 1JF

FIXED ASSETS

Tangible assets

2

4,452

7,077

CURRENT ASSETS

Stocks

4,157

-

Debtors

19,823

18,092

Cash at bank

8,823

20,899

32,803

38,991

CREDITORS

Amounts falling due within one year

33,602

25,696

NET CURRENT (LIABILITIES)/ASSETS

(799

)

13,295

TOTAL ASSETS LESS CURRENT LIABILITIES

3,653

20,372

CREDITORS

Amounts falling due after more than one year

(2,073

)

(4,147

)

PROVISIONS FOR LIABILITIES

(890

)

(1,415

)

NET ASSETS

690

14,810

CAPITAL AND RESERVES

Called up share capital

3

9

9

Profit and loss account

681

14,801

SHAREHOLDERS' FUNDS

690

14,810

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2014 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 19 November 2014 and were signed by:

G Muir - 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 April 2008).

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

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

slow moving items.

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.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2013

and 28 February 2014

9,703

DEPRECIATION

At 1 March 2013

2,626

Charge for year

2,625

At 28 February 2014

5,251

NET BOOK VALUE

At 28 February 2014

4,452

At 28 February 2013

7,077

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.14

28.2.13

value:

£

£

9

Ordinary

£1

9

9

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 28 February 2014 and the

period ended 28 February 2013:

28.2.14

28.2.13

£

£

G Muir

Balance outstanding at start of year

5,007

-

Amounts advanced

2,587

5,007

Amounts repaid

(5,007

)

-

Balance outstanding at end of year

2,587

5,007