Urbancroft Ltd - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: SC334828 (Scotland)

Abbreviated Accounts for the Year Ended 30 November 2014

for

Urbancroft Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

M L Robertson

SECRETARY:

Ms L M Storrie

REGISTERED OFFICE:

Film City Glasgow

4 Summertown Road

Glasgow

G51 2LY

REGISTERED NUMBER:

SC334828 (Scotland)

ACCOUNTANTS:

Key Professional Partnership

121 Moffat Street

Glasgow

Lanarkshire

G5 0ND

FIXED ASSETS

Tangible assets

2

56,994

35,507

CURRENT ASSETS

Debtors

23,987

18,150

Cash at bank and in hand

142,048

73,997

166,035

92,147

CREDITORS

Amounts falling due within one year

56,838

47,315

NET CURRENT ASSETS

109,197

44,832

TOTAL ASSETS LESS CURRENT LIABILITIES

166,191

80,339

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

166,190

80,338

SHAREHOLDERS' FUNDS

166,191

80,339

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 December 2014 and were signed by:

M L Robertson - 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.

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2013

56,573

Additions

32,514

At 30 November 2014

89,087

DEPRECIATION

At 1 December 2013

21,066

Charge for year

11,027

At 30 November 2014

32,093

NET BOOK VALUE

At 30 November 2014

56,994

At 30 November 2013

35,507

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.14

30.11.13

value:

£

£

1

Ordinary

£1

1

1

4.	ULTIMATE CONTROLLING PARTY

The controlling party is M L Robertson.

The director Mr M Robertson was the ultimate controlling party during the year.