Buchan Agricultural Consultants Limited - Accounts to registrar (filleted) - small 18.1

Buchan Agricultural Consultants Limited - Accounts to registrar (filleted) - small 18.1

BUCHAN AGRICULTURAL CONSULTANTS LIMITED - Company Information

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REGISTERED NUMBER: SC098494 (Scotland)















































Unaudited Financial Statements

for the Year Ended 31 August 2017

for

Buchan Agricultural Consultants
Limited
Buchan Agricultural Consultants
Limited (Registered number: SC098494)






Contents of the Financial Statements
for the Year Ended 31 August 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 5

Buchan Agricultural Consultants
Limited

Company Information
for the Year Ended 31 August 2017







DIRECTORS: Dr Gerald Peter Banks
Mrs Mary M Banks





SECRETARY: Mrs Mary M Banks





REGISTERED OFFICE: Newstead
Brewery Road
Strichen
Fraserburgh
Aberdeenshire
AB43 6TH





REGISTERED NUMBER: SC098494 (Scotland)





ACCOUNTANTS: Acumen Accountants & Advisors Limited
Acumen House
Grange Road
Peterhead
Aberdeenshire
AB42 1WN
Page 1
Buchan Agricultural Consultants
Limited (Registered number: SC098494)

Balance Sheet
31 August 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Investments 5 150 150

CURRENT ASSETS
Debtors 6 38,756 276,856
Cash at bank 51,609 43,961
90,365 320,817
CREDITORS
Amounts falling due within one year 7 43,512 222,377
NET CURRENT ASSETS 46,853 98,440
TOTAL ASSETS LESS CURRENT LIABILITIES 47,003 98,590

CAPITAL AND RESERVES
Called up share capital 203 203
Retained earnings 46,800 98,387
SHAREHOLDERS' FUNDS 47,003 98,590

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2017 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 25 May 2018 and were signed on its behalf by:





Dr Gerald Peter Banks - Director


The notes form part of these financial statements

Page 2
Buchan Agricultural Consultants
Limited (Registered number: SC098494)

Notes to the Financial Statements
for the Year Ended 31 August 2017

1. STATUTORY INFORMATION

Buchan Agricultural Consultants Limited is a private company, limited by shares , registered in Scotland. The company's registered
number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

These financial statements for the year ended 31 August 2017 are the first set of financial statements that comply with FRS 102 Section
1A small entities. The date of transition is 1 September 2016.

The transition to FRS 102 Section 1A small entities has resulted in a small number of changes in accounting policies to those used
previously, this has not impacted on opening equity or profit for the comparative period so the reconciliations have not been included.

The presentation currency is sterling.

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of service contracts where turnover is
recognised when the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

Page 3 continued...
Buchan Agricultural Consultants
Limited (Registered number: SC098494)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2017

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 September 2016
and 31 August 2017 150
NET BOOK VALUE
At 31 August 2017 150
At 31 August 2016 150

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 31,045 276,548
Prepayments 197 308
Other debtors 7,514 -
38,756 276,856

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade creditors 41,926 95,148
Corporation tax - 16,418
Social security and other taxes - 55,036
Directors' current accounts 86 54,275
Accrued expenses 1,500 1,500
43,512 222,377

The loan form the director is interest free with no fixed terms of repayment.

8. CONTROLLING INTEREST

The company is controlled by Dr Gerald Banks and his wife who own 99% of the company's issued share capital.

9. FIRST YEAR ADOPTION

At 01 September 2016, the company transitioned from UK GAAP to FRS 102 Section 1A small entities. As there has been no
transitional adjustments, we have not included the reconciliation reports.

Page 4
Buchan Agricultural Consultants
Limited

Report of the Accountants to the Directors of
Buchan Agricultural Consultants
Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial
statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that
the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar
of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 August 2017 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Acumen Accountants & Advisors Limited
Acumen House
Grange Road
Peterhead
Aberdeenshire
AB42 1WN


25 May 2018

This page does not form part of the statutory financial statements

Page 5