Cameron Locksmiths Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: SC307210 (Scotland)

Unaudited Financial Statements for the Year Ended 31 August 2017

for

Cameron Locksmiths Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Cameron

A J W Cameron

Mrs S A Cameron

REGISTERED OFFICE:

Scottcourt House

West Princes Street

Helensburgh

Argyll & Bute

G84 8BP

REGISTERED NUMBER:

SC307210 (Scotland)

ACCOUNTANTS:

Macleod Fulton

Scottcourt House

West Princes Street

Helensburgh

Argyll & Bute

G84 8BP

FIXED ASSETS

Tangible assets

4

9,437

2,633

CURRENT ASSETS

Stocks

3,500

3,500

Debtors

5

19,844

11,814

Cash at bank

1

1,054

23,345

16,368

CREDITORS

Amounts falling due within one year

6

22,734

18,730

NET CURRENT ASSETS/(LIABILITIES)

611

(2,362

)

TOTAL ASSETS LESS CURRENT LIABILITIES

10,048

271

CREDITORS

Amounts falling due after more than one year

7

7,066

-

NET ASSETS

2,982

271

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

2,981

270

SHAREHOLDERS' FUNDS

2,982

271

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 21 May 2018 and were signed on its behalf by:

J Cameron - Director

1.	STATUTORY INFORMATION

Cameron Locksmiths 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.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added

tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery etc

-

33% on reducing balance and 25% on reducing balance

Stocks

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

items.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2016

13,639

Additions

12,155

Disposals

(9,200

)

At 31 August 2017

16,594

DEPRECIATION

At 1 September 2016

11,006

Charge for year

3,168

Eliminated on disposal

(7,017

)

At 31 August 2017

7,157

NET BOOK VALUE

At 31 August 2017

9,437

At 31 August 2016

2,633

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.17

31.8.16

£

£

Trade debtors

19,844

11,027

Other debtors

-

787

19,844

11,814

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.17

31.8.16

£

£

Bank loans and overdrafts

5,180

-

Hire purchase contracts

2,826

1,457

Trade creditors

2,799

3,854

Taxation and social security

7,558

9,450

Other creditors

4,371

3,969

22,734

18,730

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.17

31.8.16

£

£

Hire purchase contracts

7,066

-

8.	CONTINGENT LIABILITIES

As at 31 August 2017 the company had no contingent liabilities. (2016 nil)

9.	CAPITAL COMMITMENTS

As at 31 August 2017, the company had no capital commitments. (2016 nil)

10.	RELATED PARTY DISCLOSURES