2013-10-01
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Private Limited Company
SC198453
2014-09-30
SC198453
2013-10-01
2014-09-30
SC198453
2013-09-30
SC198453
2012-10-01
2013-09-30
SC198453
uk-bus:Director1
2013-10-01
2014-09-30
SC198453
uk-gaap:Land
2013-10-01
2014-09-30
SC198453
uk-gaap:PlantMachinery
2013-10-01
2014-09-30
SC198453
uk-gaap:CommercialMotorVehicles
2013-10-01
2014-09-30
SC198453
uk-gaap:WithinOneYear
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SC198453
uk-gaap:WithinOneYear
2013-09-30
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uk-gaap:AfterOneYear
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iso4217:GBP
For the year ended 30 September 2014
Unaudited Abbreviated Report and Financial Statements
Scotland
Registered Number: SC198453
2
Steven R Paterson Ltd
For the year ended 30 September 2014
1
Balance Sheet
2 to 4
Notes to the Abbreviated Financial Statements
3
| Abbreviated Balance Sheet |
Steven R Paterson Ltd
2014
2013
2
10,013
12,285
3
395,877
345,551
322
322
4
406,212
358,158
324,783
500,431
360,644
467,188
94,538
119,251
1,062,157
804,678
| Creditors: amounts falling due within one year |
5
(295,310)
(426,924)
509,368
635,233
Net current assets
| Total assets less current liabilities |
1,041,445
867,526
| Creditors: amounts falling due after more than one year |
6
(86,321)
(135,996)
(17,250)
(18,270)
| Provisions for liabilities |
888,199
Net assets
762,935
175,000
175,000
713,199
587,935
888,199
762,935
Shareholders funds
| For the year ended 30 September 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. |
| Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; |
| 2) The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts |
| These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime. |
| Date approved by the board: 28 November 2014 |
| Mr Steven R Paterson Director |
| Signed on behalf of the board of directors |
1 of 4
4
| Notes to the Abbreviated Financial Statements |
Steven R Paterson Ltd
For the year ended 30 September 2014
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
| Deferred taxation arises when items are charged or credited in accounts in different periods to those in which they are included in the company's tax computations.Deferred tax is provided in full on timing differences that result in an obligation to pay more (or less) tax at a future date. Deferred tax is calculated at the average rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The resulting deferred tax asset or liability is not discounted. |
| Proposed dividends are only included as liabilities in the financial statements when their payment has been approved |
| by the shareholders prior to the balance sheet date. |
| Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the |
| estimated expected useful economic life of the goodwill of 20 years. |
| Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Land and Buildings
Plant and Machinery
Motor Vehicles
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
| Stocks and work in progress |
| Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
2 of 4
5
| Notes to the Abbreviated Financial Statements |
Steven R Paterson Ltd
For the year ended 30 September 2014
| 2 Intangible fixed assets |
36,480
36,480
24,195
2,272
Charge for year
26,467
10,013
12,285
694,440
101,104
795,544
348,889
50,778
Charge for year
399,667
395,877
345,551
| 4 Fixed asset investments |
322
322
2014
| 5 Creditors: amounts falling due within one year |
2013
22,000
14,400
Bank loans and overdrafts (secured)
3 of 4
6
| Notes to the Abbreviated Financial Statements |
Steven R Paterson Ltd
For the year ended 30 September 2014
2013
2014
| 6 Creditors due after more than one year |
135,996
86,321
Bank loans and overdrafts (secured)
4 of 4
