D. Jamieson & Son Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: SC074292 (Scotland)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

FOR

D. Jamieson & Son Limited

Page

Company information

1

Abbreviated balance sheet

2

Notes to the abbreviated accounts

4

DIRECTORS:

D G Jamieson

D A Jamieson

Ms L A Jamieson

SECRETARY:

D G Jamieson

REGISTERED OFFICE:

962 Crow Road North

Anniesland

Glasgow

Lanarkshire

G13 1JF

REGISTERED NUMBER:

SC074292 (Scotland)

ACCOUNTANTS:

Burgoyne Carey

Chartered Accountants

Pavilion 2

3 Dava Street

Broomloan Road

Glasgow

G51 2JA

FIXED ASSETS

Tangible assets

2

27,062

24,438

CURRENT ASSETS

Stocks

46,064

39,217

Debtors

151,926

151,731

Cash at bank and in hand

1,388

3,287

199,378

194,235

CREDITORS

Amounts falling due within one year

(102,427

)

(99,667

)

NET CURRENT ASSETS

96,951

94,568

TOTAL ASSETS LESS CURRENT LIABILITIES

124,013

119,006

CREDITORS

Amounts falling due after more than one year

(6,217

)

(663

)

NET ASSETS

117,796

118,343

CAPITAL AND RESERVES

Called up share capital

3

10,000

10,000

Profit and loss account

107,796

108,343

SHAREHOLDERS' FUNDS

117,796

118,343

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 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 Board of Directors on 29 October 2014 and were signed on its behalf by:

D A Jamieson - 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 amounts invoiced during the year net, exclusive of 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.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

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

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.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

The company makes contributions to the director's personal pension scheme.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

289,692

Additions

11,650

At 31 March 2014

301,342

DEPRECIATION

At 1 April 2013

265,254

Charge for year

9,026

At 31 March 2014

274,280

NET BOOK VALUE

At 31 March 2014

27,062

At 31 March 2013

24,438

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

10,000

Ordinary

£1

10,000

10,000