Angus Campbell Ltd. - Accounts to registrar (filleted) - small 18.2
Angus Campbell Ltd. - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| ANGUS CAMPBELL LTD. |
| FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2018 |
| ANGUS CAMPBELL LTD. (REGISTERED NUMBER: SC162315) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the Year Ended 31 January 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| ANGUS CAMPBELL LTD. |
| COMPANY INFORMATION |
| for the Year Ended 31 January 2018 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 26 Lewis Street |
| Stornoway |
| Isle of Lewis |
| HS1 2JF |
| ANGUS CAMPBELL LTD. (REGISTERED NUMBER: SC162315) |
| BALANCE SHEET |
| 31 January 2018 |
| 31.1.18 | 31.1.17 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| CURRENT ASSETS |
| Stocks | 6 |
| Debtors | 7 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
9 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| ANGUS CAMPBELL LTD. (REGISTERED NUMBER: SC162315) |
| BALANCE SHEET - continued |
| 31 January 2018 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the director on |
| ANGUS CAMPBELL LTD. (REGISTERED NUMBER: SC162315) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Year Ended 31 January 2018 |
| 1. | STATUTORY INFORMATION |
| Angus Campbell Ltd. is a |
| number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 |
| Buildings | - |
| Improvements to property | - |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
| moving items. |
| 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. |
| 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. |
| ANGUS CAMPBELL LTD. (REGISTERED NUMBER: SC162315) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 January 2018 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Improvements |
| to | Plant and |
| Buildings | property | machinery |
| £ | £ | £ |
| COST |
| At 1 February 2017 |
| At 31 January 2018 |
| DEPRECIATION |
| At 1 February 2017 |
| Charge for year |
| Eliminated on disposal |
| At 31 January 2018 |
| NET BOOK VALUE |
| At 31 January 2018 |
| At 31 January 2017 |
| Fixtures |
| and | Motor | Computer |
| fittings | vehicles | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 February 2017 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31 January 2018 |
| DEPRECIATION |
| At 1 February 2017 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31 January 2018 |
| NET BOOK VALUE |
| At 31 January 2018 |
| At 31 January 2017 |
| ANGUS CAMPBELL LTD. (REGISTERED NUMBER: SC162315) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 January 2018 |
| 5. | FIXED ASSET INVESTMENTS |
| The fixed asset investment relates to two freehold properties both of which are valued at cost. |
| 6. | STOCKS |
| 31.1.18 | 31.1.17 |
| £ | £ |
| Stocks |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.1.18 | 31.1.17 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Inter company | 27,175 | 23,175 |
| Tax |
| Prepayments and accrued income |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.1.18 | 31.1.17 |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts |
| Trade creditors |
| Tax |
| Social security and other taxes |
| VAT | 6,739 | 8,340 |
| Accrued expenses |
| 9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.1.18 | 31.1.17 |
| £ | £ |
| Bank loans - 1-2 years |
| Bank loans - 2-5 years |
| Hire purchase contracts |
| ANGUS CAMPBELL LTD. (REGISTERED NUMBER: SC162315) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 January 2018 |
| 10. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 31.1.18 | 31.1.17 |
| £ | £ |
| Bank loans |
| The Bank of Scotland has a bond and floating charge over the whole assets of the company. |
| The Bank of Scotland has standard security over the properties at 15 Seaview Terrace, Stornoway and 44 |
| Seaforth Road, Stornoway. |
| 11. | RELATED PARTY DISCLOSURES |
| Trade debtors include £35,699 (2017: £47,064) due from Lochs Services Ltd. |
| Debtors also include an inter company balance of £27,175 due from Lochs Services Ltd (2017: £23,175 ). |
| There are no repayment terms in place and no interest is charged. |
| An administration fee of £24,000 (2017: £24,000) is charged to Lochs Services Ltd. |
| The director and shareholder of Angus Campbell Ltd. is also the director and shareholder of Lochs Services Ltd. |
| 12. | ULTIMATE CONTROLLING PARTY |
| The controlling party is A Campbell. |