STEWARTRY TYRES (NEWTON STEWART) LIMITED

STEWARTRY TYRES (NEWTON STEWART) LIMITED

STEWARTRY TYRES (NEWTON STEWART) LIMITED - Company Information

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STEWARTRY TYRES (NEWTON STEWART) LIMITED

Company Registration Number:
SC454321 (Scotland)

Unaudited abridged accounts for the year ended 30 November 2017

Period of accounts

Start date: 01 December 2016

End date: 30 November 2017

STEWARTRY TYRES (NEWTON STEWART) LIMITED

Contents of the Financial Statements

for the Period Ended 30 November 2017

Balance sheet
Notes

STEWARTRY TYRES (NEWTON STEWART) LIMITED

Balance sheet

As at 30 November 2017


Notes
2017
2016


£
£
Fixed assets
Intangible assets: 3 16,075 18,754
Tangible assets: 4 46,178 40,620
Total fixed assets: 62,253 59,374
Current assets
Stocks: 118,258 82,007
Debtors:   146,561 161,344
Cash at bank and in hand:   26,075
Total current assets: 264,819 269,426
Creditors: amounts falling due within one year:   (194,012) (217,369)
Net current assets (liabilities): 70,807 52,057
Total assets less current liabilities: 133,060 111,431
Creditors: amounts falling due after more than one year:     (3,667)
Provision for liabilities: (8,363) (7,343)
Total net assets (liabilities): 124,697 100,421
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 124,597 100,321
Shareholders funds: 124,697 100,421

The notes form part of these financial statements

STEWARTRY TYRES (NEWTON STEWART) LIMITED

Balance sheet statements

For the year ending 30 November 2017 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 28 August 2018
and signed on behalf of the board by:

Name: Mr Donald McIntyre
Status: Director

The notes form part of these financial statements

STEWARTRY TYRES (NEWTON STEWART) LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2017

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

STEWARTRY TYRES (NEWTON STEWART) LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2017

2. Employees

2017 2016
Average number of employees during the period 6 6

STEWARTRY TYRES (NEWTON STEWART) LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2017

3. Intangible Assets

Total
Cost £
At 01 December 2016 26,791
At 30 November 2017 26,791
Amortisation
At 01 December 2016 8,037
Charge for year 2,679
At 30 November 2017 10,716
Net book value
At 30 November 2017 16,075
At 30 November 2016 18,754

STEWARTRY TYRES (NEWTON STEWART) LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2017

4. Tangible Assets

Total
Cost £
At 01 December 2016 63,223
Additions 17,102
At 30 November 2017 80,325
Depreciation
At 01 December 2016 22,603
Charge for year 11,544
At 30 November 2017 34,147
Net book value
At 30 November 2017 46,178
At 30 November 2016 40,620

STEWARTRY TYRES (NEWTON STEWART) LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2017

5. Changes in presentation and prior period adjustments

Transition to FRS102These are the first financial statements that comply with FRS102. The company transitioned to FRS102 on 1 December 2015.Reconciliation of equity No transitional adjustments were requiredReconciliation of profit or loss for the yearNo transitional adjustments were required