Scope Flooring Ltd. - Limited company - abbreviated - 11.6

REGISTERED NUMBER: SC395969 (Scotland)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2014

FOR

SCOPE FLOORING LTD.

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

C Boyle

SECRETARY:

Mrs L Boyle

REGISTERED OFFICE:

20 Anderson Street

Airdrie

Lanarkshire

ML6 0AA

REGISTERED NUMBER:

SC395969 (Scotland)

ACCOUNTANTS:

Benson Wood & Co.

20 Anderson Street

Airdrie

Lanarkshire

ML6 0AA

BANKERS:

Clydesdale Bank plc

23 Bank Street

Airdrie

Lanarkshire

ML6 6AD

FIXED ASSETS

Intangible assets

2

14,910

22,365

Tangible assets

3

2,339

2,147

17,249

24,512

CURRENT ASSETS

Debtors

2,946

2,009

Cash at bank

1,872

2,607

4,818

4,616

CREDITORS

Amounts falling due within one year

21,624

17,014

NET CURRENT LIABILITIES

(16,806

)

(12,398

)

TOTAL ASSETS LESS CURRENT LIABILITIES

443

12,114

CREDITORS

Amounts falling due after more than one year

(11,863

)

(15,409

)

PROVISIONS FOR LIABILITIES

(468

)

(429

)

NET LIABILITIES

(11,888

)

(3,724

)

CAPITAL AND RESERVES

Called up share capital

4

2

2

Profit and loss account

(11,890

)

(3,726

)

SHAREHOLDERS' FUNDS

(11,888

)

(3,724

)

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 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.

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 director on 30 December 2014 and were signed by:

C Boyle - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on the going concern basis which assumes that the company will

continue in operational existence in the foreseeable future. The validity of this assumption depends on the

continued support of the company's director for the forthcoming year. The director believes that it is appropriate

for the going concern basis to be used.

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 net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of five years.

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

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

37,275

AMORTISATION

At 1 April 2013

14,910

Amortisation for year

7,455

At 31 March 2014

22,365

NET BOOK VALUE

At 31 March 2014

14,910

At 31 March 2013

22,365

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

2,908

Additions

818

At 31 March 2014

3,726

DEPRECIATION

At 1 April 2013

761

Charge for year

626

At 31 March 2014

1,387

NET BOOK VALUE

At 31 March 2014

2,339

At 31 March 2013

2,147

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

2

Ordinary

£1

2

2