Balcon Limited - Limited company - abbreviated

REGISTERED NUMBER: SC283990 (Scotland)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2014

FOR

BALCON LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

C Wilson

Mrs M Wilson

SECRETARY:

Mrs M Wilson

REGISTERED OFFICE:

Sabhal Mor

Branziet Farm

Balmore

Torrance

G64 4AH

REGISTERED NUMBER:

SC283990 (Scotland)

ACCOUNTANTS:

D S Anderson

Chartered Accountant

DS Anderson & Co

62 Townhead

Kirkintilloch

Glasgow

G66 1NZ

FIXED ASSETS

Tangible assets

2

73,202

26,693

CURRENT ASSETS

Stocks

5,663

9,027

Debtors

45,287

4,944

Cash at bank

45,101

16,932

96,051

30,903

CREDITORS

Amounts falling due within one year

(99,086

)

(28,634

)

NET CURRENT (LIABILITIES)/ASSETS

(3,035

)

2,269

TOTAL ASSETS LESS CURRENT
LIABILITIES

70,167

28,962

PROVISIONS FOR LIABILITIES

(14,640

)

(4,820

)

NET ASSETS

55,527

24,142

CAPITAL AND RESERVES

Called up share capital

3

4

Profit and loss account

55,523

24,138

SHAREHOLDERS' FUNDS

55,527

24,142

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 24 December 2014 and were signed on its behalf
by:

C Wilson - Director

1.	ACCOUNTING POLICIES

Basis of accounting

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.

Tangible fixed assets

Depreciation has been provided at the following annual rates in order to write off each asset over its useful life:-

Vehicles, Plant & Machinery &

Computer Equipment - 25% on reducing balance

Stocks

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 expenditure and an appropriate proportion of fixed and variable overheads.

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.

Long term contracts

Amounts recoverable on contracts, which are included in debtors, are stated at cost plus attributable profit less

any foreseeable losses. The profit on each individual contract is the lower of earned to date and that forecast at

completion. Payments received on account are deducted from amounts recoverable on contracts. Such amounts

which have been received and exceed amounts recoverable are included in creditors.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2013

97,552

Additions

59,157

Disposals

(31,110

)

At 31 August 2014

125,599

DEPRECIATION

At 1 September 2013

70,859

Charge for year

8,387

Eliminated on disposal

(26,849

)

At 31 August 2014

52,397

NET BOOK VALUE

At 31 August 2014

73,202

At 31 August 2013

26,693

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.14

31.8.13

value:

£

4

Ordinary

1

4

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The balance due to the directors at the end of the year amounted to £16,809 (2013: £8,965).

Balcon Limited - Limited company - abbreviated - 11.0.0

Balcon Limited - Limited company - abbreviated - 11.0.0