Bayhead Bridge Centre (Trading) Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: SC330003 (Scotland)

BAYHEAD BRIDGE CENTRE (TRADING) LIMITED

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 JULY 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

D Morrison

I Macmillan

A M Mackenzie

J Macdonald

SECRETARY:

M E Macleod

REGISTERED OFFICE:

24-26 Lewis Street

Stornoway

Isle of Lewis

HS1 2JF

REGISTERED NUMBER:

SC330003 (Scotland)

ACCOUNTANTS:

Mann Judd Gordon Ltd

Chartered Accountants

26 Lewis Street

Stornoway

Isle of Lewis

HS1 2JF

FIXED ASSETS

Tangible assets

2

12,788

382

CURRENT ASSETS

Debtors

9,704

9,018

Cash at bank and in hand

10,184

8,130

19,888

17,148

CREDITORS

Amounts falling due within one year

25,525

20,070

NET CURRENT LIABILITIES

(5,637

)

(2,922

)

TOTAL ASSETS LESS CURRENT LIABILITIES

7,151

(2,540

)

ACCRUALS AND DEFERRED INCOME

10,442

-

NET LIABILITIES

(3,291

)

(2,540

)

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

(3,292

)

(2,541

)

SHAREHOLDERS' FUNDS

(3,291

)

(2,540

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 21 November 2014 and were signed on its behalf by:

I Macmillan - Director

J Macdonald - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on the going concern basis, despite the excess of liabilities over

assets at the end of the year. The directors have taken steps to ensure, as far as possible, that future trading will

be profitable. In addition revised payment terms have been sought with the major creditors.

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).

Changes in accounting policies

During the year the directors came to the opinion that all income should be treated as turnover as opposed to the

rental income being treated as other income. This reflects the company's Principal Activity, namely "the

provision of rental accommodation and community centre.". The figures for the year ended 31 July 2012 have

been amended for consistency of reporting.

Turnover and other income

Turnover and other income represents income receivable in the period under review, according to the various

income-types. The company is not registered for VAT.

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 cost

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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2013

765

Additions

12,597

At 31 July 2014

13,362

DEPRECIATION

At 1 August 2013

383

Charge for year

191

At 31 July 2014

574

NET BOOK VALUE

At 31 July 2014

12,788

At 31 July 2013

382

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.14

31.7.13

value:

£

£

1

Ordinary

1

1

1

4.	RELATED PARTY DISCLOSURES

Included within debtors due within one year is an amount due from The Bayhead Bridge Centre, the ultimate

controlling party of £358 (2013 - £597). There are no fixed term of repayment and no interest is charged on the

amount loaned.

5.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is The Bayhead Bridge Centre, a charitable company registered in Scotland,

number SC279340. The company owns 100% of the issued share capital.