SCOT TILE CONTRACTS LIMITED - Accounts 2013

SCOT TILE CONTRACTS LIMITED - Accounts 2013

SCOT TILE CONTRACTS LIMITED - Company Information

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2013-01-012013-12-31SC153711falsetruehttp://www.companieshouse.gov.uk/pt:LandBuildingspt:ShortLeaseholdProperties2012-12-31http://www.companieshouse.gov.uk/pt:LandBuildingspt:ShortLeaseholdProperties2013-12-31http://www.companieshouse.gov.uk/cd:Director12013-01-012013-12-31http://www.companieshouse.gov.uk/pt:FixturesFittings2012-12-31http://www.companieshouse.gov.uk/pt:FixturesFittings2013-12-31http://www.companieshouse.gov.uk/pt:LandBuildingspt:ShortLeaseholdProperties2013-01-012013-12-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12013-01-012013-12-31http://www.companieshouse.gov.uk/pt:SharesFixedAssetInvestmentspt:GroupUndertakingsOtherParticipatingInterests2012-12-31http://www.companieshouse.gov.uk/pt:MotorCars2012-12-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12013-12-31http://www.companieshouse.gov.uk/pt:SharesFixedAssetInvestmentspt:GroupUndertakingsOtherParticipatingInterests2013-12-31http://www.companieshouse.gov.uk/pt:MotorCars2013-12-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12012-12-31http://www.companieshouse.gov.uk/pt:FixturesFittings2013-01-012013-12-31http://www.companieshouse.gov.uk/pt:MotorCars2013-01-012013-12-31http://www.companieshouse.gov.uk/2012-01-012012-12-31http://www.companieshouse.gov.uk/2013-01-012013-12-31http://www.companieshouse.gov.uk/2012-12-31http://www.companieshouse.gov.uk/2013-12-31http://www.companieshouse.gov.uk/cd:EntityAccountantsOrAuditors2013-01-012013-12-31http://www.companieshouse.gov.uk/2012-12-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: SC153711
Scot Tile Contracts Limited
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31/12/2013
Prepared By:
Accountancy Assured Limited
Accountants
Suite 1 Beaverhall House
27 Beaverhall Road
Edinburgh
EH7 4JE

Scot Tile Contracts Limited
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31/12/2013
INDEX TO THE ACCOUNTS
Abbreviated Balance Sheet2
Notes to the Abbreviated Accounts4
The company's registered number is SC153711

Scot Tile Contracts Limited
Registered Number: SC153711
BALANCE SHEET AT 31/12/2013
20132012
Notes££
FIXED ASSETS
Tangible assets224,32929,813
Investments31,0001,000
25,32930,813
CURRENT ASSETS
Stock22,64931,806
Debtors (amounts falling due within one year)4308,861277,070
Cash at bank and in hand43,2197,126
374,729316,002
CREDITORS: Amounts falling due within one year106,10178,667
NET CURRENT ASSETS268,628237,335
TOTAL ASSETS LESS CURRENT LIABILITIES293,957268,148
CREDITORS: Amounts falling due after more than one year53,2507,583
PROVISIONS FOR LIABILITIES4,3232,865
NET ASSETS286,384257,700
CAPITAL AND RESERVES
Called up share capital6100100
Profit and loss account286,284257,600
SHAREHOLDERS' FUNDS286,384257,700

Scot Tile Contracts Limited
Registered Number: SC153711
For the year ending 31/12/2013 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.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board on 20/08/2014 and signed on their behalf by
Keith David Smith
Director
.............................
John Ian Patrick
Director

Scot Tile Contracts Limited
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/12/2013
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1b. Cash Flow Statement
The Company is exempt from including a statement of cash flows in its accounts in accordance with Financial Reporting Standard for Smaller Entities (effective April 2008).
1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Fixtures and Fittingsstraight line 20%
Motor Carsreducing balance 25%
1d. Stocks
Stock and work in progress are valued at the lower of cost and and net realisable value, after due regard for obsolete and slow moving stocks.
1e. Taxation
Corporation tax payable is provided on taxable profits at the current rates.
Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that the transfer of economic benefits in the future is uncertain. Deferred tax assets and liabilities recognised have not been discounted.
1f. Pension Costs
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
1g. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.

Scot Tile Contracts Limited
1h. Investments
Fixed asset investments are shown at cost less amounts written off.
Provisions are made for temporary fluctuations in value.
2. TANGIBLE FIXED ASSETS
Short LeaseholdFixtures
Propertiesand FittingsMotor CarsTotal
££££
Cost
At 01/01/20132,12221,986100,136124,244
Additions-4,062-4,062
Disposals--(47,158)(47,158)
At 31/12/20132,12226,04852,97881,148
Depreciation
At 01/01/20132,12221,53270,77794,431
Disposals--(40,713)(40,713)
For the year-9642,1373,101
At 31/12/20132,12222,49632,20156,819
Net Book Amounts
At 31/12/2013-3,55220,77724,329
At 31/12/2012-45429,35929,813

Scot Tile Contracts Limited
3. INVESTMENT FIXED ASSETS
Shares in group companies
and participating interestsTotal
££
Cost
At 01/01/20131,0001,000
At 31/12/20131,0001,000
Amortisation
Net Book Amounts
At 31/12/20131,0001,000
At 31/12/20121,0001,000
4. DEBTORS 20132012
££
Amounts falling due within one year:
Trade debtors295,473265,276
VAT8,7966,912
Other debtors4,5924,882
308,861277,070
5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20132012
££
Other creditors3,2507,583
3,2507,583
Included in other creditors are:
Obligations under finance leases3,2507,583

Scot Tile Contracts Limited
6. SHARE CAPITAL 20132012
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100
7. RELATED PARTY TRANSACTIONS
Dividends of £78,857 was paid to the directors of the company during the year.
8. TRANSACTIONS WITH DIRECTORS
At 31 December 2013 an accumulated total of £22,757 (2012 - £30,786) was due to the directors from the company, detailed as follows:
2013 - KD Smith - £0; E Smith - £18,851; JI Patrick - £3906
The loans are interest free, unsecured and repayable on demand. The maximum amount outstanding during the year was £36,479
9. CONTROLLING PARTY
The company was controlled throughout the current and previous period by the directors, Mr KD Smith & Ms E Smith who between them own 58% of the ordinary share capital of the company.