Registered Number SC284866


Abbreviated Accounts

31 May 2015


Abbreviated Balance Sheet as at 31 May 2015

Notes 2015 2014
£ £
Called up share capital not paid - -
Fixed assets
Tangible assets 2 157,769 88,176
157,769 88,176
Current assets
Stocks 139,510 148,700
Debtors 302,319 3,057
Cash at bank and in hand 123,925 177,810
565,754 329,567
Creditors: amounts falling due within one year 3 (388,159 ) (69,377 )
Net current assets (liabilities) 177,595 260,190
Total assets less current liabilities 335,364 348,366
Creditors: amounts falling due after more than one year 3 (8,579 ) -
Accruals and deferred income (101,500 ) (116,000 )
Total net assets (liabilities) 225,285 232,366
Capital and reserves
Called up share capital 4 289,400 289,400
Profit and loss account (64,115 ) (57,034 )
Shareholders' funds 225,285 232,366

  • For the year ending 31 May 2015 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 29 February 2016

And signed on their behalf by:
A Castle, Director


Notes to the Abbreviated Accounts for the period ended 31 May 2015

1 Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Freehold property - 8% per annum straight line basis
Plant & machinery - 25% per annum reducing balance basis
Fixtures, fittings & equipment - 25% per annum reducing balance basis
Motor vehicles - 25% per annum reducing balance basis

Other accounting policies
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

Stock is valued at the lower of cost and net realisable value

Single Farm Payment
Single Farm Payment represents a twelve month entitlement received in the year.||In the event that the conditions for the receipt of the Single Farm Payment have not been met, income recognition is deferred until such time as those conditions can be assumed to have been met, and there is reasonable assurance that the Single Farm Payment will be received.

Leasing and hire purchase commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

2 Tangible fixed assets
At 1 June 2014 233,663
Additions 118,560
Disposals (22,669 )
Revaluations -
Transfers -
At 31 May 2015 329,554
At 1 June 2014 145,487
Charge for the year 36,216
On disposals (9,918 )
At 31 May 2015 171,785
Net book values
At 31 May 2015 157,769
At 31 May 2014 88,176
3 Creditors
Secured Debts 14,529 -
4 Called Up Share Capital
Allotted, called up and fully paid:
289,400 Ordinary shares of £1 each 289,400 289,400