2014-06-01 true false Private Limited Company SC250328 2015-05-31 SC250328 2014-06-01 2015-05-31 SC250328 2014-05-31 SC250328 2013-06-01 2014-05-31 SC250328 uk-bus:Director1 2014-06-01 2015-05-31 SC250328 uk-gaap:PlantMachinery 2014-06-01 2015-05-31 SC250328 uk-bus:OrdinaryShareClass1 2015-05-31 iso4217:GBP
A & M Dobbin Limited
For the year ended 31 May 2015
Unaudited Abbreviated Report and Financial Statements
Scotland
Registered Number: SC250328
2
Contents Page
A & M Dobbin Limited
For the year ended 31 May 2015
1
Balance Sheet
2 to 3
Notes to the Abbreviated Financial Statements
3
Abbreviated Balance Sheet
A & M Dobbin Limited
As at 31 May 2015
SC250328
Registered Number :
£
£
2015
Notes
2014
Fixed assets
Intangible assets
2
40,000
45,000
Tangible assets
3
25,431
33,909
65,431
78,909
Current assets
Stocks
36,159
32,475
Debtors
14,169
11,802
Cash at bank and in hand
12,401
13,609
56,678
63,937
Creditors : amounts falling due within one year
(121,028)
(116,901)
(57,091)
(60,223)
Net current liabilities
Total assets less current liabilities
5,208
21,818
5,208
Net assets
21,818
Capital and reserves
Called up share capital
4
4
4
Profit and loss account
5,204
21,814
5,208
21,818
Shareholders funds
For the year ended 31 May 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
2) 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.
Date approved by the board: 15 October 2015
A M Dobbin Director
Signed on behalf of the board of directors
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4
Notes to the Abbreviated Financial Statements
A & M Dobbin Limited
For the year ended 31 May 2015
1 Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Dividends
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved
by the shareholders prior to the balance sheet date .
Goodwill
Acquired goodwill is stated at cost less amortisation . Amortisation is calculated on a straight line basis over the
estimated expected useful economic life of the goodwill of 20 years .
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
25% Reducing balance
Stocks
Stocks 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 costs and an appropriate proportion of fixed and variable overheads.
2 Intangible fixed assets
Cost or valuation
Intangible
fixed assets
£
At 01 June 2014
100,000
100,000
At 31 May 2015
Amortisation
55,000
At 01 June 2014
5,000
Charge for year
60,000
At 31 May 2015
40,000
Net Book Values
At 31 May 2015
45,000
At 31 May 2014
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5
Notes to the Abbreviated Financial Statements
A & M Dobbin Limited
For the year ended 31 May 2015
3 Tangible fixed assets
Tangible fixed
assets
Cost or valuation
£
93,583
At 01 June 2014
At 31 May 2015
93,583
Depreciation
59,674
At 01 June 2014
8,478
Charge for year
68,152
At 31 May 2015
Net book values
At 31 May 2015
25,431
33,909
At 31 May 2014
4 Share capital
Allotted called up and fully paid
2015
2014
£
£
4 Class A shares of £ 1 . 00 each
4
4
4
4
3 of 3