Company Registration No. SC303193 (Scotland)
AYRSHIRE REFRIGERATION LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
AYRSHIRE REFRIGERATION LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
AYRSHIRE REFRIGERATION LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Intangible assets
2
20,500
22,500
Tangible assets
2
62,597
53,298
83,097
75,798
Current assets
Stocks
6,700
4,700
Debtors
40,076
1,966
Cash at bank and in hand
4,898
5,364
51,674
12,030
Creditors: amounts falling due within one year
(78,397)
(62,434)
Net current liabilities
(26,723)
(50,404)
Total assets less current liabilities
56,374
25,394
Creditors: amounts falling due after more than one year
(4,769)
(2,880)
Provisions for liabilities
(4,343)
(2,445)
47,262
20,069
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
47,162
19,969
Shareholders' funds
47,262
20,069
AYRSHIRE REFRIGERATION LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2016
31 March 2016
- 2 -
For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 22 December 2016
Adam Boyd
Director
Company Registration No. SC303193
AYRSHIRE REFRIGERATION LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 3 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
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).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.5
Tangible fixed assets and depreciation
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:
Land and buildings Freehold
Plant and machinery
25% reducing balance method
Fixtures, fittings & equipment
25% reducing balance method
Motor vehicles
25% reducing balance method
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 April 2015
40,000
71,523
111,523
Additions
-
16,795
16,795
At 31 March 2016
40,000
88,318
128,318
Depreciation
At 1 April 2015
17,500
18,225
35,725
Charge for the year
2,000
7,496
9,496
At 31 March 2016
19,500
25,721
45,221
Net book value
At 31 March 2016
20,500
62,597
83,097
At 31 March 2015
22,500
53,298
75,798
AYRSHIRE REFRIGERATION LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2016
- 4 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary of £1 each
100
100