REGISTERED NUMBER:
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BALMORAL MOTORHOMES LIMITED |
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED 31 OCTOBER 2015 |
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REGISTERED NUMBER:
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BALMORAL MOTORHOMES LIMITED |
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED 31 OCTOBER 2015 |
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BALMORAL MOTORHOMES LIMITED (REGISTERED NUMBER: SC365778) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 OCTOBER 2015 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 3 | to | 4 |
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Chartered Accountants' Report | 5 |
BALMORAL MOTORHOMES LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 OCTOBER 2015 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
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BANKERS: |
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BALMORAL MOTORHOMES LIMITED (REGISTERED NUMBER: SC365778) |
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ABBREVIATED BALANCE SHEET |
31 OCTOBER 2015 |
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2015 | 2014 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
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( |
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CAPITAL AND RESERVES |
Called up share capital | 3 |
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Profit and loss account | ( |
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SHAREHOLDERS' FUNDS | ( |
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The director acknowledges his 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. |
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The financial statements were approved by the director on
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BALMORAL MOTORHOMES LIMITED (REGISTERED NUMBER: SC365778) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 OCTOBER 2015 |
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1. | ACCOUNTING POLICIES |
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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 January 2015). |
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Turnover |
Turnover represents net invoiced sales of goods, excluding value added tax. Consideration is given to the date at |
which the company becomes entitled to receive this income. |
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Tangible fixed assets |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful |
life: |
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Plant and machinery - 25% on cost |
Fixtures and fittings - 10% and 25% on cost |
Motor vehicles - 25% on cost |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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Going concern |
At the balance sheet date the company's liabilities exceeded the total assets by £67,189 . The company meets its |
day to day working capital requirements through the continuing support of its principal creditors, the company |
directors. |
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The financial statements have been prepared on a going concern basis which assumes that the company will |
continue in operational existence for the foreseeable future. |
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The directors believe that it is appropriate for the financial statements to be prepared on a going concern basis. |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 November 2014 |
and 31 October 2015 |
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DEPRECIATION |
At 1 November 2014 |
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Charge for year |
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At 31 October 2015 |
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NET BOOK VALUE |
At 31 October 2015 |
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At 31 October 2014 |
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BALMORAL MOTORHOMES LIMITED (REGISTERED NUMBER: SC365778) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31 OCTOBER 2015 |
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3. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
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Number: | Class: | Nominal | 2013 | 2012 |
Value: | £ | £ |
37,500 | A ordinary | £1 | 37,500 | 37,500 |
37,500 | B ordinary | £1 | 37,500 | 37,500 |
1 | D ordinary | £1 | 1 | 1 |
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75,001 | 75,001 |
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4. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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At 31st October, 2016 £75,000 of the loan from the former director, was capitalised. This increase in share |
capital eliminated the debit balance on the balance sheet. |
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
BALMORAL MOTORHOMES LIMITED |
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The following reproduces the text of the report prepared for the director in respect of the company's annual |
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to four) |
have been prepared. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
financial statements of Balmoral Motorhomes Limited for the year ended 31 October 2015 which comprise the Profit |
and Loss Account, the Balance Sheet, and the related notes from the company's accounting records and from information |
and explanations you have given us. |
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As a practising member firm of the Institute of Chartered Accountants of Scotland, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.org.uk/accountspreparationguidance. |
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This report is made solely to the director of Balmoral Motorhomes Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Balmoral Motorhomes Limited and state those matters that we have agreed to state to the director of Balmoral Motorhomes Limited in this report in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at http://www.icas.org.uk/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report. |
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It is your duty to ensure that Balmoral Motorhomes Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Balmoral Motorhomes Limited. You consider that Balmoral Motorhomes Limited is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of Balmoral Motorhomes Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
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Chartered Accountants |
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31 October 2016 |