SHIELDBRAE LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014
Company Registration No. SC168988 (Scotland)
SHIELDBRAE LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
SHIELDBRAE LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2014
31 December 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Tangible assets
2
42,385
42,525
Current assets
Debtors
4,302
4,876
Creditors: amounts falling due within one year
(26,643)
(26,378)
Net current liabilities
(22,341)
(21,502)
Total assets less current liabilities
20,044
21,023
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
20,042
21,021
Shareholders' funds
20,044
21,023
For the financial year ended 31 December 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 directors acknowledge their 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 29 September 2015
J Clark
Director
Company Registration No. SC168988
SHIELDBRAE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014
- 2 -
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 April 2008).
1.2
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:
Freehold land
Nil depreciation
Freehold buildings
2% straight line
2
Fixed assets
Tangible assets
£
Cost
At 1 January 2014 & at 31 December 2014
44,345
Depreciation
At 1 January 2014
1,820
Charge for the year
140
At 31 December 2014
1,960
Net book value
At 31 December 2014
42,385
At 31 December 2013
42,525
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid
2 Ordinary shares of £1 each
2
2