Company Registration No. SC211064 (Scotland)
LOTHIAN ANALYSER SERVICES LIMITED
ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
LOTHIAN ANALYSER SERVICES LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
LOTHIAN ANALYSER SERVICES LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 SEPTEMBER 2016
30 September 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
350
732
Current assets
Stocks
19,194
13,614
Debtors
20,611
26,025
Cash at bank and in hand
148,780
147,752
188,585
187,391
Creditors: amounts falling due within one year
(22,478)
(29,984)
Net current assets
166,107
157,407
Total assets less current liabilities
166,457
158,139
Provisions for liabilities
(70)
(147)
166,387
157,992
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
166,287
157,892
Shareholders' funds
166,387
157,992
For the financial year ended 30 September 2016 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 directors for issue on 23 June 2017
Mr Stephen John Hornsey
Director
Company Registration No. SC211064
LOTHIAN ANALYSER SERVICES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
- 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 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
Tangible fixed assets and depreciation
Tangible fixed assets 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:
Equipment
- 15% straight line
Computer equipment
- 33% straight line
Office Equipment
- 15% straight line
1.5
Stock
Stock is valued at the lower of cost and net realisable value.
1.6
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
2
Fixed assets
Tangible assets
£
Cost
At 1 October 2015 & at 30 September 2016
9,828
Depreciation
At 1 October 2015
9,096
Charge for the year
382
At 30 September 2016
9,478
Net book value
At 30 September 2016
350
At 30 September 2015
732
LOTHIAN ANALYSER SERVICES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2016
- 3 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
55 Ordinary "A" shares of £1 each
55
55
15 Ordinary "B" shares of £1 each
15
15
15 Ordinary "C" shares of £1 each
15
15
15 Ordinary "D" shares of £1 each
15
15
100
100