REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Abbreviated Unaudited Accounts for the Year Ended 31 December 2014 |
|
for |
|
S Thorburn Limited |
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Abbreviated Unaudited Accounts for the Year Ended 31 December 2014 |
|
for |
|
S Thorburn Limited |
S Thorburn Limited (Registered number: SC260947) |
|
|
|
|
|
|
Contents of the Abbreviated Accounts |
for the Year Ended 31 December 2014 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Abbreviated Balance Sheet | 2 |
|
Notes to the Abbreviated Accounts | 3 |
|
Chartered Accountants' Report | 5 |
S Thorburn Limited |
|
Company Information |
for the Year Ended 31 December 2014 |
|
|
|
|
|
|
|
DIRECTOR: |
|
|
|
|
|
|
SECRETARY: |
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
Chartered Accountants |
|
|
|
|
S Thorburn Limited (Registered number: SC260947) |
|
Abbreviated Balance Sheet |
31 December 2014 |
|
31.12.14 | 31.12.13 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
|
|
|
CURRENT ASSETS |
Stocks |
|
|
Debtors |
|
|
Cash at bank |
|
|
|
|
CREDITORS |
Amounts falling due within one year |
|
|
NET CURRENT ASSETS |
|
|
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CREDITORS |
Amounts falling due after more than one
year |
( |
) |
( |
) |
|
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
|
|
|
CAPITAL AND RESERVES |
Called up share capital | 3 |
|
|
Profit and loss account |
|
|
SHAREHOLDERS' FUNDS |
|
|
|
|
|
|
|
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. |
|
|
|
|
The financial statements were approved by the director on
|
|
|
|
|
|
|
|
S Thorburn Limited (Registered number: SC260947) |
|
Notes to the Abbreviated Accounts |
for the Year Ended 31 December 2014 |
|
1. | ACCOUNTING POLICIES |
|
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 April 2008). |
|
Turnover |
Turnover is stated net of VAT and is derived from livestock sales and subsidies, sales of feed stuffs and livestock |
haulage and other agricultural contracting services. Turnover from the sale of goods is recognised when the |
goods are physically delivered to the customer. Subsidies are recognised when the company is entitled to the |
amount and when this can be measured with reasonable certainty. Turnover from services is recognised when it |
is provided to customers. |
|
Other income |
Revenue grants are recognised when the company becomes entitled to the income. Grants towards capital |
expenditure are recognised as deferred income on the Balance Sheet and released to the Profit & Loss Account |
over the estimated useful life of the assets involved. |
|
Tangible fixed assets |
|
|
Plant and machinery etc | - |
|
|
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and |
slow moving items. |
|
Deferred tax |
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods |
different from those in which they are included in the company's accounts. Deferred tax is recognised in respect |
of all timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax |
rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. |
|
Deferred tax assets and liabilities are not discounted. |
|
2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 January 2014 |
|
Additions |
|
At 31 December 2014 |
|
DEPRECIATION |
At 1 January 2014 |
|
Charge for year |
|
At 31 December 2014 |
|
NET BOOK VALUE |
At 31 December 2014 |
|
At 31 December 2013 |
|
|
3. | CALLED UP SHARE CAPITAL |
|
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.12.14 | 31.12.13 |
value: | £ | £ |
|
Ordinary | £1 |
|
|
S Thorburn Limited (Registered number: SC260947) |
|
Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 December 2014 |
|
4. | DEFERRED GRANTS |
|
Other creditors include deferred grants of £115 (2013 - £115) falling due within one year and £2,061 (2013 - |
£2,175) falling due in more than one year. £115 (2013 - £115) was released to the Profit and Loss account in |
the year to 31 December 2014. |
|
5. | CONTROL |
|
Throughout the year control of the company has been exercised by S. Thorburn, Director. |
Chartered Accountants' Report to the Director |
on the Unaudited Financial Statements of |
S Thorburn Limited |
|
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. |
|
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
financial statements of S Thorburn Limited for the year ended 31 December 2014 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. |
|
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. |
|
This report is made solely to the director of S Thorburn Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of S Thorburn Limited and state those matters that we have agreed to state to the director of S Thorburn 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. |
|
It is your duty to ensure that S Thorburn 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 S Thorburn Limited. You consider that S Thorburn Limited is exempt from the statutory audit requirement for the year. |
|
We have not been instructed to carry out an audit or a review of the financial statements of S Thorburn 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. |
|
|
|
|
|
|
|
Chartered Accountants |
|
|
|
|
|
|
21 September 2015 |