Registered Number SC284866
ABERUCHILL MANAGEMENT LIMITED
Abbreviated Accounts
31 May 2015
Notes | 2015 | 2014 | |
---|---|---|---|
£ | £ | ||
Called up share capital not paid |
|
|
|
Fixed assets | |||
Tangible assets | 2 |
|
|
|
|
||
Current assets | |||
Stocks |
|
|
|
Debtors |
|
|
|
Cash at bank and in hand |
|
|
|
|
|
||
Creditors: amounts falling due within one year | 3 |
( |
( |
Net current assets (liabilities) |
|
|
|
Total assets less current liabilities |
|
|
|
Creditors: amounts falling due after more than one year | 3 |
( |
|
Accruals and deferred income |
( |
( |
|
Total net assets (liabilities) |
|
|
|
Capital and reserves | |||
Called up share capital | 4 |
|
|
Profit and loss account |
( |
( |
|
Shareholders' funds |
|
|
Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
Freehold property - 8% per annum straight line basis
Plant & machinery - 25% per annum reducing balance basis
Fixtures, fittings & equipment - 25% per annum reducing balance basis
Motor vehicles - 25% per annum reducing balance basis
Other accounting policies
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).
Stock
Stock is valued at the lower of cost and net realisable value
Single Farm Payment
Single Farm Payment represents a twelve month entitlement received in the year.||In the event that the conditions for the receipt of the Single Farm Payment have not been met, income recognition is deferred until such time as those conditions can be assumed to have been met, and there is reasonable assurance that the Single Farm Payment will be received.
Leasing and hire purchase commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
£ | |
---|---|
Cost | |
At 1 June 2014 |
|
Additions |
|
Disposals |
( |
Revaluations |
|
Transfers |
|
At 31 May 2015 |
|
Depreciation | |
At 1 June 2014 |
|
Charge for the year |
|
On disposals |
( |
At 31 May 2015 |
|
Net book values | |
At 31 May 2015 | 157,769 |
At 31 May 2014 | 88,176 |
2015
£ |
2014
£ |
|
---|---|---|
Secured Debts |
|
|