Company Registration No. NI006672 (Northern Ireland)
ALEXANDER CAIRNDUFF & SONS LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2015
ALEXANDER CAIRNDUFF & SONS LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
ALEXANDER CAIRNDUFF & SONS LTD
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2015
31 March 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
34,840
29,010
Current assets
Stocks
151,750
239,500
Debtors
73,684
24,649
Cash at bank and in hand
174,387
128,973
399,821
393,122
Creditors: amounts falling due within one year
3
(205,917)
(221,013)
Net current assets
193,904
172,109
Total assets less current liabilities
228,744
201,119
Provisions for liabilities
(6,093)
(4,734)
222,651
196,385
Capital and reserves
Called up share capital
4
4,500
9,000
Other reserves
4,500
-
Profit and loss account
213,651
187,385
Shareholders' funds
222,651
196,385
For the financial year ended 31 March 2015 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 11 December 2015
Mr S,R Cairnduff
Director
Company Registration No. NI006672
ALEXANDER CAIRNDUFF & SONS LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015
- 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
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:
Plant and machinery
20% on a reducing balance basis
Fixtures, fittings & equipment
20% on a reducing balance basis
Motor vehicles
25% on a reducing balance basis
1.5
Stock and work in progress
Work in progress is stated at the expected sales value of work done to date, after allowing for remaining costs.
1.6
Pensions
The company operates a defined contribution scheme for the benefit of its directors. Contributions payable are charged to the profit and loss account in the year they are payable.
1.7
Deferred taxation
Deferred tax 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.
ALEXANDER CAIRNDUFF & SONS LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2015
- 3 -
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2014
148,401
Additions
15,733
At 31 March 2015
164,134
Depreciation
At 1 April 2014
119,391
Charge for the year
9,903
At 31 March 2015
129,294
Net book value
At 31 March 2015
34,840
At 31 March 2014
29,010
3
Creditors: amounts falling due within one year
Included in Other Creditors is £16,879 owed to the directors.
4
Share capital
2015
2014
£
£
Allotted, called up and fully paid
4,500 Ordinary Shares of £1 each
4,500
9,000
On 30 March 2015 4,500 of the £1 Ordinary Shares were purchased back by the company and cancelled.