Company Registration No. SC407218 (Scotland)
A & A DOYLE LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2015
A & A DOYLE LIMITED
CONTENTS
Page
Accountants' report
1
Abbreviated balance sheet
2
Notes to the abbreviated accounts
3 - 4
A & A DOYLE LIMITED
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF A & A DOYLE LIMITED FOR THE YEAR ENDED 31 DECEMBER 2015
- 1 -
The following reproduces the text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited abbreviated financial statements set out on pages 2 to 4 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 A & A Doyle Limited for the year ended 31 December 2015 set out on pages 3 to 9 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the the Institute of Chartered Accountants of Scotland, we are subject to its ethical and other professional requirements which are detailed at www.icas.org.uk/accountspreparationguidance.
This report is made solely to the Board of Directors of A & A Doyle Limited, as a body, in accordance with the terms of our engagement letter dated 10 January 2012. Our work has been undertaken solely to prepare for your approval the financial statements of A & A Doyle Limited and state those matters that we have agreed to state to the Board of Directors of A & A Doyle Limited, as a body, in this report in accordance with AAF 2/10 as detailed at www.icas.org.uk/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A & A Doyle Limited and its Board of Directors as a body, for our work or for this report.
It is your duty to ensure that A & A Doyle 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 profit of A & A Doyle Limited. You consider that A & A Doyle 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 A & A Doyle 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.
Hogg & Thorburn
25 September 2016
Chartered Accountants
Moat House
14 Gala Park
GALASHIELS
Scottish Borders
TD1 1EX
A & A DOYLE LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2015
31 December 2015
- 2 -
2015
2014
Notes
£
£
Fixed assets
Tangible assets
1
24,236
28,342
Current assets
Stocks
2,701
4,033
Debtors
11,326
6,778
Cash at bank and in hand
16,506
11,758
30,533
22,569
Creditors: amounts falling due within one year
3
(19,856)
(45,470)
Net current assets/(liabilities)
10,677
(22,901)
Total assets less current liabilities
34,913
5,441
Creditors: amounts falling due after more than one year
4
(10,197)
(13,596)
24,716
(8,155)
Capital and reserves
Called up share capital
5
10,000
10,000
Profit and loss account
14,716
(18,155)
Shareholders' funds
24,716
(8,155)
For the financial year ended 31 December 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 25 September 2016
Allan Doyle
Director
Company Registration No. SC407218
A & A DOYLE LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2015
31 December 2015
- 3 -
1
Fixed assets
Tangible assets
£
Cost
At 1 January 2015
36,009
Additions
3,222
At 31 December 2015
39,231
Depreciation
At 1 January 2015
7,667
Charge for the year
7,328
At 31 December 2015
14,995
Net book value
At 31 December 2015
24,236
At 31 December 2014
28,342
2
Accounting policies
2.1
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).
2.2
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).
2.3
Turnover
Turnover represents amounts receivable for all funeral services net of VAT.
2.4
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:
Fixtures, fittings & equipment
25% reducing balance
Motor vehicles
25% reducing balance
2.5
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.
A & A DOYLE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015
2
Accounting policies
(Continued)
- 4 -
2.6
Stock
Stock of funeral materials is valued at the lower of cost and net realisable value.
3
Creditors: amounts falling due within one year
The aggregate amount of creditors for which security has been given amounted to £3,399 (2014 - £3,399).
Net obligations under finance lease and hire purchase contracts are secured by fixed charges on the assets concerned.
4
Creditors: amounts falling due after more than one year
The aggregate amount of creditors for which security has been given amounted to £10,197 (2014 - £13,596).
Net obligations under finance lease and hire purchase contracts are secured by fixed charges on the assets concerned.
5
Share capital
2015
2014
£
£
Allotted, called up and fully paid
10,000 Ordinary shares of £1 each
10,000
10,000
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