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REGISTERED NUMBER: SC238514 (Scotland)















Unaudited Financial Statements for the Year Ended 31 December 2016

for

A.b. Specialist Hose Supplies Limited

A.b. Specialist Hose Supplies Limited (Registered number: SC238514)






Contents of the Financial Statements
for the Year Ended 31 December 2016




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A.b. Specialist Hose Supplies Limited

Company Information
for the Year Ended 31 December 2016







DIRECTORS: A Bannerman
A Bones





SECRETARY: A Bannerman





REGISTERED OFFICE: Unit 28
Hillhouse Managed Workshops
37 Argyle Crescent
Hamilton
ML3 9BQ





REGISTERED NUMBER: SC238514 (Scotland)





ACCOUNTANTS: R A Scott Wheelan & Co.
Chartered Accountants
13 Fitzroy Place
Glasgow
G3 7RW

A.b. Specialist Hose Supplies Limited (Registered number: SC238514)

Balance Sheet
31 December 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 42,292 21,587

CURRENT ASSETS
Stocks 1,822 1,518
Debtors 5 137,995 130,612
Cash at bank and in hand 152,877 68,864
292,694 200,994
CREDITORS
Amounts falling due within one year 6 271,086 183,844
NET CURRENT ASSETS 21,608 17,150
TOTAL ASSETS LESS CURRENT
LIABILITIES

63,900

38,737

CREDITORS
Amounts falling due after more than one
year

7

(18,824

)

-

PROVISIONS FOR LIABILITIES (8,458 ) (4,317 )
NET ASSETS 36,618 34,420

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 36,616 34,418
SHAREHOLDERS' FUNDS 36,618 34,420

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

A.b. Specialist Hose Supplies Limited (Registered number: SC238514)

Balance Sheet - continued
31 December 2016


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 28 September 2017 and were signed on its behalf
by:





A Bannerman - Director


A.b. Specialist Hose Supplies Limited (Registered number: SC238514)

Notes to the Financial Statements
for the Year Ended 31 December 2016

1. STATUTORY INFORMATION

A.b. Specialist Hose Supplies Limited is a private company, limited by shares , registered in Scotland. The
company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or
substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases
are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element
of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

A.b. Specialist Hose Supplies Limited (Registered number: SC238514)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2016 63,550 2,930 66,480
Additions 48,790 - 48,790
Disposals (52,150 ) - (52,150 )
At 31 December 2016 60,190 2,930 63,120
DEPRECIATION
At 1 January 2016 41,963 2,930 44,893
Charge for year 15,048 - 15,048
Eliminated on disposal (39,113 ) - (39,113 )
At 31 December 2016 17,898 2,930 20,828
NET BOOK VALUE
At 31 December 2016 42,292 - 42,292
At 31 December 2015 21,587 - 21,587

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 48,790
At 31 December 2016 48,790
DEPRECIATION
Charge for year 12,198
At 31 December 2016 12,198
NET BOOK VALUE
At 31 December 2016 36,592

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Trade debtors 137,995 130,612

A.b. Specialist Hose Supplies Limited (Registered number: SC238514)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Hire purchase contracts 13,703 -
Trade creditors 202,219 115,366
Tax 26,398 37,090
VAT 6,304 5,600
Directors' current accounts 19,700 22,300
Accrued expenses 2,762 3,488
271,086 183,844

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2016 2015
£    £   
Hire purchase contracts 18,824 -