REGISTERED NUMBER: SC085589 (Scotland)

Unaudited Financial Statements for the Year Ended 28 February 2018

for

A & A Gilbride Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr Andrew Gilbride

Mrs Alison Gilbride

SECRETARY:

Mr Andrew Gilbride

REGISTERED OFFICE:

Sandy Lodge

6 Carlogie Road

Carnoustie

Angus

DD7 6DB

REGISTERED NUMBER:

SC085589 (Scotland)

ACCOUNTANTS:

Stevenson & Kyles

Chartered Accountants

25 Sandyford Place

Glasgow

G3 7NG

FIXED ASSETS

Intangible assets

4

14,442

28,884

Tangible assets

5

37,588

38,976

52,030

67,860

CURRENT ASSETS

Stock

95,473

87,074

Debtors

6

194,206

184,985

Cash at bank and in hand

396,000

373,064

685,679

645,123

CREDITORS

Amounts falling due within one year

7

310,607

281,550

NET CURRENT ASSETS

375,072

363,573

TOTAL ASSETS LESS CURRENT LIABILITIES

427,102

431,433

PROVISIONS FOR LIABILITIES

8

7,047

7,595

NET ASSETS

420,055

423,838

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

419,955

423,738

SHAREHOLDERS' FUNDS

420,055

423,838

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2018 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 15 June 2018 and were signed on its behalf by:

Mr Andrew Gilbride - Director

1.	STATUTORY INFORMATION

A & A Gilbride 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2000, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are

measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Leasehold property

-

5% on cost

Plant and machinery

-

10% on reducing balance

Fittings and equipment

-

5% on reducing balance

Stocks

Stock 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 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.

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 13 (2017 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 March 2017

and 28 February 2018

288,840

AMORTISATION

At 1 March 2017

259,956

Charge for year

14,442

At 28 February 2018

274,398

NET BOOK VALUE

At 28 February 2018

14,442

At 28 February 2017

28,884

5.	TANGIBLE FIXED ASSETS

Fittings

Leasehold

Plant and

and

property

machinery

equipment

Totals

£

£

£

£

COST

At 1 March 2017

10,000

15,808

71,109

96,917

Additions

-

-

1,399

1,399

At 28 February 2018

10,000

15,808

72,508

98,316

DEPRECIATION

At 1 March 2017

9,000

9,447

39,494

57,941

Charge for year

500

636

1,651

2,787

At 28 February 2018

9,500

10,083

41,145

60,728

NET BOOK VALUE

At 28 February 2018

500

5,725

31,363

37,588

At 28 February 2017

1,000

6,361

31,615

38,976

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

157,143

150,180

Other debtors

37,063

34,805

194,206

184,985

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

236,934

191,299

Taxation and social security

66,783

83,234

Other creditors

6,890

7,017

310,607

281,550

8.	PROVISIONS FOR LIABILITIES

2018

2017

£

£

Deferred tax

7,047

7,595

Deferred

tax

£

Balance at 1 March 2017

7,595

Provided during year

(548

)

Balance at 28 February 2018

7,047

9.	ULTIMATE CONTROLLING PARTY