REGISTERED NUMBER: SC255163 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2017

FOR

A & J ELECTRICAL (CRIMOND) LTD.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J Henderson

Mrs A B Henderson

SECRETARY:

Ms M J Gibb

REGISTERED OFFICE:

Annochie

Crimond

Fraserburgh

AB43 8QJ

REGISTERED NUMBER:

SC255163 (Scotland)

FIXED ASSETS

Tangible assets

5

2,807

3,562

CURRENT ASSETS

Debtors

6

22,242

13,061

Cash at bank and in hand

24,022

30,895

46,264

43,956

CREDITORS

Amounts falling due within one year

7

41,879

43,075

NET CURRENT ASSETS

4,385

881

TOTAL ASSETS LESS CURRENT LIABILITIES

7,192

4,443

PROVISIONS FOR LIABILITIES

8

533

712

NET ASSETS

6,659

3,731

CAPITAL AND RESERVES

Called up share capital

9

1,000

1,000

Retained earnings

5,659

2,731

SHAREHOLDERS' FUNDS

6,659

3,731

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2017 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 12 January 2018 and were signed on its behalf by:

J Henderson - Director

1.	STATUTORY INFORMATION

A & J Electrical (Crimond) Ltd. 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The presentation currency of the financial statements is the Pound Sterling (£). Monetary amounts in these

financial statements are rounded to the nearest pound.

These financial statements for the year ended 31 August 2017 are the first financial statements of A & J

Electrical (Crimond) Limited prepared in accordance with Section 1A "Small Entities" of Financial Reporting

Standard 102, the financial reporting standard applicable in the UK and Republic of Ireland. The date of

transition to FRS102 was 1 September 2015. The reported financial position and financial performance for the

previous period are not affected by the transition to FRS102.

Going Concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company

has adequate resources to continue in operational existence for the foreseeable future. Thus the directors

continue to adopt the going concern basis of accounting in preparing the financial statements.

Significant judgements and estimates

In the application of the company's accounting policies, the directors are required to make judgements, estimates

and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other

sources. The estimates and associated assumptions are based on historical experience and other factors that are

considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates

are recognised in the period in which the estimate is revised where the revision affects only that period, or in the

period of the revision and future periods where the revision affects both current and future periods.

The directors consider that there are no estimates and underlying assumptions which have a significant risk of

causing a material adjustment to the carrying amount of the assets and liabilities.

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.

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

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.

Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held in call with banks, other short-term liquid

investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown

within borrowings in current liabilities.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2016 - 2 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 September 2016

and 31 August 2017

4,345

14,500

18,845

DEPRECIATION

At 1 September 2016

2,988

12,295

15,283

Charge for year

204

551

755

At 31 August 2017

3,192

12,846

16,038

NET BOOK VALUE

At 31 August 2017

1,153

1,654

2,807

At 31 August 2016

1,357

2,205

3,562

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

5,957

10,248

Amounts recoverable on contract

266

490

Other debtors

16,019

2,323

22,242

13,061

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

-

662

Trade creditors

1,251

9

Taxation and social security

4,671

3,013

Other creditors

35,957

39,391

41,879

43,075

8.	PROVISIONS FOR LIABILITIES

2017

2016

£

£

Deferred tax

533

712

Deferred

tax

£

Balance at 1 September 2016

712

Released during year

(179

)

Balance at 31 August 2017

533

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

1,000

Ordinary

£1

1,000

1,000

10.	RELATED PARTY DISCLOSURES

11.	ULTIMATE CONTROLLING PARTY