REGISTERED NUMBER: SC367345 (Scotland)

Abbreviated Accounts for the Year Ended 31 October 2016

for

Aberdeen Blind Specialists Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr S G Skogh

REGISTERED OFFICE:

97 Caiesdykes Road

Aberdeen

AB12 5HB

REGISTERED NUMBER:

SC367345 (Scotland)

ACCOUNTANTS:

J M Taylor Accountants Limited

Kirkton Cottage

Wellington Road

Aberdeen

AB12 3JB

FIXED ASSETS

Tangible assets

2

20,930

4,628

CURRENT ASSETS

Debtors

11,575

20,672

Cash at bank

7,532

3,448

19,107

24,120

CREDITORS

Amounts falling due within one year

22,873

24,936

NET CURRENT LIABILITIES

(3,766

)

(816

)

TOTAL ASSETS LESS CURRENT LIABILITIES

17,164

3,812

CREDITORS

Amounts falling due after more than one year

(15,908

)

-

PROVISIONS FOR LIABILITIES

(1,136

)

(787

)

NET ASSETS

120

3,025

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

20

2,925

SHAREHOLDERS' FUNDS

120

3,025

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

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

The director acknowledges her 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 9 August 2017 and were signed by:

Mr S G Skogh - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

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.

Equipment

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Deferred tax

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

sheet date.

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 the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2015

15,301

Additions

17,904

At 31 October 2016

33,205

DEPRECIATION

At 1 November 2015

10,673

Charge for year

1,602

At 31 October 2016

12,275

NET BOOK VALUE

At 31 October 2016

20,930

At 31 October 2015

4,628

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.16

31.10.15

value:

£

£

100

Ordinary

£1

100

100

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2016 and

31 October 2015:

31.10.16

31.10.15

£

£

Mr S G Skogh

Balance outstanding at start of year

5,137

5,337

Amounts advanced

249

-

Amounts repaid

(4,800

)

(200

)

Balance outstanding at end of year

586

5,137