REGISTERED NUMBER: SC041432 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2017

FOR

A.BLACK (BENDERLOCH) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D G Munro

REGISTERED OFFICE:

Tarnurich

Barcaldine

Oban

Argyll

PA37 1SE

REGISTERED NUMBER:

SC041432 (Scotland)

ACCOUNTANTS:

R A Clement Associates

5 Argyll Square

Oban

Argyll

PA34 4AZ

FIXED ASSETS

Tangible assets

4

621,657

535,526

CURRENT ASSETS

Stocks

85,161

129,150

Debtors

5

59,741

56,523

Cash at bank and in hand

251,148

246,868

396,050

432,541

CREDITORS

Amounts falling due within one year

6

27,875

15,324

NET CURRENT ASSETS

368,175

417,217

TOTAL ASSETS LESS CURRENT LIABILITIES

989,832

952,743

PROVISIONS FOR LIABILITIES

29,878

22,136

NET ASSETS

959,954

930,607

CAPITAL AND RESERVES

Called up share capital

12,500

12,500

Capital redemption reserve

12,500

12,500

Retained earnings

934,954

905,607

SHAREHOLDERS' FUNDS

959,954

930,607

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 22 May 2018 and were signed by:

D G Munro - Director

1.	STATUTORY INFORMATION

A.Black (Benderloch) 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.

Freehold property

-

2% on buildings but not provided on land

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

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.

Cost of goods for resale is determined on the first in, first out basis and is based on suppliers' invoice price. Net

realisable value is the price at which the stock can be realised in the normal course of business, less further costs

to completion of sale.

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 16 (2016 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 January 2017

638,611

307,987

136,121

11,495

1,094,214

Additions

62,440

60,582

15,660

-

138,682

Disposals

-

(6,995

)

-

-

(6,995

)

At 31 December 2017

701,051

361,574

151,781

11,495

1,225,901

DEPRECIATION

At 1 January 2017

225,795

235,962

89,574

7,357

558,688

Charge for year

12,421

19,247

15,552

1,035

48,255

Eliminated on disposal

-

(2,699

)

-

-

(2,699

)

At 31 December 2017

238,216

252,510

105,126

8,392

604,244

NET BOOK VALUE

At 31 December 2017

462,835

109,064

46,655

3,103

621,657

At 31 December 2016

412,816

72,025

46,547

4,138

535,526

Included in freehold land and buildings above, is land with a value of £80,000 (2013: £80,000) which is not

depreciated.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

37,133

37,200

Other debtors

22,608

19,323

59,741

56,523

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Taxation and social security

18,370

11,324

Other creditors

9,505

4,000

27,875

15,324

7.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D G Munro.

As a director and majority shareholder, D G Munro is considered to be the ultimate controlling party.