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REGISTERED NUMBER: SC177103 (Scotland)













ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2014

FOR

AAZTEC COATINGS LIMITED

AAZTEC COATINGS LIMITED (REGISTERED NUMBER: SC177103)






CONTENTS OF THE ABBREVIATED ACCOUNTS
for the Year Ended 31 October 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Chartered Accountants' Report 6

AAZTEC COATINGS LIMITED

COMPANY INFORMATION
for the Year Ended 31 October 2014







DIRECTOR: Raymond McColl



SECRETARY: Irene McColl



REGISTERED OFFICE: 16 Royal Terrace
Glasgow
G3 7NY



REGISTERED NUMBER: SC177103 (Scotland)



ACCOUNTANTS: Davidson & Workman
Chartered Accountants
16 Royal Terrace
GLASGOW
G3 7NY



BANKERS: Bank of Scotland
12 Main Street
Barrhead
Glasgow
G78 1RD

AAZTEC COATINGS LIMITED (REGISTERED NUMBER: SC177103)

ABBREVIATED BALANCE SHEET
31 October 2014

31.10.14 31.10.13
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 48,402 59,428

CURRENT ASSETS
Stocks 33,968 4,329
Debtors 221,305 297,308
Cash in hand 150 150
255,423 301,787
CREDITORS
Amounts falling due within one year 3 391,998 337,216
NET CURRENT LIABILITIES (136,575 ) (35,429 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(88,173
)
23,999

CREDITORS
Amounts falling due after more than one
year

3

(49,009
)
(63,375
)

PROVISIONS FOR LIABILITIES (4,888 ) (6,844 )
NET LIABILITIES (142,070 ) (46,220 )

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account (142,170 ) (46,320 )
SHAREHOLDERS' FUNDS (142,070 ) (46,220 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2014 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.

AAZTEC COATINGS LIMITED (REGISTERED NUMBER: SC177103)

ABBREVIATED BALANCE SHEET - continued
31 October 2014


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 31 July 2015 and were signed by:





Raymond McColl - Director


AAZTEC COATINGS LIMITED (REGISTERED NUMBER: SC177103)

NOTES TO THE ABBREVIATED ACCOUNTS
for the Year Ended 31 October 2014

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 April 2008).

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.

Improvements to property - 10% on cost
Plant and machinery - 15% on cost
Fixtures and fittings - 10% on cost
Computer equipment - 33.33% on cost or valuation

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

Deferred tax
Deferred tax is recognised in respect of all material 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.

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 the profit and loss account in the period to which they relate.

Going concern
Despite the losses made in the year the accounts have been prepared on the going concern basis. The company
has the continued financial support of the directors who expect that the company will continue to trade and pay
its debts as they fall due.

AAZTEC COATINGS LIMITED (REGISTERED NUMBER: SC177103)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
for the Year Ended 31 October 2014

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 November 2013 205,316
Additions 7,292
At 31 October 2014 212,608
DEPRECIATION
At 1 November 2013 145,888
Charge for year 18,318
At 31 October 2014 164,206
NET BOOK VALUE
At 31 October 2014 48,402
At 31 October 2013 59,428

3. CREDITORS

Creditors include an amount of £ 230,078 (31.10.13 - £ 210,995 ) for which security has been given.

They also include the following debts falling due in more than five years:

31.10.14 31.10.13
£    £   
Repayable by instalments 2,759 12,001

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.14 31.10.13
value: £    £   
100 Ordinary £1 100 100

5. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2014 and
31 October 2013:

31.10.14 31.10.13
£    £   
Raymond McColl
Balance outstanding at start of year 32,984 -
Amounts advanced - 52,563
Amounts repaid (47,148 ) (19,579 )
Balance outstanding at end of year (14,164 ) 32,984

A personal guarantee and indemnity for £60,000 and interest was made by Raymond and Irene McColl for the
new loan advanced by the Bank of Scotland. This is also supported by existing 2nd ranking standard security
over personal property at 19 Gateside Gardens, Barrhead.

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
AAZTEC COATINGS LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)
have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of Aaztec Coatings Limited for the year ended 31 October 2014 which comprise the Profit and Loss
Account, the Balance Sheet, and the related notes from the company's accounting records and from information and
explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants of Scotland, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.org.uk/accountspreparationguidance.

This report is made solely to the director of Aaztec Coatings Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Aaztec Coatings Limited and state those matters that we have agreed to state to the director of Aaztec Coatings Limited in this report in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at http://www.icas.org.uk/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Aaztec Coatings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Aaztec Coatings Limited. You consider that Aaztec Coatings Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Aaztec Coatings Limited. For
this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations
you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Davidson & Workman
Chartered Accountants
16 Royal Terrace
GLASGOW
G3 7NY


31 July 2015