A A Bakers (Scotland) Ltd - Filleted accounts

Registered number

SC359256

A A Bakers (Scotland) Ltd

Report and Accounts

30 April 2018

A A Bakers (Scotland) Ltd
Registered number:		SC359256
Balance Sheet
as at 30 April 2018

Notes			2018			2017
£				£
Fixed assets
Intangible assets	2		30,000			30,000
Tangible assets	3		36,291			38,110
			66,291			68,110

Current assets
Stocks		12,880			18,214
Debtors	4	2,497			4,741
Cash at bank and in hand		3,117			-
		18,494			22,955

Creditors: amounts falling due within one year	5	(60,244)			(65,175)

Net current liabilities			(41,750)			(42,220)

Total assets less current liabilities			24,541			25,890

Creditors: amounts falling due after more than one year	6		(23,872)			(39,926)



Net assets/(liabilities)			669			(14,036)

Capital and reserves
Called up share capital			2			2
Profit and loss account			667			(14,038)

Shareholders' funds			669			(14,036)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.


Alan McCaw
Director
Approved by the board on 29 November 2018

A A Bakers (Scotland) Ltd
Notes to the Accounts
for the year ended 30 April 2018


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Motor vehicles	20% reducing balance basis
	Plant and machinery	20% reducing balance basis

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Intangible fixed assets					£
	Goodwill:

	Cost
	At 1 May 2017					30,000
	At 30 April 2018					30,000

	Amortisation
	At 30 April 2018					-

	Net book value
	At 30 April 2018					30,000
	At 30 April 2017					30,000



3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 May 2017	19,551		47,501		67,052
	Additions	529		-		529
	At 30 April 2018	20,080		47,501		67,581

	Depreciation
	At 1 May 2017	12,718		16,224		28,942
	Charge for the year	1,472		876		2,348
	At 30 April 2018	14,190		17,100		31,290

	Net book value
	At 30 April 2018	5,890		30,401		36,291
	At 30 April 2017	6,833		31,277		38,110




4	Debtors			2018		2017
£					£

	Other debtors			2,497		4,741


5	Creditors: amounts falling due within one year			2018		2017
£					£

	Bank loans and overdrafts			-		2,424
	Obligations under finance lease and hire purchase contracts			26,856		36,921
	Trade creditors			18,526		19,033
	Corporation tax			14,385		6,154
	Other taxes and social security costs			477		643
				60,244		65,175


6	Creditors: amounts falling due after one year			2018		2017
£					£

	Other creditors			23,872		39,926


7	Other information

	A A Bakers (Scotland) Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is:
	6 Church Street
	Uddingston
	Glasgow
	G71 7PT