Registered Number SC270772

A. AND B. MILLAR LIMITED

Abbreviated Accounts

30 June 2016

A. AND B. MILLAR LIMITED Registered Number SC270772

Abbreviated Balance Sheet as at 30 June 2016

Notes 2016 2015
£ £
Fixed assets
Intangible assets 2 202,083 227,083
Tangible assets 3 10,845 12,684
212,928 239,767
Current assets
Stocks 38,975 38,740
Debtors 217,033 134,261
Cash at bank and in hand 74,998 62,856
331,006 235,857
Creditors: amounts falling due within one year (110,743) (113,581)
Net current assets (liabilities) 220,263 122,276
Total assets less current liabilities 433,191 362,043
Total net assets (liabilities) 433,191 362,043
Capital and reserves
Called up share capital 2 2
Profit and loss account 433,189 362,041
Shareholders' funds 433,191 362,043
  • For the year ending 30 June 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 2 December 2016

And signed on their behalf by:
Patrick Corry, Director
Niall Corry, Director

A. AND B. MILLAR LIMITED Registered Number SC270772

Notes to the Abbreviated Accounts for the period ended 30 June 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements of the company for the year ended 30th June 2016 have been prepared in accordance with the Financial Reporting Standard applicable in the United Kingdom (FRS 102) issued by the Financial Reporting Council and in accordance with the Companies Act 2006.

Turnover policy
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.

2Intangible fixed assets
£
Cost
At 1 July 2015 500,000
Additions -
Disposals -
Revaluations -
Transfers -
At 30 June 2016 500,000
Amortisation
At 1 July 2015 272,917
Charge for the year 25,000
On disposals -
At 30 June 2016 297,917
Net book values
At 30 June 2016 202,083
At 30 June 2015 227,083
3Tangible fixed assets
£
Cost
At 1 July 2015 20,810
Additions -
Disposals -
Revaluations -
Transfers -
At 30 June 2016 20,810
Depreciation
At 1 July 2015 8,126
Charge for the year 1,839
On disposals -
At 30 June 2016 9,965
Net book values
At 30 June 2016 10,845
At 30 June 2015 12,684