SC239074falseIronmongery retail2016-01-012016-12-31http://www.companieshouse.gov.uk/2015-12-31http://www.companieshouse.gov.uk/cd:Director12016-01-012016-12-31http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2015-12-31http://www.companieshouse.gov.uk/cd:Director22016-01-012016-12-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2015-12-31http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2016-12-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2015-12-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2016-12-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12016-01-012016-12-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2016-12-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2016-01-012016-12-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2016-01-012016-12-31http://www.companieshouse.gov.uk/pt:NetGoodwill2016-01-012016-12-31http://www.companieshouse.gov.uk/2016-01-012016-12-31http://www.companieshouse.gov.uk/2015-12-31http://www.companieshouse.gov.uk/cd:FRS1022016-01-012016-12-31http://www.companieshouse.gov.uk/2016-12-31http://www.companieshouse.gov.uk/cd:FullAccounts2016-01-012016-12-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2016-01-012016-12-31iso4217:GBPxbrli:sharesxbrli:pure

Registered number: SC239074

A B McIntosh LTD

ACCOUNTS

FOR THE YEAR ENDED 31/12/2016

Prepared By:

Currie & Co Ltd

Chartered Certified Accountants

4-6 Bank Street

Kirriemuir

ANGUS

DD8 4BG

A B McIntosh LTD

ACCOUNTS

FOR THE YEAR ENDED 31/12/2016

DIRECTORS

Arthur McIntosh

Heather McIntosh

SECRETARY

Arthur McIntosh

REGISTERED OFFICE

22 High Street

Kirriemuir

Angus

DD8 4BB

COMPANY DETAILS

Private company limited by shares registered in SC - Scotland, registered number SC239074

ACCOUNTANTS

Currie & Co Ltd

Chartered Certified Accountants

4-6 Bank Street

Kirriemuir

ANGUS

DD8 4BG

A B McIntosh LTD

ACCOUNTS
FOR THEYEARENDED31/12/2016
CONTENTS
		Page
Directors' Report		-
Accountants' Report		-
Statement Of Comprehensive Income		-
Balance Sheet		3
Notes To The Accounts		4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account		-
Profit And Loss Account Summaries		-

A B McIntosh LTD

BALANCE SHEET AT 31/12/2016
						2016				2015
		Notes				£				£
FIXED ASSETS
Tangible assets		3				1,550				2,069
CURRENT ASSETS
Stock				17,405				16,705
Debtors		5		857				2,966
Cash at bank and in hand				26,154				25,196
				44,416				44,867
CREDITORS: Amounts falling due within one year		6		45,248				46,788
NET CURRENT LIABILITIES						(832)				(1,921)
TOTAL ASSETS LESS CURRENT LIABILITIES						718				148
PROVISIONS FOR LIABILITIES AND CHARGES		8				310				-
NET ASSETS						408				148
CAPITAL AND RESERVES
Called up share capital		9				100				100
Profit and loss account						308				48
SHAREHOLDERS' FUNDS						408				148
For the year ending 31/12/2016 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 26/09/2017 and signed on their behalf by
.............................
Arthur McIntosh
Director

A B McIntosh LTD

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31/12/2016

1. ACCOUNTING POLICIES

1a. Basis Of Accounting

The accounts have been prepared under the historical cost convention.

The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .

1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Commercial Vehicles		reducing balance 25%
Fixtures and Fittings		reducing balance 25%
Equipment		reducing balance 25%

1c. Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.

1d. Pension Costs

The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

1e. Goodwill

Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.

A B McIntosh LTD

2. INTANGIBLE FIXED ASSETS
		Purchased
		Goodwill		Total
		£		£
Cost
At 01/01/2016		23,000		23,000
At 31/12/2016		23,000		23,000
Depreciation
At 01/01/2016		23,000		23,000
At 31/12/2016		23,000		23,000
Net Book Amounts
At 31/12/2016		-		-

3. TANGIBLE FIXED ASSETS
		Commercial		Fixtures
		Vehicles		and Fittings		Equipment		Total
		£		£		£		£
Cost
At 01/01/2016		7,260		2,653		2,459		12,372
At 31/12/2016		7,260		2,653		2,459		12,372
Depreciation
At 01/01/2016		5,537		2,590		2,176		10,303
For the year		432		16		71		519
At 31/12/2016		5,969		2,606		2,247		10,822
Net Book Amounts
At 31/12/2016		1,291		47		212		1,550
At 31/12/2015		1,723		63		283		2,069

4. STOCK				2016		2015
				£		£
Stock comprises:
Stock				17,405		16,705
				17,405		16,705

A B McIntosh LTD

5. DEBTORS				2016		2015
				£		£
Amounts falling due within one year
Trade debtors				578		1,380
Trade debtors				-		778
VAT				-		517
Prepayments				279		291
				857		2,966

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
				2016		2015
				£		£
UK corporation tax				1,272		2,878
VAT				1,720		-
PAYE control				63		-
Salaries and wages control				-		51
Directors current account				35,663		37,744
Trade creditors				5,480		5,219
Accruals				1,050		896
				45,248		46,788

7. EMPLOYEES
				2016		2015
				No.		No.
Average number of employees				4		4

8. PROVISIONS FOR LIABILITIES				2016		2015
				£		£
Deferred taxation				310		-
				310		-

A B McIntosh LTD

9. SHARE CAPITAL				2016		2015
				£		£
Allotted, issued and fully paid:
100 Ordinary shares of £1 each				100
				100		100

10. CONTROLLING PARTY

Mr. McIntosh a director and shareholder is the controlling party

11. RELATED PARTY TRANSACTIONS

Rental income was received by Mr McIntosh in the year of £9,739. Both directors received salary and dividends as disclosed.