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REGISTERED NUMBER: SC295232 (Scotland)















Financial Statements for the Year Ended 31 March 2018

for

A & L Stronach Limited

A & L Stronach Limited (Registered number: SC295232)






Contents of the Financial Statements
for the Year Ended 31 March 2018




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


A & L Stronach Limited

Company Information
for the Year Ended 31 March 2018







DIRECTORS: A R Stronach
Mrs L Stronach
C S Stronach





SECRETARY: Mrs L Stronach





REGISTERED OFFICE: Units 15 & 16
Thainstone Industrial Park
Camiestone Road
Inverurie
Aberdeenshire
AB51 5GT





REGISTERED NUMBER: SC295232 (Scotland)





ACCOUNTANTS: The Grant Considine Partnership
Chartered Accountants
46 High Street
Banchory
Aberdeenshire
AB31 5SR

A & L Stronach Limited (Registered number: SC295232)

Statement of Financial Position
31 March 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Property, plant and equipment 6 563,950 431,070
563,950 431,070

CURRENT ASSETS
Inventories 637,450 693,300
Debtors 7 159,842 124,608
Cash at bank 86,895 128,672
884,187 946,580
CREDITORS
Amounts falling due within one year 8 319,006 382,236
NET CURRENT ASSETS 565,181 564,344
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,129,131

995,414

CREDITORS
Amounts falling due after more than one
year

9

(418,747

)

(433,219

)

PROVISIONS FOR LIABILITIES (11,682 ) (9,318 )
NET ASSETS 698,702 552,877

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 698,602 552,777
SHAREHOLDERS' FUNDS 698,702 552,877

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

A & L Stronach Limited (Registered number: SC295232)

Statement of Financial Position - continued
31 March 2018


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 Board of Directors on 7 November 2018 and were signed on its behalf
by:





A R Stronach - Director


A & L Stronach Limited (Registered number: SC295232)

Notes to the Financial Statements
for the Year Ended 31 March 2018

1. STATUTORY INFORMATION

A & L Stronach 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Revenue recognition
Turnover is measured at fair value of the consideration received or receivable and represents amounts receivable
for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income is recognised when the service has been provided, when the amount of revenue can be measured reliably
and when it is probable that future economic benefits will flow to the entity. If a customer has not been invoiced
for services provided during the period the income is accrued and included in debtors under prepayments and
accrued income.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated
impairment losses.

Land and buildings is comprised of freehold property. The company accounts for land and buildings using the
historic cost model. It is the opinion of the directors that the valuation is not materially different from cost.

Depreciation in respect of Freehold Property is not being charged on the acquisition cost of the land, only on the
building thereon. Depreciation on other assets 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 agreement, over the lease term, whichever is the
shorter.

Freehold Property - 4% on cost
Plant and Machinery - 15% on reducing balance
Fixtures and Fittings - 10% on cost
Motor Vehicles - 25% on reducing balance
Computer Equipment - 33% on reducing balance

Inventories
Inventories have been valued at the lower of costs and estimated selling price less costs to sell.

A & L Stronach Limited (Registered number: SC295232)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

3. ACCOUNTING POLICIES - continued

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors and
directors' loans.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest,
and subsequently at amortised cost using the effective interest method.

Directors loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted
amount of cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective
evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit
and loss.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
statement of financial position 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.

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 profit or loss over the relevant period. The capital element
of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

Short term employee benefits
Short term employee benefits, including holiday pay, are recognised in the profit and loss in the period in which
they are incurred.

Rental income
Rental income from operating leases is recognised on a straight-line basis over the term of the relevant lease
unless the lease payments are structured to increase in line with expected general inflation in which case the
income is recognised as revenue in accordance with the expected payments. Rental income is included in Other
operating income.

A & L Stronach Limited (Registered number: SC295232)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

3. ACCOUNTING POLICIES - continued

Pension costs
The company pays contributions to a third party pension provider on behalf of its employees. The payments are
charged to the profit and loss account in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2017 - 11 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2017
and 31 March 2018 200,000
AMORTISATION
At 1 April 2017
and 31 March 2018 200,000
NET BOOK VALUE
At 31 March 2018 -
At 31 March 2017 -

6. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2017 465,976 215,066 681,042
Additions - 159,382 159,382
At 31 March 2018 465,976 374,448 840,424
DEPRECIATION
At 1 April 2017 109,892 140,080 249,972
Charge for year 10,279 16,223 26,502
At 31 March 2018 120,171 156,303 276,474
NET BOOK VALUE
At 31 March 2018 345,805 218,145 563,950
At 31 March 2017 356,084 74,986 431,070

Included in cost of land and buildings is freehold land of £ 209,014 (2017 - £ 209,014 ) which is not
depreciated.

A & L Stronach Limited (Registered number: SC295232)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

6. PROPERTY, PLANT AND EQUIPMENT - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2017 44,740
Additions 153,124
Transfer to ownership (1,290 )
At 31 March 2018 196,574
DEPRECIATION
At 1 April 2017 38,824
Charge for year 8,833
Transfer to ownership (21,385 )
At 31 March 2018 26,272
NET BOOK VALUE
At 31 March 2018 170,302
At 31 March 2017 5,916

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 157,542 122,119
Other debtors 2,300 2,489
159,842 124,608

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Bank loans and overdrafts 26,979 25,275
Hire purchase contracts 104,520 100,448
Trade creditors 48,775 42,643
Taxation and social security 57,812 90,033
Other creditors 80,920 123,837
319,006 382,236

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2018 2017
£    £   
Bank loans 110,133 138,367
Hire purchase contracts 108,614 94,852
Other creditors 200,000 200,000
418,747 433,219

A & L Stronach Limited (Registered number: SC295232)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2018 2017
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 11,990

10. SECURED DEBTS

The following secured debts are included within creditors:

2018 2017
£    £   
Bank loans 137,112 163,642

The bank overdraft and other bank borrowings are secured by a bond and floating charge over the company's
assets, whilst there is a standard security over the premises at Unit 15 and 16 Thainstone Industrial Park,
Thainstone, Inverurie.

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £41,938 were paid to the directors.