Aberlour Filling Station Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: SC263273 (Scotland)

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2016

FOR

ABERLOUR FILLING STATION LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

6

DIRECTORS:

Mr R Annear

Mrs J Annear

SECRETARY:

Mr R Annear

REGISTERED OFFICE:

65 High Street

Grantown on Spey

Moray

PH26 3EG

REGISTERED NUMBER:

SC263273 (Scotland)

ACCOUNTANTS:

MacKenzie Kerr Limited

65 High Street

Grantown on Spey

Moray

PH26 3EG

BANKERS:

TSB

Aberdeen Business & Commerce

Aberdeen

AB10 1NJ

FIXED ASSETS

Tangible assets

2

121,353

121,522

CURRENT ASSETS

Stocks

30,000

32,752

Debtors

17,973

16,455

Cash in hand

3,113

4,151

51,086

53,358

CREDITORS

Amounts falling due within one year

3

49,049

62,095

NET CURRENT ASSETS/(LIABILITIES)

2,037

(8,737

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

123,390

112,785

CREDITORS

Amounts falling due after more than one
year

3

211,933

183,289

NET LIABILITIES

(88,543

)

(70,504

)

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

(88,643

)

(70,604

)

SHAREHOLDERS' FUNDS

(88,543

)

(70,504

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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.

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 Board of Directors on 20 December 2016 and were signed on its behalf
by:

Mr R Annear - Director

Mrs J Annear - Director

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 January 2015).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a

small company.

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.

Plant and machinery etc

-

15% on reducing balance

Stocks

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

moving items.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

130,586

Additions

212

At 31 March 2016

130,798

DEPRECIATION

At 1 April 2015

9,064

Charge for year

381

At 31 March 2016

9,445

NET BOOK VALUE

At 31 March 2016

121,353

At 31 March 2015

121,522

3.

CREDITORS

Creditors include an amount of £ 4,319 (2015 - £ 7,512 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

£1

100

5.	ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are the Directors, Mr & Mrs Annear, by virtue of their 100% equal ownership of

the issued Ordinary Share Capital.

The following reproduces the text of the report prepared for the directors 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 Aberlour Filling Station Limited for the year ended 31 March 2016 on pages three to eight 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 Board of Directors of Aberlour Filling Station Limited, as a body, in accordance with the terms of our engagement letter dated 19 September 2007. Our work has been undertaken solely to prepare for your approval the financial statements of Aberlour Filling Station Limited and state those matters that we have agreed to state to the Board of Directors of Aberlour Filling Station Limited, as a body, 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 Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Aberlour Filling Station 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 Aberlour Filling Station Limited. You consider that Aberlour Filling Station 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 Aberlour Filling Station 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.

MacKenzie Kerr Limited

65 High Street

Grantown on Spey

Moray

PH26 3EG

20 December 2016