Bonnar Sand & Gravel Co. Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: SC058906 (Scotland)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

BONNAR SAND & GRAVEL CO. LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Daniel Bonnar

David Bonnar

SECRETARY:

Daniel Bonnar

REGISTERED OFFICE:

Clachan Quarry

Cairndow

PA26 8BH

REGISTERED NUMBER:

SC058906 (Scotland)

ACCOUNTANTS:

Henderson Loggie

90 Mitchell Street

Glasgow

Lanarkshire

G1 3NQ

BANKERS:

Clydesdale Bank plc

120 Argyll Street

Dunoon

PA23 7NB

FIXED ASSETS

Tangible assets

2

549,492

536,751

Investments

3

7,000

556,492

543,751

CURRENT ASSETS

Stocks

99,438

99,738

Debtors

144,091

138,486

Cash at bank and in hand

166,364

383,727

409,893

621,951

CREDITORS

Amounts falling due within one year

504,073

609,258

NET CURRENT (LIABILITIES)/ASSETS

(94,180

)

12,693

TOTAL ASSETS LESS CURRENT
LIABILITIES

462,312

556,444

CAPITAL AND RESERVES

Called up share capital

4

25,003

Revaluation reserve

239,846

Capital redemption reserve

62,977

Profit and loss account

134,486

228,618

SHAREHOLDERS' FUNDS

462,312

556,444

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:

David Bonnar - Director

Daniel Bonnar - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation

of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective January

2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Static plant, moveable plant and motor vehicles are written off over their expected useful lives based on the

category of plant at between 10% and 20% per annum on a reducing balance basis.

Stocks

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

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

Investments

Fixed asset investments are stated at cost less any amounts written off for permanent diminution in value. The

company's subsidiaries have not been consolidated. Group accounts have not been prepared and these financial

statements present information about the company as an individual undertaking. Group accounts are not required

because of the disclosure exemptions available under Section 248 of the Companies Act 1985 for small and

medium-sized groups.

2.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1 April 2015

1,707,044

Additions

87,244

Disposals

(228,441

)

At 31 March 2016

1,565,847

DEPRECIATION

At 1 April 2015

1,170,293

Charge for year

48,942

Eliminated on disposal

(202,880

)

At 31 March 2016

1,016,355

NET BOOK VALUE

At 31 March 2016

549,492

At 31 March 2015

536,751

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 April 2015

and 31 March 2016

7,000

NET BOOK VALUE

At 31 March 2016

7,000

At 31 March 2015

7,000

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Bonnar Ready Mix Concrete Limited

Country of incorporation: Scotland

Nature of business: Supply of ready mix concrete

%

Class of shares:

holding

Ordinary

100.00

5/4/16

5/4/15

£

Aggregate capital and reserves

1,347

6,245

(Loss)/profit for the year

(4,898

)

138

Bonnar Plant & Haulage Company Limited

Country of incorporation: Scotland

Nature of business: Road haulage operators

%

Class of shares:

holding

Ordinary

100.00

24/3/16

2015

£

Aggregate capital and reserves

63,812

604,874

Profit for the period/year

8,938

-

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

25,000

Ordinary

£1

25,000

3

Ordinary Class A to J

£1

3

25,003