REGISTERED NUMBER: SC136857 (Scotland)

Abbreviated Unaudited Accounts

for the Year Ended 30th November 2016

for

A. A. Young Ltd.

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr AA Young

Mr Stephen A Young

Mr Stuart A Young

SECRETARY:

Mrs FK Young

REGISTERED OFFICE:

Unit 40C

Ben Nevis Ind. Estate

Fort William

Inverness-shire

PH33 6PR

REGISTERED NUMBER:

SC136857 (Scotland)

ACCOUNTANTS:

Towers + Gornall Ltd

Chartered Certified Accountants

Abacus House

The Ropewalk

Garstang

Preston

Lancashire

PR3 1NS

BANKERS:

Bank of Scotland

62 High Street

Fort William

Inverness-shire

PH33 6AE

FIXED ASSETS

Tangible assets

2

485,837

576,706

Investment property

3

890,000

890,000

1,375,837

1,466,706

CURRENT ASSETS

Stocks

614,725

493,551

Debtors

157,836

142,456

Cash at bank

13,200

639

785,761

636,646

CREDITORS

Amounts falling due within one year

4

1,553,128

1,454,962

NET CURRENT LIABILITIES

(767,367

)

(818,316

)

TOTAL ASSETS LESS CURRENT LIABILITIES

608,470

648,390

CREDITORS

Amounts falling due after more than one year

4

(197,894

)

(234,828

)

PROVISIONS FOR LIABILITIES

(51,356

)

(56,394

)

NET ASSETS

359,220

357,168

CAPITAL AND RESERVES

Called up share capital

5

200

200

Revaluation reserve

85,790

85,790

Profit and loss account

273,230

271,178

SHAREHOLDERS' FUNDS

359,220

357,168

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 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 9th May 2017 and were signed on its behalf by:

Mr AA Young - 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

Depreciation 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 lease, over the lease term, whichever is the shorter.

Buildings

-

10% on cost

Plant and machinery

-

20% on reducing balance

Commercial vehicles

-

20% on reducing balance

Office equipment and furniture

-

25% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

market value is transferred to a revaluation reserve.

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

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

balance sheet date.

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 the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

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.

Debtors

Certain specified trade debtors are assigned to an invoice financing company which offers a credit facility

whereby the company may draw a percentage of the book value debts. The invoice financing company does not

underwrite the debts and therefore the gross amount due to the invoice financing company is shown as a

creditor and the full amount due from the trade debtors is separately disclosed.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st December 2015

1,002,864

Additions

116,299

Disposals

(204,735

)

At 30th November 2016

914,428

DEPRECIATION

At 1st December 2015

426,158

Charge for year

89,996

Eliminated on disposal

(87,563

)

At 30th November 2016

428,591

NET BOOK VALUE

At 30th November 2016

485,837

At 30th November 2015

576,706

3.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1st December 2015

and 30th November 2016

890,000

NET BOOK VALUE

At 30th November 2016

890,000

At 30th November 2015

890,000

4.

CREDITORS

Creditors include an amount of £ 681,289 (2015 - £ 649,494 ) for which security has been given.

They also include the following debts falling due in more than five years:

2016

2015

£

£

Repayable by instalments

46,827

70,463

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

200

Ordinary

£1

200

200