REGISTERED NUMBER: SC261093 (Scotland)

ABS SUPPLIES (SCOTLAND) LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

2

Chartered Certified Accountants' Report

4

FIXED ASSETS

Tangible assets

2

11,117

12,215

CURRENT ASSETS

Stocks

3,747

4,457

Debtors

3,951

1,883

Cash at bank and in hand

778

2,003

8,476

8,343

CREDITORS

Amounts falling due within one year

11,761

13,214

NET CURRENT LIABILITIES

(3,285

)

(4,871

)

TOTAL ASSETS LESS CURRENT LIABILITIES

7,832

7,344

CREDITORS

Amounts falling due after more than one year

-

(898

)

PROVISIONS FOR LIABILITIES

(304

)

(366

)

NET ASSETS

7,528

6,080

CAPITAL AND RESERVES

Called up share capital

3

1,000

1,000

Profit and loss account

6,528

5,080

SHAREHOLDERS' FUNDS

7,528

6,080

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 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 25 September 2015 and were signed on its behalf by:

J Anderson - Director

Mrs A Anderson - Director

Mrs G Smith - Director

S Smith - 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 April 2008).

Turnover

Turnover in the profit and loss account represents the value of goods sold during the year, exclusive of 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.

Leasehold property improvements

-

straight line over term of lease

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on cost

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.

Operating lease agreements

Rentals payable under operating leases are charged to the profit and loss account as they accrue.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

25,984

Additions

690

Disposals

(2,497

)

At 31 December 2014

24,177

DEPRECIATION

At 1 January 2014

13,769

Charge for year

1,643

Eliminated on disposal

(2,352

)

At 31 December 2014

13,060

NET BOOK VALUE

At 31 December 2014

11,117

At 31 December 2013

12,215

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

1,000

Ordinary

£1

1,000

1,000

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2014 and

31 December 2013:

2014

2013

£

£

J Anderson

Balance outstanding at start of year

815

1,052

Amounts advanced

450

490

Amounts repaid

(2,408

)

(727

)

Balance outstanding at end of year

(1,143

)

815

Mrs A Anderson

Balance outstanding at start of year

(774

)

(14

)

Amounts repaid

(1,550

)

(760

)

Balance outstanding at end of year

(2,324

)

(774

)

Mrs G Smith

Balance outstanding at start of year

(2,494

)

(4,019

)

Amounts advanced

1,225

1,525

Amounts repaid

-

-

Balance outstanding at end of year

(1,269

)

(2,494

)

S Smith

Balance outstanding at start of year

(2,604

)

(4,129

)

Amounts advanced

1,225

1,525

Amounts repaid

-

-

Balance outstanding at end of year

(1,379

)

(2,604

)

The above figures incorporate the aggregated transactions during the year.

These loans are interest free with no fixed repayment terms.

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 one to three)

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 ABS Supplies (Scotland) Limited for the year ended 31 December 2014 which comprise the

Profit and Loss Account, the Balance Sheet, and the related notes from the company's accounting records and from

information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com.

This report is made solely to the Board of Directors of ABS Supplies (Scotland) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of ABS Supplies (Scotland) Limited and state those matters that we have agreed to state to the Board of Directors of ABS Supplies (Scotland) Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. 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 ABS Supplies (Scotland) 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 profit of ABS Supplies (Scotland) Limited. You consider that ABS Supplies (Scotland) 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 ABS Supplies (Scotland)

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.

JCWallace & Co

Chartered Certified Accountants

1875 Great Western Road

Glasgow

G13 2YD

25 September 2015