REGISTERED NUMBER: SC228639 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 March 2018

for

A & G Robbie Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

AJ Robbie

A Robbie

SECRETARY:

AJ Robbie

REGISTERED OFFICE:

Lorien Cottage, Church Road

Luthermuir

Laurencekirk

AB30 1YS

REGISTERED NUMBER:

SC228639 (Scotland)

ACCOUNTANTS:

MMG Archbold

Chartered Accountants

182 High Street

Montrose

ANGUS

DD10 8PH

BANKERS:

Bank of Scotland

High Street

Montrose

DD10 8LT

FIXED ASSETS

Intangible assets

4

15,034

16,920

Tangible assets

5

31,245

32,353

46,279

49,273

CURRENT ASSETS

Stocks

6,016

104,750

Debtors

6

149,823

129,025

Cash at bank

23,149

32,746

178,988

266,521

CREDITORS

Amounts falling due within one year

7

54,401

120,943

NET CURRENT ASSETS

124,587

145,578

TOTAL ASSETS LESS CURRENT LIABILITIES

170,866

194,851

PROVISIONS FOR LIABILITIES

374

-

NET ASSETS

170,492

194,851

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

170,490

194,849

SHAREHOLDERS' FUNDS

170,492

194,851

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.

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 12 November 2018 and were signed on its behalf by:

AJ Robbie - Director

G Robbie - Director

1.	STATUTORY INFORMATION

A & G Robbie Ltd 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

The directors have a reasonable expectation that the company has adequate resources to continue in

operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of

accounting in preparing the annual financial statements.

Turnover

Turnover and profit on ordinary activities before taxation are attributable to joinery and contractual work.

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

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 is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs

in bringing stocks to their present location and condition.

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 balance sheet date.

Deferred tax

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

balance sheet 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

Rentals paid under operating leases are charged to profit or loss 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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2017 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2017

and 31 March 2018

18,805

AMORTISATION

At 1 April 2017

1,885

Charge for year

1,886

At 31 March 2018

3,771

NET BOOK VALUE

At 31 March 2018

15,034

At 31 March 2017

16,920

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2017

29,277

25,915

55,192

Disposals

-

(5,750

)

(5,750

)

At 31 March 2018

29,277

20,165

49,442

DEPRECIATION

At 1 April 2017

-

22,839

22,839

Charge for year

-

675

675

Eliminated on disposal

-

(5,317

)

(5,317

)

At 31 March 2018

-

18,197

18,197

NET BOOK VALUE

At 31 March 2018

29,277

1,968

31,245

At 31 March 2017

29,277

3,076

32,353

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

149,369

128,651

Other debtors

454

374

149,823

129,025

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

37,589

84,764

Taxation and social security

9,931

31,753

Other creditors

6,881

4,426

54,401

120,943

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2018 and

31 March 2017:

2018

2017

£

£

AJ Robbie

Balance outstanding at start of year

(1,834

)

(158

)

Amounts advanced

1,897

94

Amounts repaid

(4,188

)

(1,770

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(4,125

)

(1,834

)

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is AJ Robbie.