REGISTERED NUMBER: SC156224 (Scotland)

Abbreviated Unaudited Accounts for the Year Ended 31st March 2016

for

A. & B. Clement Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mrs A Clement

SECRETARY:

Mrs A Clement

REGISTERED OFFICE:

c/o Farries Kirk & McVean

Dumfries Enterprise Park

Heathhall

Dumfries

Dumfriesshire

DG1 1EN

REGISTERED NUMBER:

SC156224 (Scotland)

ACCOUNTANTS:

Farries Kirk & McVean

Dumfries Enterprise Park

Heathhall

Dumfries

DUMFRIESSHIRE

DG1 3SJ

FIXED ASSETS

Tangible assets

2

15

20

CURRENT ASSETS

Debtors

504

3,655

Cash at bank

5,542

4,502

6,046

8,157

CREDITORS

Amounts falling due within one year

(36,556

)

(37,799

)

NET CURRENT LIABILITIES

(30,510

)

(29,642

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(30,495

)

(29,622

)

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

(30,595

)

(29,722

)

SHAREHOLDERS' FUNDS

(30,495

)

(29,622

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director on 20th December 2016 and were signed by:

Mrs A Clement - 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).

Turnover

Turnover represents net retail sales of Scottish 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

Amounts written off each asset over the estimated useful life represent cost less residual value.

Deferred tax

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

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st April 2015

and 31st March 2016

400

DEPRECIATION

At 1st April 2015

380

Charge for year

5

At 31st March 2016

385

NET BOOK VALUE

At 31st March 2016

15

At 31st March 2015

20

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

100

Ordinary

£1

100

100