SC153907falsethat of a Public House2016-12-012017-11-30http://www.companieshouse.gov.uk/2016-11-30http://www.companieshouse.gov.uk/pt:PlantMachinery2016-11-30http://www.companieshouse.gov.uk/pt:ShareCapital2016-11-30http://www.companieshouse.gov.uk/cd:Director12016-12-012017-11-30http://www.companieshouse.gov.uk/pt:PlantMachinery2017-11-30http://www.companieshouse.gov.uk/pt:ShareCapital2017-11-30http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12016-12-012017-11-30http://www.companieshouse.gov.uk/pt:MotorCars2016-11-30http://www.companieshouse.gov.uk/cd:RegisteredOffice2016-12-012017-11-30http://www.companieshouse.gov.uk/pt:MotorCars2017-11-30http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2016-12-012017-11-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2017-11-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2016-11-30http://www.companieshouse.gov.uk/2016-12-012017-11-30http://www.companieshouse.gov.uk/2016-11-30http://www.companieshouse.gov.uk/cd:FRS1022016-12-012017-11-30http://www.companieshouse.gov.uk/2017-11-30http://www.companieshouse.gov.uk/cd:FullAccounts2016-12-012017-11-30http://www.companieshouse.gov.uk/pt:LandBuildings2016-11-30http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2016-12-012017-11-30http://www.companieshouse.gov.uk/pt:LandBuildings2017-11-30iso4217:GBPxbrli:sharesxbrli:pure
Registered number: SC153907
Abercairn Ltd
ACCOUNTS
FOR THE YEAR ENDED 30/11/2017
Prepared By:
Accountancy Assured Limited
Chartered Certified Accountants & Chartered Tax Advisers
Suite 1 Beaverhall House
27 Beaverhall Road
Edinburgh
Midlothian
EH7 4JE
Abercairn Ltd
ACCOUNTS
FOR THE YEAR ENDED 30/11/2017
DIRECTORS
Mary Paton
SECRETARY
William Paton
REGISTERED OFFICE
61a Frederick Street
Edinburgh
Midlothian
EH2 1LH
COMPANY DETAILS
Private company limited by shares registered in , registered number SC153907
ACCOUNTANTS
Accountancy Assured Limited
Chartered Certified Accountants & Chartered Tax Advisers
Suite 1 Beaverhall House
27 Beaverhall Road
Edinburgh
Midlothian
EH7 4JE
Abercairn Ltd
ACCOUNTS
FOR THEYEARENDED30/11/2017
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
Abercairn Ltd
BALANCE SHEET AT 30/11/2017
20172016
Notes££
FIXED ASSETS
Tangible assets2306,186329,199
CURRENT ASSETS
Stock11,44610,831
Debtors41,8971,683
Cash at bank and in hand166,942171,172
180,285183,686
CREDITORS: Amounts falling due within one year564,36974,447
NET CURRENT ASSETS115,916109,239
TOTAL ASSETS LESS CURRENT LIABILITIES422,102438,438
CREDITORS: Amounts falling due after more than one year6270,000270,000
PROVISIONS FOR LIABILITIES AND CHARGES8132,492
NET ASSETS152,089165,946
CAPITAL AND RESERVES
Called up share capital922
Profit and loss account152,087165,944
SHAREHOLDERS' FUNDS152,089165,946
For the year ending 30/11/2017 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 01/08/2018 and signed on their behalf by
.............................
Mary Paton
Director
Abercairn Ltd
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/11/2017
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Land And Buildingsstraight line 2%
Long Leasehold Propertiesstraight line 20%
Plant and Machinerystraight line 20%
Motor Carsreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
Abercairn Ltd
2. TANGIBLE FIXED ASSETS
Land AndLong LeaseholdPlant and
BuildingsPropertiesMachineryMotor CarsTotal
£££££
Cost
At 01/12/2016354,97731,46544,08637,500468,028
Additions--682-682
At 30/11/2017354,97731,46544,76837,500468,710
Depreciation
At 01/12/201672,74726,49338,0271,562138,829
For the year7,1004,9722,6398,98423,695
At 30/11/201779,84731,46540,66610,546162,524
Net Book Amounts
At 30/11/2017275,130-4,10226,954306,186
At 30/11/2016282,2304,9726,05935,938329,199
3. STOCK 20172016
££
Stock comprises:
Stock11,44610,831
11,44610,831
4. DEBTORS 20172016
££
Amounts falling due within one year
Prepayments1,8971,683
1,8971,683
Abercairn Ltd
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20172016
££
UK corporation tax20,53718,929
VAT21,73218,620
PAYE control-2,341
Directors current account20615,173
Trade creditors16,62714,633
Pension schemes31-
Accruals5,2364,751
64,36974,447
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20172016
££
Bank loans (secured) >1yr270,000270,000
270,000270,000
7. EMPLOYEES
20172016
No.No.
Average number of employees87
8. PROVISIONS FOR LIABILITIES 20172016
££
Deferred taxation132,492
132,492
Abercairn Ltd
9. SHARE CAPITAL 20172016
££
Allotted, issued and fully paid:
2 Ordinary shares of £1 each22
22
10. RELATED PARTY TRANSACTIONS
During the year dividends of £68,000 (2016 - £91,260) was paid to the director of the company.