For the year ended 31 March 2013
Unaudited Abbreviated Report and Financial Statements
Scotland
Registered Number: SC137429
1 Office Equipment Ltd
For the year ended 31 March 2013
1
Accountants' Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
1 Office Equipment Ltd
Accountants' Report
For the year ended 31 March 2013
| As described in the balance sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2013 |
| and you consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions, we |
| have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting |
| records and information and explanations supplied to us. |
Han & Co
61 Scott Street
Dundee
DD2 2BA
30 December 2013
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| Abbreviated Balance Sheet |
1 Office Equipment Ltd
2013
2012
2
31,823
39,634
31,823
39,634
36,372
42,922
150,049
151,868
129,587
98,054
324,377
284,475
| Creditors: amounts falling due within one year |
(193,369)
(207,840)
91,106
116,537
Net current assets
| Total assets less current liabilities |
148,360
130,740
148,360
Net assets
130,740
1,002
3
1,002
147,358
129,738
148,360
130,740
Shareholders funds
| For the year ended 31 March 2013 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. |
| Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476, |
| 2) 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 in accordance with the provisions applicable to companies subject to the small companies regime.
| Date approved by the board: 30 December 2013 |
| Gwendolyn KiddSecretary Director |
| Signed on behalf of the board of directors |
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| Notes to the Abbreviated Financial Statements |
1 Office Equipment Ltd
For the year ended 31 March 2013
| The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
| Finance lease and hire purchase charges |
The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
| The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are |
| charged to the profit and loss account in the period in which they are payable. |
| Proposed dividends are only included as liabilities in the financial statements when their payment has been approved by the shareholders |
| prior to the balance sheet date. |
| Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and Machinery
Motor Vehicles
Fixtures and Fittings
| No depreciation is provided on the company's freehold properties since in the opinion of the directors the expected useful lives are |
| sufficiently long and the estimated residual values are sufficiently high that any such depreciation would be immaterial. The directors |
| undertake an annual impairment review of these properties. |
| Assets on finance lease and hire purchase |
| Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership |
| have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease |
| term and their estimated expected useful lives. |
| Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods. |
| Stocks 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 costs and an appropriate proportion of fixed and variable overheads. |
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| Notes to the Abbreviated Financial Statements |
1 Office Equipment Ltd
For the year ended 31 March 2013
116,144
(15,052)
101,092
76,510
(11,480)
4,239
Charge for year
69,269
31,823
39,634
| Allotted called up and fully paid |
2013
2012
| 1,002 Ordinary shares of £1.00 each |
1,002
1,002
1,002
1,002
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