REGISTERED NUMBER: SC358792 (Scotland)

Abbreviated Unaudited Accounts for the Year Ended 31 May 2016

for

Abercromby Vending Ltd.

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mrs T Graham

SECRETARY:

Mrs T Graham

REGISTERED OFFICE:

505 Great Western Road

GLASGOW

G12 8HN

REGISTERED NUMBER:

SC358792 (Scotland)

ACCOUNTANTS:

The Kelvin Partnership Ltd

Chartered Accountants

The Cooper Building

505 Great Western Road

Glasgow

G12 8HN

FIXED ASSETS

Intangible assets

2

60,000

80,000

Tangible assets

3

896,790

915,924

956,790

995,924

CURRENT ASSETS

Stocks

182,400

149,500

Debtors

34,841

53,299

Cash at bank and in hand

524,570

306,294

741,811

509,093

CREDITORS

Amounts falling due within one year

503,529

414,100

NET CURRENT ASSETS

238,282

94,993

TOTAL ASSETS LESS CURRENT LIABILITIES

1,195,072

1,090,917

CREDITORS

Amounts falling due after more than one year

(486,943

)

(602,185

)

PROVISIONS FOR LIABILITIES

(105,358

)

(105,058

)

NET ASSETS

602,771

383,674

CAPITAL AND RESERVES

Called up share capital

4

10,000

10,000

Profit and loss account

592,771

373,674

SHAREHOLDERS' FUNDS

602,771

383,674

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 24 January 2017 and were signed by:

Mrs T Graham - 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 is the amount receivable for the provision of goods and services falling within the company's ordinary

activities, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

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

Freehold property

-

4% on cost

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

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 where transactions or events have occurred at that date that will result in an obligation to pay more

tax, or a right to pay less tax, or a right to receive repayments of tax.

Deferred tax assets are recognised only to the extent that the directors consider it more likely than not that there

will be suitable taxable profits from which the future reversal of the underlying timing differences can be

deducted.

Deferred tax is measured at tax rates that are expected to apply in the periods in which timing differences

reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2015

and 31 May 2016

200,000

AMORTISATION

At 1 June 2015

120,000

Amortisation for year

20,000

At 31 May 2016

140,000

NET BOOK VALUE

At 31 May 2016

60,000

At 31 May 2015

80,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2015

1,247,195

Additions

111,510

Disposals

(20,000

)

At 31 May 2016

1,338,705

DEPRECIATION

At 1 June 2015

331,271

Charge for year

128,259

Eliminated on disposal

(17,615

)

At 31 May 2016

441,915

NET BOOK VALUE

At 31 May 2016

896,790

At 31 May 2015

915,924

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.16

31.5.15

value:

£

£

10,000

Ordinary

£1

10,000

10,000