Abbreviated Company Accounts - A & S (BAKERS AND BUTCHERS) LIMITED

A & S (BAKERS AND BUTCHERS) LIMITED Registered Number SC034766

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	2,528	3,050
		2,528	3,050
Current assets
Stocks		500	2,500
Debtors		-	51
Cash at bank and in hand		109	70
		609	2,621
Creditors: amounts falling due within one year		(53,389)	(55,603)
Net current assets (liabilities)		(52,780)	(52,982)
Total assets less current liabilities		(50,252)	(49,932)
Total net assets (liabilities)		(50,252)	(49,932)
Capital and reserves
Called up share capital	3	10,000	10,000
Profit and loss account		(60,252)	(59,932)
Shareholders' funds		(50,252)	(49,932)

For the year ending 31 December 2015 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 26 September 2016

And signed on their behalf by:
Mr J W Robertson, Director

A & S (BAKERS AND BUTCHERS) LIMITED Registered Number SC034766

Notes to the Abbreviated Accounts for the period ended 31 December 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015)

Turnover policy
Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Heritable property - 4% straight line
Fixtures and fittings - 15% reducing balance

Other accounting policies
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Going Concern
The accounts have been prepared on the going concern basis. The profit and loss reserves are negative and the company is dependant on the continuing support from the directors. The directors have confirmed that they intend to support the company for the foreseeable future.

2Tangible fixed assets

	£
Cost
At 1 January 2015	89,704
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	89,704
Depreciation
At 1 January 2015	86,654
Charge for the year	522
On disposals	-
At 31 December 2015	87,176
Net book values
At 31 December 2015	2,528
At 31 December 2014	3,050

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
40,000 Ordinary shares of £0.25 each	10,000	10,000