A. & R. Brownlie Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: SC168642 (Scotland)

Abbreviated Accounts for the Year Ended 30 September 2016

for

A. & R. Brownlie Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

6

DIRECTORS:

A J Brownlie

Mrs A M M Brownlie

A G Brownlie

D P Sturrock

SECRETARY:

D P Sturrock

REGISTERED OFFICE:

Old Tweed Mill

Dunsdale Road

Selkirk

Selkirkshire

TD7 5DZ

REGISTERED NUMBER:

SC168642 (Scotland)

ACCOUNTANTS:

Douglas Home and Co Ltd

Old Tweed Mill

Dunsdale Road

Selkirk

Selkirkshire

TD7 5DZ

FIXED ASSETS

Tangible assets

2

553,866

354,309

Investments

3

9,200

Investment property

4

1,228,124

1,204,474

1,791,190

1,567,983

CURRENT ASSETS

Stocks

671,870

Debtors

10,657

10,668

Cash at bank

93,255

120,725

775,782

803,263

CREDITORS

Amounts falling due within one year

278,886

343,494

NET CURRENT ASSETS

496,896

459,769

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,288,086

2,027,752

CREDITORS

Amounts falling due after more than one
year

5

255,000

-

NET ASSETS

2,033,086

2,027,752

CAPITAL AND RESERVES

Called up share capital

6

1,000,000

Share premium

1,310,610

Profit and loss account

(277,524

)

(282,858

)

SHAREHOLDERS' FUNDS

2,033,086

2,027,752

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 17 January 2017 and were signed on its behalf by:

A J Brownlie - 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

The turnover shown in the profit and loss account represents revenue recognised by the company in respect of

services supplied during the period, exclusive of 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

-

25% on reducing balance

Office equipment

-

20% on reducing balance

Land and woodland areas, included in heritable property, are not depreciated.

Investment property

Investment property is shown at market value. Any aggregate surplus or deficit arising from changes in market

value is transferred to a revaluation reserve.

Stock-development property

Work in progress is valued at lower of cost or net realisable value. Cost includes all direct expenditure and an

appropriate proportion of fixed and variable overheads.

Deferred tax

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

sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Employee ownership trust

In accordance with UIFT abstract 32 'Employee Benefit Trusts and other intermediate payment arrangements"

the Company does not include the assets and liabilities of the Trust on its balance sheet to the extent that it

considers that it will not retain any economic benefit from the Trust and will not have control of the rights or

other access to those present economic benefits.

Fixed asset investments

Fixed Asset Investments are stated at cost less provision for any permanent diminution in value. For listed

investments market value is based on the closing middle price on the appropriate recognised stock exchange.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2015

405,051

Additions

200,239

At 30 September 2016

605,290

DEPRECIATION

At 1 October 2015

50,742

Charge for year

682

At 30 September 2016

51,424

NET BOOK VALUE

At 30 September 2016

553,866

At 30 September 2015

354,309

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 October 2015

and 30 September 2016

9,200

NET BOOK VALUE

At 30 September 2016

9,200

At 30 September 2015

9,200

4.	INVESTMENT PROPERTY

Total

£

COST

At 1 October 2015

1,204,474

Additions

23,650

At 30 September 2016

1,228,124

NET BOOK VALUE

At 30 September 2016

1,228,124

At 30 September 2015

1,204,474

5.

CREDITORS

Creditors include the following debts falling due in more than five years:

30/9/16

30/9/15

£

Repayable by instalments

105,000

-

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30/9/16

30/9/15

value:

£

1,000,000

Ordinary shares

£1

1,000,000