REGISTERED NUMBER: SC266814 (Scotland)

Abbreviated Unaudited Accounts

for the Year Ended 31 October 2016

for

A & R Finnie Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

R A Finnie

SECRETARY:

Mrs A Finnie

REGISTERED OFFICE:

48 Park View

Balmullo

KY16 0DN

REGISTERED NUMBER:

SC266814 (Scotland)

ACCOUNTANTS:

MMG Archbold

Chartered Accountants

Chapelshade House

78-84 Bell Street

Dundee

DD1 1RQ

FIXED ASSETS

Tangible assets

2

387,765

354,745

CURRENT ASSETS

Debtors

353,031

224,399

Cash at bank and in hand

245,270

194,437

598,301

418,836

CREDITORS

Amounts falling due within one year

493,355

348,243

NET CURRENT ASSETS

104,946

70,593

TOTAL ASSETS LESS CURRENT LIABILITIES

492,711

425,338

CREDITORS

Amounts falling due after more than one year

(156,717

)

(136,369

)

PROVISIONS FOR LIABILITIES

(64,130

)

(60,629

)

NET ASSETS

271,864

228,340

CAPITAL AND RESERVES

Called up share capital

3

1,000

1,000

Profit and loss account

270,864

227,340

SHAREHOLDERS' FUNDS

271,864

228,340

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 23 December 2016 and were signed by:

R A Finnie - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The director confirms that, after making appropriate enquiries, he has reasonable expectation that the company

has adequate resources to continue in operational existence for the foreseeable future. For this reason, he

continues to adopt the going concern basis in preparing these financial statements.

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 represents net invoiced sales of goods, excluding 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

33% on cost

Motor vehicles

-

25% on cost and 20% on cost

Computer equipment

-

33% on cost

Deferred tax

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

sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Pension costs and other post-retirement benefits

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2015

830,894

Additions

223,917

Disposals

(82,775

)

At 31 October 2016

972,036

DEPRECIATION

At 1 November 2015

476,149

Charge for year

174,342

Eliminated on disposal

(66,220

)

At 31 October 2016

584,271

NET BOOK VALUE

At 31 October 2016

387,765

At 31 October 2015

354,745

3.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2016

2015

value:

£

£

1,000

Ordinary

£1

1,000

1,000