REGISTERED NUMBER: SC265290 (Scotland)

ABBREVIATED ACCOUNTS FOR THE PERIOD 1 OCTOBER 2014 TO 31 MARCH 2016

FOR

A. G.MILLOY LTD.

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Alexander Graham Milloy

SECRETARY:

Karen Alison Milloy

REGISTERED OFFICE:

Loch View

The Avenue

Inveraray

Argyll

PA32 8YX

REGISTERED NUMBER:

SC265290 (Scotland)

ACCOUNTANTS:

R A Clement Associates

5 Argyll Square

Oban

Argyll

PA34 4AZ

FIXED ASSETS

Intangible assets

2

-

4,500

Tangible assets

3

-

45,957

-

50,457

CURRENT ASSETS

Debtors

234

14,621

Cash at bank

11,291

8,481

11,525

23,102

CREDITORS

Amounts falling due within one year

10,498

35,243

NET CURRENT ASSETS/(LIABILITIES)

1,027

(12,141

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,027

38,316

CAPITAL AND RESERVES

Called up share capital

4

1,000

1,000

Profit and loss account

27

37,316

SHAREHOLDERS' FUNDS

1,027

38,316

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 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 6 June 2016 and were signed by:

Alexander Graham Milloy - 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 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.

Plant and machinery

-

15% on reducing balance

Computer equipment

-

33% on reducing balance

Deferred tax

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

sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of the business in 2004 ,was being amortised

evenly over its estimated useful life of twenty years. As the company has ceased to trade on 31st March 2016 the

remaining £4,500 has been written off in the final period.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2014

and 31 March 2016

10,000

AMORTISATION

At 1 October 2014

5,500

Amortisation for period

4,500

At 31 March 2016

10,000

NET BOOK VALUE

At 31 March 2016

-

At 30 September 2014

4,500

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2014

52,997

Additions

5,350

Disposals

(58,347

)

At 31 March 2016

-

DEPRECIATION

At 1 October 2014

7,040

Eliminated on disposal

(7,040

)

At 31 March 2016

-

NET BOOK VALUE

At 31 March 2016

-

At 30 September 2014

45,957

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2014

value:

£

£

1,000

Ordinary

£1

1,000

1,000