Registered Number SC039579

A. & J. SHEDDEN LIMITED

Abbreviated Accounts

31 July 2016

A. & J. SHEDDEN LIMITED Registered Number SC039579

Abbreviated Balance Sheet as at 31 July 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 729,383 749,168
Investments 3 196 196
729,579 749,364
Current assets
Stocks 206,838 212,196
Debtors 49,137 22,886
Cash at bank and in hand 30,914 2,802
286,889 237,884
Creditors: amounts falling due within one year (401,657) (439,804)
Net current assets (liabilities) (114,768) (201,920)
Total assets less current liabilities 614,811 547,444
Creditors: amounts falling due after more than one year (159,225) (79,445)
Provisions for liabilities (32,298) (32,298)
Accruals and deferred income (85,763) (91,875)
Total net assets (liabilities) 337,525 343,826
Capital and reserves
Called up share capital 4 20,937 20,937
Other reserves 500 500
Profit and loss account 316,088 322,389
Shareholders' funds 337,525 343,826
  • For the year ending 31 July 2016 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 25 April 2017

And signed on their behalf by:
Mr R K Shedden, Director

A. & J. SHEDDEN LIMITED Registered Number SC039579

Notes to the Abbreviated Accounts for the period ended 31 July 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts 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 represents amounts receivable for optics and gun sales, and farming services net of VAT.

Tangible assets depreciation policy
Tangible assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land & Buildings Freehold - 5% Reducing Balance
Plant & Machinery - 20% Reducing Balance
Computer Equipment - 20% Reducing Balance
Motor Vehicles - 20% Reducing Balance

Other accounting policies
Investments

Fixed asset investments are stated at cost less provision for diminution in value.

2Tangible fixed assets
£
Cost
At 1 August 2015 1,033,290
Additions 45,351
Disposals (8,500)
Revaluations -
Transfers -
At 31 July 2016 1,070,141
Depreciation
At 1 August 2015 284,122
Charge for the year 62,941
On disposals (6,305)
At 31 July 2016 340,758
Net book values
At 31 July 2016 729,383
At 31 July 2015 749,168

3Fixed assets Investments
The company holds 100% of the share capital of Bowhouse Equestrian Limited, a company registered in Scotland. The principal activity of the company was equestrian activities.

The aggregate amount of capital and reserves and the results of Bowhouse Equestrian Limited for the 2016 financial year were as follows:

Capital and Reserves - £48,394
Profit for the Year - £5,797

4Called Up Share Capital
Allotted, called up and fully paid:
2016
£		 2015
£
7,789 Ordinary A shares of £1 each 7,789 7,789
7,789 Ordinary B shares of £1 each 7,789 7,789
3,056 Ordinary C shares of £1 each 3,056 3,056
2,303 Ordinary D shares of £1 each 2,303 2,303