A & S Business Services Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: SC250844 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

A & S Business Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs S M Howes

A K Howes

SECRETARY:

Mrs S M Howes

REGISTERED OFFICE:

Ellisford

Kirkcudbright

DG6 4SG

REGISTERED NUMBER:

SC250844 (Scotland)

FIXED ASSETS

Tangible assets

4

4,067

4,678

CURRENT ASSETS

Stocks

175

Debtors

5

9,415

8,757

Cash at bank

77,827

56,565

87,417

65,497

CREDITORS

Amounts falling due within one year

6

29,547

29,623

NET CURRENT ASSETS

57,870

35,874

TOTAL ASSETS LESS CURRENT
LIABILITIES

61,937

40,552

PROVISIONS FOR LIABILITIES

813

754

NET ASSETS

61,124

39,798

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

61,024

39,698

SHAREHOLDERS' FUNDS

61,124

39,798

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 26 November 2017 and were signed on
its behalf by:

Mrs S M Howes - Director

A K Howes - Director

1.	STATUTORY INFORMATION

A & S Business Services Limited is a private company, limited by shares , registered in Scotland. The

company's registered number and registered office address can be found on the Company Information

page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office Equipment

-

33% on cost and 25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,

except to the extent that it relates to items recognised in other comprehensive income or directly in

equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the balance sheet date.

Deferred tax

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

the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that are

expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable

that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Office

Equipment

£

COST

At 1 April 2016

18,746

Additions

1,299

Disposals

(1,689

)

At 31 March 2017

18,356

DEPRECIATION

At 1 April 2016

14,068

Charge for year

1,910

Eliminated on disposal

(1,689

)

At 31 March 2017

14,289

NET BOOK VALUE

At 31 March 2017

4,067

At 31 March 2016

4,678

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

Trade debtors

7,404

6,001

Other debtors

2,011

2,756

9,415

8,757

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

Trade creditors

424

1,175

Taxation and social security

15,215

15,694

Other creditors

13,908

12,754

29,547

29,623

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The Company owed Mr A K Howes, director £6,921 (2016 £6,299) on current account at balance sheet date and Mrs S M Howes, director £6,921 (2016 £6,300) on current account at balance sheet date. Both directors have indicated that they will not require repayment of these accounts unless the Company is otherwise able to meet its financial obligations as they fall due. The current accounts do not carry interest .

8.	RELATED PARTY DISCLOSURES

The ultimate controlling party of the company is Mrs S M Howes, director and majority shareholder.