REGISTERED NUMBER: |
Abbreviated Accounts for the Year Ended 31 August 2016 |
for |
Aberdeen Boiler Services Limited |
REGISTERED NUMBER: |
Abbreviated Accounts for the Year Ended 31 August 2016 |
for |
Aberdeen Boiler Services Limited |
Aberdeen Boiler Services Limited (Registered number: SC254009) |
Contents of the Abbreviated Accounts |
for the Year Ended 31 August 2016 |
Page |
Abbreviated Balance Sheet | 1 |
Notes to the Abbreviated Accounts | 3 |
Aberdeen Boiler Services Limited (Registered number: SC254009) |
Abbreviated Balance Sheet |
31 August 2016 |
31.8.16 | 31.8.15 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
CURRENT ASSETS |
Stocks |
Debtors |
Investments |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 3 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
3 |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 4 |
Profit and loss account |
SHAREHOLDERS' FUNDS |
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. |
Aberdeen Boiler Services Limited (Registered number: SC254009) |
Abbreviated Balance Sheet - continued |
31 August 2016 |
The financial statements were approved by the Board of Directors on |
Aberdeen Boiler Services Limited (Registered number: SC254009) |
Notes to the Abbreviated Accounts |
for the Year Ended 31 August 2016 |
1. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The principal accounting policies adopted in the preparation of the financial statements are set out below and |
have remained unchanged from the previous year, and also have been consistently applied within the same |
accounts. |
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 the net invoiced sales of goods and services for the repair, installation and replacement of |
boilers. |
Tangible fixed assets |
Improvements to property | - |
Plant and machinery | - |
Motor vehicles | - |
Office equipment | - |
Stocks and work in progress |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and |
slow moving items. |
Work in progress is stated at estimated realisable value, after providing for non-recoverable amounts. Work in |
progress represents uninvoiced revenue. |
Deferred tax |
Deferred taxation is provided on the liability method to take account of timing differences between the |
treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred is |
accounted for in respect of all material timing differences. |
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 |
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. |
Investments |
Current asset investments are stated at cost unless, in the opinion of the Directors, there has been a permanent |
diminution in value, in which case an appropriate adjustment is made. |
Aberdeen Boiler Services Limited (Registered number: SC254009) |
Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 August 2016 |
2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 September 2015 |
Additions |
Disposals | ( |
) |
At 31 August 2016 |
DEPRECIATION |
At 1 September 2015 |
Charge for year |
Eliminated on disposal | ( |
) |
At 31 August 2016 |
NET BOOK VALUE |
At 31 August 2016 |
At 31 August 2015 |
3. | CREDITORS |
Creditors include an amount of £ |
4. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.8.16 | 31.8.15 |
value: | £ | £ |
Ordinary shares | £1 |
Aberdeen Boiler Services Limited (Registered number: SC254009) |
Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 August 2016 |
5. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
31.8.16 | 31.8.15 |
£ | £ |
C P Brodie |
Balance outstanding at start of year | 107 | - |
Amounts advanced | - | 107 |
Amounts written off | (107 | ) | - |
Amounts repaid | - | - |
Balance outstanding at end of year | - | 107 |
G E Lappin |
Balance outstanding at start of year | 225 | - |
Amounts advanced | - | 225 |
Amounts written off | (225 | ) | - |
Amounts repaid | - | - |
Balance outstanding at end of year | - | 225 |
The loans above were interest free and there were no fixed repayments terms. |