Aberdeen City Decorators Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: SC306497 (Scotland)

Unaudited Financial Statements for the Year Ended 31 August 2017

for

Aberdeen City Decorators Limited

Page

Company Information

1

Report of the Accountants

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

AM Bruce

Mrs F Bruce

SECRETARY:

Fairclough Accountancy Services Ltd

REGISTERED OFFICE:

53 High Street

LAURENCEKIRK

AB30 1BH

REGISTERED NUMBER:

SC306497 (Scotland)

ACCOUNTANTS:

Fairclough Accountancy Services Ltd

53 High Street

Laurencekirk

Aberdeenshire

AB30 1BH

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Directors are not required to be filed with the Registrar of Companies.

In accordance with our engagement letter dated the 14 May 2010, and in order to assist you to fulfil your duties under

the Companies Act 2006, we have prepared the financial statements of the company for the year ended 31st August

2017 on pages 4 to 9 from accounting records and information and explanations supplied to us.

This report is made to the company's Board of Directors, as a body, in accordance with the terms of our engagement.

Our work has been undertaken to enable us to prepare the financial statements on behalf of the company's Board of

Directors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to

anyone other than the company and the company's Board of Directors, as a body, for our work or for this report.

These financial statements are prepared using United Kingdom generally accepted accounting practices and in

accordance with the relevant provisions of applicable financial reporting standards. In preparing these financial

statements we have complied with the ethical guidelines laid down by the professional accountancy bodies.

You have acknowledged on the Balance sheet as at 31 August 2017 your duty to ensure that the company has kept

proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act

2006. You consider that the company is exempt from the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the

accuracy or completeness of the accounting records or information and explanations you have given to us and we do not

therefore express an opinion on the financial statements.

K Fairclough

(For Fairclough Accountancy Services Ltd.)

Fairclough Accountancy Services Ltd

53 High Street

Laurencekirk

Aberdeenshire

AB30 1BH

23 February 2018

FIXED ASSETS

Tangible assets

4

788

768

CURRENT ASSETS

Stocks

500

Debtors

5

19,049

14,107

Cash at bank

86,385

66,624

105,934

81,231

CREDITORS

Amounts falling due within one year

6

24,427

21,794

NET CURRENT ASSETS

81,507

59,437

TOTAL ASSETS LESS CURRENT
LIABILITIES

82,295

60,205

PROVISIONS FOR LIABILITIES

150

154

NET ASSETS

82,145

60,051

CAPITAL AND RESERVES

Called up share capital

12

2

Retained earnings

82,133

60,049

SHAREHOLDERS' FUNDS

82,145

60,051

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 23 February 2018 and were signed on its behalf
by:

AM Bruce - Director

Mrs F Bruce - Director

1.	STATUTORY INFORMATION

Aberdeen City Decorators 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.

The principal accounting policies are summarised below. They have all been applied consistently throughout the

year and the preceding year.

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 the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Computer equipment

-

20% on reducing balance

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss 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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

COST

At 1 September 2016

1,443

1,009

2,452

Additions

257

-

257

At 31 August 2017

1,700

1,009

2,709

DEPRECIATION

At 1 September 2016

1,257

427

1,684

Charge for year

121

116

237

At 31 August 2017

1,378

543

1,921

NET BOOK VALUE

At 31 August 2017

322

466

788

At 31 August 2016

186

582

768

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.17

31.8.16

£

Trade debtors

9,467

7,781

Other debtors

9,582

6,326

19,049

14,107

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.17

31.8.16

£

Bank loans and overdrafts

-

14

Trade creditors

277

668

Taxation and social security

20,708

18,049

Other creditors

3,442

3,063

24,427

21,794

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2017 and

31 August 2016:

31.8.17

31.8.16

£

AM Bruce

Balance outstanding at start of year

(2,811

)

(3,275

)

Amounts advanced

1,355

594

Amounts repaid

(287

)

(130

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(1,743

)

(2,811

)

Mrs F Bruce

Balance outstanding at start of year

-

Amounts repaid

(712

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(712

)

-

Throughout the year the director paid sums on behalf of the company, the company also paid sums on behalf of

the director. These transactions are allocated to a loan account held in the director's name. The movement in the

loan account is detailed above.The balance outstanding at any one time is repayable on demand. Interest may be

applied at the discretion of the director.

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £46,500 (2016 - £43,383) were paid to the directors .

9.	ULTIMATE CONTROLLING PARTY

The controlling party is AM Bruce.