Caseware UK (AP4) 2016.0.208 2016.0.208 2017-12-312017-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truetrueNo description of principal activityfalse2017-01-01 SC034766 2017-01-01 2017-12-31 SC034766 2016-01-01 2016-12-31 SC034766 2017-12-31 SC034766 2016-12-31 SC034766 c:CompanySecretary1 2017-01-01 2017-12-31 SC034766 c:Director1 2017-01-01 2017-12-31 SC034766 c:Director2 2017-01-01 2017-12-31 SC034766 c:Director2 2017-12-31 SC034766 c:RegisteredOffice 2017-01-01 2017-12-31 SC034766 d:Buildings 2017-01-01 2017-12-31 SC034766 d:Buildings 2017-12-31 SC034766 d:Buildings 2016-12-31 SC034766 d:Buildings d:OwnedOrFreeholdAssets 2017-01-01 2017-12-31 SC034766 d:FurnitureFittings 2017-01-01 2017-12-31 SC034766 d:FurnitureFittings 2017-12-31 SC034766 d:FurnitureFittings 2016-12-31 SC034766 d:FurnitureFittings d:OwnedOrFreeholdAssets 2017-01-01 2017-12-31 SC034766 d:OwnedOrFreeholdAssets 2017-01-01 2017-12-31 SC034766 d:CurrentFinancialInstruments 2017-12-31 SC034766 d:CurrentFinancialInstruments 2016-12-31 SC034766 d:CurrentFinancialInstruments d:WithinOneYear 2017-12-31 SC034766 d:CurrentFinancialInstruments d:WithinOneYear 2016-12-31 SC034766 d:ShareCapital 2017-12-31 SC034766 d:ShareCapital 2016-12-31 SC034766 d:RetainedEarningsAccumulatedLosses 2017-12-31 SC034766 d:RetainedEarningsAccumulatedLosses 2016-12-31 SC034766 c:FRS102 2017-01-01 2017-12-31 SC034766 c:AuditExempt-NoAccountantsReport 2017-01-01 2017-12-31 SC034766 c:FullAccounts 2017-01-01 2017-12-31 SC034766 c:PrivateLimitedCompanyLtd 2017-01-01 2017-12-31 iso4217:GBP xbrli:pure
Registered number: SC034766










A & S (BAKERS & BUTCHERS) LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2017

 
A & S (BAKERS & BUTCHERS) LTD
 

COMPANY INFORMATION


Directors
Mr J W Robertson 
Mrs K E Jamieson (resigned 1 September 2017)




Company secretary
Mr J W Robertson



Registered number
SC034766



Registered office
Westby
64 West High Street

Forfar

Angus

DD8 1BJ




Accountants
EQ Accountants LLP
Chartered Accountants

Westby

64 West High Street

Forfar

Angus

DD8 1BJ





 
A & S (BAKERS & BUTCHERS) LTD
REGISTERED NUMBER:SC034766

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2017

2017
2016
Note
£
£

Fixed assets
  

Tangible assets
 4 
3,008
2,070

  
3,008
2,070

Current assets
  

Stocks
  
-
50

Bank & cash balances
  
-
5

  
-
55

Creditors: amounts falling due within one year
 5 
(68,714)
(60,466)

Net current liabilities
  
 
 
(68,714)
 
 
(60,411)

Total assets less current liabilities
  
(65,706)
(58,341)

  

Net liabilities
  
(65,706)
(58,341)


Capital and reserves
  

Called up share capital 
  
10,000
10,000

Profit and loss account
  
(75,706)
(68,341)

  
(65,706)
(58,341)


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 10 August 2018.




Mr J W Robertson
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
A & S (BAKERS & BUTCHERS) LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2017

1.


General information

A & S (Bakers & Butchers) Ltd is a private company limited by shares, registered in Scotland, registration number SC034766. The registered office is 114/116 East High Street, Forfar.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The accounts have been prepared on the going concern basis. The profit and loss reserves are negative and the company is dependant on the continuing support from the directors. The directors have confirmed that they intend to support the company for the foreseeable future.

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 2

 
A & S (BAKERS & BUTCHERS) LTD
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2017

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as detailed below.

Depreciation is provided on the following basis:

Heritable property
-
4%
straight line
Fixtures and fittings
-
15%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of comprehensive income.

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first outbasis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2016 - 2).

Page 3

 
A & S (BAKERS & BUTCHERS) LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2017

4.


Tangible fixed assets





Heritable property
Fixtures & Fittings
Total

£
£
£



Cost or valuation


At 1 January 2017
23,895
65,809
89,704


Additions
1,300
-
1,300



At 31 December 2017

25,195
65,809
91,004



Depreciation


At 1 January 2017
23,893
63,741
87,634


Charge for the year on owned assets
52
310
362



At 31 December 2017

23,945
64,051
87,996



Net book value



At 31 December 2017
1,250
1,758
3,008



At 31 December 2016
2
2,068
2,070


5.


Creditors: Amounts falling due within one year

2017
2016
£
£

Trade creditors
4,039
-

Other creditors
63,115
57,346

Accruals and deferred income
1,560
3,120

68,714
60,466



Page 4