REGISTERED NUMBER: SC341887 (Scotland)

Unaudited Financial Statements

for the Year Ended

30 April 2016

for

Aberdeenphoto.com Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs S H Gordon

SECRETARY:

Mrs S H Gordon

REGISTERED OFFICE:

256 Wellington Road

Aberdeen

Aberdeenshire

AB12 3DJ

REGISTERED NUMBER:

SC341887 (Scotland)

ACCOUNTANTS:

J M Taylor Accountants Limited

Kirkton Cottage

Wellington Road

Aberdeen

AB12 3JB

FIXED ASSETS

Tangible assets

2

41,167

26,726

CURRENT ASSETS

Stocks

3

6,500

15,000

Debtors

4

3,104

17,088

Cash at bank

19,120

6,705

28,724

38,793

CREDITORS

Amounts falling due within one year

5

33,334

50,820

NET CURRENT LIABILITIES

(4,610

)

(12,027

)

TOTAL ASSETS LESS CURRENT LIABILITIES

36,557

14,699

CREDITORS

Amounts falling due after more than one year

6

(19,606

)

-

PROVISIONS FOR LIABILITIES

8

-

(5,345

)

NET ASSETS

16,951

9,354

CAPITAL AND RESERVES

Called up share capital

9

10

10

Profit and loss account

10

16,941

9,344

SHAREHOLDERS' FUNDS

16,951

9,354

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

The financial statements were approved by the director on 6 June 2018 and were signed by:

Mrs S H Gordon - Director

1.	ACCOUNTING POLICIES

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 net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

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

Equipment

-

25% on cost

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

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

for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Motor

property

Equipment

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 May 2015

14,941

98,862

5,165

9,344

128,312

Additions

-

22,331

-

-

22,331

At 30 April 2016

14,941

121,193

5,165

9,344

150,643

DEPRECIATION

At 1 May 2015

-

89,834

4,071

7,681

101,586

Charge for year

-

7,255

219

416

7,890

At 30 April 2016

-

97,089

4,290

8,097

109,476

NET BOOK VALUE

At 30 April 2016

14,941

24,104

875

1,247

41,167

At 30 April 2015

14,941

9,028

1,094

1,663

26,726

3.

STOCKS

30.4.16

30.4.15

£

£

Stocks

4,500

9,000

Work-in-progress

2,000

6,000

6,500

15,000

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.16

30.4.15

£

£

Trade debtors

-

11,500

Other debtors

1,606

-

Directors' current accounts

-

5,512

Tax

1,378

-

Prepayments

120

76

3,104

17,088

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.16

30.4.15

£

£

Bank loans and overdrafts

-

2,093

Trade creditors

-

1,891

Taxation

4,551

10,112

Social security and other taxes

-

16,119

VAT

13,295

9,569

Directors' current accounts

4,017

-

Credit card

5,213

4,377

Accrued expenses

6,258

6,659

33,334

50,820

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.16

30.4.15

£

£

Other loans - 2-5 years

19,606

-

7.	PREFERENCE SHARES

Details of preference shares are as follows:

8.	PROVISIONS FOR LIABILITIES

30.4.16

30.4.15

£

£

Deferred tax

-

5,345

Deferred

tax

£

Balance at 1 May 2015

5,345

Provided during year

(5,345

)

Balance at 30 April 2016

-

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.16

30.4.15

value:

£

£

10

Ordinary

£1

10

10

10.

RESERVES

Profit

and loss

account

£

At 1 May 2015

9,344

Profit for the year

11,097

Dividends

(3,500

)

At 30 April 2016

16,941

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2016 and

30 April 2015:

30.4.16

30.4.15

£

£

Mrs S H Gordon

Balance outstanding at start of year

5,512

(5,760

)

Amounts advanced

21,243

11,272

Amounts repaid

(30,772

)

-

Balance outstanding at end of year

(4,017

)

5,512

12.	ULTIMATE CONTROLLING PARTY

The controlling party is Mrs S H Gordon.