REGISTERED NUMBER: SC342727 (Scotland)

Abbreviated Unaudited Accounts for the Year Ended 30 September 2016

for

Ergon Equine Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mrs T E Ward

Mrs D K Brander

A M Brander

REGISTERED OFFICE:

Mains Cottage

Whittingehame Mains

Haddington

East Lothian

EH41 4QA

REGISTERED NUMBER:

SC342727 (Scotland)

ACCOUNTANTS:

Douglas Home & Co Ltd

Chartered Accountants

47-49 The Square

Kelso

Roxburghshire

TD5 7HW

FIXED ASSETS

Intangible assets

2

70,000

58,744

Tangible assets

3

2,127

534

72,127

59,278

CURRENT ASSETS

Stocks

5,000

5,000

Debtors

2,931

845

Cash at bank

13,036

7,406

20,967

13,251

CREDITORS

Amounts falling due within one year

48,104

91,364

NET CURRENT LIABILITIES

(27,137

)

(78,113

)

TOTAL ASSETS LESS CURRENT LIABILITIES

44,990

(18,835

)

CAPITAL AND RESERVES

Called up share capital

4

2,520

2,120

Share premium

421,048

321,348

Profit and loss account

(378,578

)

(342,303

)

SHAREHOLDERS' FUNDS

44,990

(18,835

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 29 June 2017 and were signed on its behalf by:

Mrs T E Ward - 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).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a

small company.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Intangible fixed assets amortisation

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

life.

Patents and licences - 5% straight line

Computer software - 20% straight line

Tangible fixed assets

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

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

33% 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.

Deferred tax

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

sheet date.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2015

85,369

Additions

15,105

At 30 September 2016

100,474

AMORTISATION

At 1 October 2015

26,625

Amortisation for year

3,849

At 30 September 2016

30,474

NET BOOK VALUE

At 30 September 2016

70,000

At 30 September 2015

58,744

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2015

1,684

Additions

3,119

At 30 September 2016

4,803

DEPRECIATION

At 1 October 2015

1,150

Charge for year

1,526

At 30 September 2016

2,676

NET BOOK VALUE

At 30 September 2016

2,127

At 30 September 2015

534

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30/9/16

30/9/15

value:

£

£

252,040

Ordinary

£0.01

2,520

2,120

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2016 and

30 September 2015:

30/9/16

30/9/15

£

£

Mrs T E Ward

Balance outstanding at start of year

(14,936

)

(15,439

)

Amounts advanced

21,290

1,033

Amounts repaid

(18,348

)

(530

)

Balance outstanding at end of year

(11,994

)

(14,936

)

A M Brander

Balance outstanding at start of year

(56,108

)

(2,200

)

Amounts advanced

86,195

-

Amounts repaid

(31,000

)

(53,908

)

Balance outstanding at end of year

(913

)

(56,108

)

The company owed T.Ward £11,994 (2015:£14,936) and M.Brander £913 (2015:£56,108) at the year end.

These are interest free loans and are repayable upon demand.