REGISTERED NUMBER: SC250328 (Scotland)

Unaudited Financial Statements for the Year Ended 31 May 2018

for

A & M Dobbin Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A Dobbin

Mrs M Dobbin

S Dobbin

C Dobbin

REGISTERED OFFICE:

8 St Maura Gardens

Millport

KA28 OHL

REGISTERED NUMBER:

SC250328 (Scotland)

ACCOUNTANTS:

Smith Inglis & Tait

1 Auchingramont Road

Hamilton

ML3 6JP

FIXED ASSETS

Intangible assets

4

25,000

30,000

Tangible assets

5

22,987

26,586

47,987

56,586

CURRENT ASSETS

Stocks

28,525

29,721

Debtors

6

13,224

10,465

Cash at bank and in hand

7,466

10,578

49,215

50,764

CREDITORS

Amounts falling due within one year

7

96,726

104,512

NET CURRENT LIABILITIES

(47,511

)

(53,748

)

TOTAL ASSETS LESS CURRENT LIABILITIES

476

2,838

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

472

2,834

SHAREHOLDERS' FUNDS

476

2,838

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2018 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 3 January 2019 and were signed on its behalf by:

A Dobbin - Director

1.	STATUTORY INFORMATION

A & M Dobbin 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Goodwill

Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line

basis over the estimated expected useful economic life of the goodwill of 20 years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are

measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc

-

25% 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 17 (2017 - 17 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 June 2017

and 31 May 2018

100,000

AMORTISATION

At 1 June 2017

70,000

Charge for year

5,000

At 31 May 2018

75,000

NET BOOK VALUE

At 31 May 2018

25,000

At 31 May 2017

30,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2017

113,184

Additions

4,064

At 31 May 2018

117,248

DEPRECIATION

At 1 June 2017

86,598

Charge for year

7,663

At 31 May 2018

94,261

NET BOOK VALUE

At 31 May 2018

22,987

At 31 May 2017

26,586

6.

DEBTORS

31.5.18

31.5.17

£

£

Amounts falling due within one year:

Prepayments

2,922

463

Amounts falling due after more than one year:

Trade debtors

10,302

10,002

Aggregate amounts

13,224

10,465

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.18

31.5.17

£

£

Trade creditors

33,220

19,793

Pension Account

51

-

UK Corporation Tax

8,473

12,358

Social security and other taxes

1,490

1,632

VAT

1,927

4,136

Directors' current accounts

51,130

60,982

Accrued expenses

435

5,611

96,726

104,512

8.	CONTROLLING PARTY

The company was controlled by the directors by virtue of their shareholdings.