REGISTERED NUMBER: SC244404 (Scotland)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 29 FEBRUARY 2016

FOR

A & R SYSTEMS LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

A B Lawrie

SECRETARY:

Mrs R E Lawrie

REGISTERED OFFICE:

20 Anderson Street

Airdrie

Lanarkshire

ML6 0AA

REGISTERED NUMBER:

SC244404 (Scotland)

ACCOUNTANTS:

Benson Wood & Co.

20 Anderson Street

Airdrie

Lanarkshire

ML6 0AA

FIXED ASSETS

Tangible assets

2

10,706

14,275

CURRENT ASSETS

Stocks

1,000

1,200

Debtors

38,304

43,655

Cash at bank

13,507

5,388

52,811

50,243

CREDITORS

Amounts falling due within one year

22,695

22,722

NET CURRENT ASSETS

30,116

27,521

TOTAL ASSETS LESS CURRENT LIABILITIES

40,822

41,796

CREDITORS

Amounts falling due after more than one year

(9,306

)

(17,775

)

PROVISIONS FOR LIABILITIES

(837

)

(2,855

)

NET ASSETS

30,679

21,166

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

30,579

21,066

SHAREHOLDERS' FUNDS

30,679

21,166

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 22 November 2016 and were signed by:

A B Lawrie - 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

15% 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.

Deferred tax

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

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire

purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over

their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital

element of the future payments is treated as a liability.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2015

and 29 February 2016

23,316

DEPRECIATION

At 1 March 2015

9,041

Charge for year

3,569

At 29 February 2016

12,610

NET BOOK VALUE

At 29 February 2016

10,706

At 28 February 2015

14,275

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

100

Ordinary

£1

100

100