REGISTERED NUMBER: SC132175 (Scotland)

Unaudited Financial Statements for the Year Ended 31 May 2017

for

A & T INDUSTRIAL SUPPLIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A T Houston

D A Houston

N A Houston

SECRETARY:

N A Houston

REGISTERED OFFICE:

Seath Road

Rutherglen Industrial Estate

Rutherglen

Glasgow

G73 1RW

REGISTERED NUMBER:

SC132175 (Scotland)

ACCOUNTANTS:

Brand Jamieson & Co. Ltd.

Chartered Accountants

2 Victoria Place

Rutherglen

Glasgow

G73 2JP

FIXED ASSETS

Tangible assets

4

8,669

10,570

CURRENT ASSETS

Stocks

8,105

10,261

Debtors

5

27,564

33,144

Cash at bank

24,696

9,620

60,365

53,025

CREDITORS

Amounts falling due within one year

6

(23,722

)

(35,375

)

NET CURRENT ASSETS

36,643

17,650

TOTAL ASSETS LESS CURRENT LIABILITIES

45,312

28,220

CAPITAL AND RESERVES

Called up share capital

30,002

30,002

Retained earnings

15,310

(1,782

)

SHAREHOLDERS' FUNDS

45,312

28,220

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2017 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 28 February 2018 and were signed on its behalf by:

A T Houston - Director

N A Houston - Director

1.	STATUTORY INFORMATION

A & T Industrial Supplies 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.

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, 20% on cost and 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.

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.

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 4 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2016

and 31 May 2017

137,741

DEPRECIATION

At 1 June 2016

127,171

Charge for year

1,901

At 31 May 2017

129,072

NET BOOK VALUE

At 31 May 2017

8,669

At 31 May 2016

10,570

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.17

31.5.16

£

£

Trade debtors

27,564

33,144

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.17

31.5.16

£

£

Trade creditors

15,620

26,861

Taxation and social security

2,354

2,766

Other creditors

5,748

5,748

23,722

35,375

7.	ULTIMATE CONTROLLING PARTY

Control of the company is evenly split between the 2 directors, David Houston and Neil Houston.