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REGISTERED NUMBER: SC316502 (Scotland)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

ROBERT A. NEELY LTD.

ROBERT A. NEELY LTD. (REGISTERED NUMBER: SC316502)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 4


ROBERT A. NEELY LTD.

COMPANY INFORMATION
for the year ended 31 March 2018







DIRECTOR: D Neely



SECRETARY: Mrs M Neely



REGISTERED OFFICE: The Gatehouse
Crosshill Raod
Bishopbriggs
Glasgow
G64 2QG



REGISTERED NUMBER: SC316502 (Scotland)



ACCOUNTANTS: Robert D. Locke & Co Ltd
Chartered Accountants
8 Heather Drive
Lenzie
Glasgow
G66 4UF



BANKERS: Bank of Scotland
191 Kirkintilloch Road
Bishopbriggs
Glasgow
G64 2LS

ROBERT A. NEELY LTD. (REGISTERED NUMBER: SC316502)

BALANCE SHEET
31 March 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 380,170 381,098

CURRENT ASSETS
Cash at bank and in hand 62,798 48,450

CREDITORS
Amounts falling due within one year 5 71,776 71,744
NET CURRENT LIABILITIES (8,978 ) (23,294 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

371,192

357,804

CREDITORS
Amounts falling due after more than one
year

6

265,402

296,253
NET ASSETS 105,790 61,551

CAPITAL AND RESERVES
Called up share capital 1,810 1,810
Retained earnings 103,980 59,741
SHAREHOLDERS' FUNDS 105,790 61,551

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 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 director on 31 October 2018 and were signed by:




D Neely - Director


ROBERT A. NEELY LTD. (REGISTERED NUMBER: SC316502)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2018

1. STATUTORY INFORMATION

Robert A. Neely Ltd. 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 - 33% on cost and 25% on reducing balance

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 5 (2017 - 6 ) .

ROBERT A. NEELY LTD. (REGISTERED NUMBER: SC316502)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2018

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2017 300,157 126,588 426,745
Additions - 2,313 2,313
At 31 March 2018 300,157 128,901 429,058
DEPRECIATION
At 1 April 2017 - 45,647 45,647
Charge for year - 3,241 3,241
At 31 March 2018 - 48,888 48,888
NET BOOK VALUE
At 31 March 2018 300,157 80,013 380,170
At 31 March 2017 300,157 80,941 381,098

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Bank loans and overdrafts 1,145 1,145
Trade creditors 1,126 4,541
Taxation and social security 60,834 31,980
Other creditors 8,671 34,078
71,776 71,744

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2018 2017
£    £   
Bank loans 187,704 198,635
Other creditors 77,698 97,618
265,402 296,253

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 183,124 194,055
Other loans more 5yrs instal 71,058 90,978
254,182 285,033