Data Shoogle Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC538741 (Scotland)

Unaudited Financial Statements

for the Year Ended 30 June 2018

for

Data Shoogle Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Miss E M Watson

REGISTERED OFFICE:

147 Bath Street

Glasgow

G2 4SN

REGISTERED NUMBER:

SC538741 (Scotland)

ACCOUNTANTS:

Gillespie & Anderson

147 Bath Street

Glasgow

G2 4SN

CURRENT ASSETS

Debtors

4

26,570

10,120

Cash at bank

21,164

9,404

47,734

19,524

CREDITORS

Amounts falling due within one year

5

10,916

9,493

NET CURRENT ASSETS

36,818

10,031

TOTAL ASSETS LESS CURRENT LIABILITIES

36,818

10,031

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

36,817

10,030

36,818

10,031

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Profit and loss account has not been delivered.

The financial statements were approved by the director on 29 March 2019 and were signed by:

Miss E M Watson - Director

1.	STATUTORY INFORMATION

Data Shoogle 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Going Concern

The company has cash resources and has no requirement for external funding. The Directors have a reasonable

expectation that the company has adequate resources to continue in operational existence for the foreseeable

future. They continue to believe the going concern basis of accountancy appropriate in preparing the annual

financial statements.

Significant judgements and estimates

The Directors have made judgements, estimates and assumptions that affect the amounts reported within the

financial statements during the year. Actual results may differ from these estimates. Estimates and underlying

assumptions are reviewed on an ongoing basis. The Directors' estimates, assumptions and judgements that have a

significant risk of causing material adjustment to the carrying amount of assets and liabilities within the financial

statements are addressed and detail is provided in the associated notes.

Turnover

Turnover represents gross sales of goods and services, including value added tax, adjusted for work in progress

and is recognised when the company becomes entitled to the income.

Financial instruments

The company has no complex financial instruments but does hold basic financial instruments of; cash at bank,

debtors and creditors.

Cash and cash equivalents comprise cash at bank and on hand, foreign currency on hand, demand deposits with

banks and other short-term highly liquid investments with original maturities of three months or less and bank

overdrafts. A bank overdraft would be shown within current liabilities.

Trade debtors are initially recognised at fair value and subsequently measured at amortised cost using the

effective interest method, less losses for bad debts except where the effect of discounting would be immaterial. In

such cases, trade and other debtors are stated at cost less losses for bad debts.

Trade creditors and other creditors are initially recognised at fair value and subsequently measured at amortised

cost using the effective interest rate unless the effect of discounting would be immaterial. In such cases, trade and

other creditors are stated at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

Provisions for liabilities

A provision for liabilities is initially recognised when there is an obligation at the balance sheet date as the result

of a past event, it is probable that there will be the transfer of funds in settlement and the amount of the

obligation can be estimated readily. The provision is subsequently measured by placing a charge against the

provision only for expenditure for which the provision was originally recognised.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - NIL).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

26,570

10,120

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

-

5,336

Taxation and social security

9,098

2,470

Other creditors

1,818

1,687

10,916

9,493

6.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2018

2017

£

£

Within one year

-

50

7.	RELATED PARTY DISCLOSURES

During the year, total dividends of £12,000 were paid to the director .