Andy Scott (Merchandising) Limited - Accounts to registrar (filleted) - small 18.2
Andy Scott (Merchandising) Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
ANDY SCOTT (MERCHANDISING) LIMITED |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2018 |
ANDY SCOTT (MERCHANDISING) LIMITED (REGISTERED NUMBER: SC515123) |
CONTENTS OF THE FINANCIAL STATEMENTS |
For The Year Ended 31 July 2018 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
ANDY SCOTT (MERCHANDISING) LIMITED |
COMPANY INFORMATION |
For The Year Ended 31 July 2018 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
16 Royal Crescent |
Glasgow |
G3 7SL |
ANDY SCOTT (MERCHANDISING) LIMITED (REGISTERED NUMBER: SC515123) |
BALANCE SHEET |
31 July 2018 |
31.7.18 | 31.7.17 |
Notes | £ | £ |
CURRENT ASSETS |
Stocks |
Debtors | 4 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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. |
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 |
ANDY SCOTT (MERCHANDISING) LIMITED (REGISTERED NUMBER: SC515123) |
NOTES TO THE FINANCIAL STATEMENTS |
For The Year Ended 31 July 2018 |
1. | STATUTORY INFORMATION |
Andy Scott (Merchandising) Limited is a |
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 |
Turnover |
Turnover represents sales of goods supplied in the period, excluding value added tax. |
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 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 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. |
Going concern |
The director has prepared the accounts on a going concern basis despite there being net liabilities at the balance |
sheet date as the main creditor is a related party and will not seek repayment of this loan until the company has |
sufficient funds. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.7.18 | 31.7.17 |
£ | £ |
Trade debtors |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.7.18 | 31.7.17 |
£ | £ |
Trade creditors |
Social security and other taxes |
Other creditors |
ANDY SCOTT (MERCHANDISING) LIMITED (REGISTERED NUMBER: SC515123) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 31 July 2018 |
6. | RELATED PARTY DISCLOSURES |
At 31 July 2018, Andy Scott (Merchandising) Limited, owed Andy Scott (Public Art) Limited, a related party as |
a result of a common director and shareholder, £25,105 (2017, £25,057). There are no fixed repayment terms for |
this loan. |