EHG Associates Limited
EHG Associates Limited
Registered number: SC545282
Unaudited Financial Statements
For The Year Ended 30 September 2018
Lothian Accounting Limited (SC556470)
CA
3 Priory Gate
North Berwick
East Lothian
EH39 4SA
EHG Associates Limited
Unaudited Financial Statements
For The Year Ended 30 September 2018
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Accountant's Report | 1 |
| Balance Sheet | 2—3 |
| Notes to the Financial Statements | 4—5 |
EHG Associates Limited
Accountant's Report
For The Year Ended 30 September 2018
Accountant's Report
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of EHG Associates Limited for the year ended 30 September 2018 which comprise the profit and loss account and balance sheet from the company's accounting records and from information and explanations you have given me.
As a practising member of the Institute of Chartered Accountants of Scotland, I am subject to its ethical and other professional requirements which are detailed at http://www.icas.com/technical-resources/framework-for-the-preparation-of-accounts-revised-january-2017.
This report is made solely to the Board of Directors of EHG Associates Limited, as a body, in accordance with the terms of my engagement letter dated 26 February 2019. My work has been undertaken in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at http://www.icas.com/technical-resources/framework-for-the-preparation-of-accounts-revised-january-2017. To the fullest extent permitted by law, I do not accept responsibility to anyone other than EHG Associates Limited and its Board of Directors as a body for my work or for this report.
I have not been instructed to carry out an audit or a review of the accounts of EHG Associates Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the financial statements.
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CA
3 Priory Gate
North Berwick
East Lothian
EH39 4SA
Page 1
EHG Associates Limited
Balance Sheet
As at
30 September 2018
Balance Sheet
Registered number:
SC545282
For the year ending 30 September 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 30 September 2018 | Period to 30 September 2017 | ||||
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| Notes | £ | £ | £ | £ | |
| CURRENT ASSETS | |||||
| Debtors | 3 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 4 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 5 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | 10,536 | 87 | |||
Page 2
EHG Associates Limited
Balance Sheet (continued)
As at
30 September 2018
Directors' responsibilities:
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The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. -
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
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The notes on pages 4 to 5 form part of these financial statements.
Page 3
EHG Associates Limited
Notes to the Financial Statements
For The Year Ended 30 September 2018
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
1.3.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Current tax for the year is recognised in profit or loss, except when it related to items that are recognised in other comprehensive income or directly in equity, in which case, the current tax is also recognised in other comprehensive income or directly in equity respectively.
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows: 3 (2017: 3)
3.
Debtors
| 30 September 2018 | Period to 30 September 2017 | ||
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| £ | £ | ||
| Due within one year | |||
| Trade debtors |
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| Other debtors |
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| Directors' loan accounts | 8,000 | - | |
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Page 4
EHG Associates Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 September 2018
4.
Creditors: Amounts Falling Due Within One Year
| 30 September 2018 | Period to 30 September 2017 | ||
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| £ | £ | ||
| Trade creditors |
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| Corporation tax |
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| VAT |
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| Accruals and deferred income |
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| Directors' loan accounts |
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6.
Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
| As at |
Amounts advanced | Amounts repaid | Amounts written off | As at |
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| £ | £ | £ | £ | £ | |
| Mrs Sian Evans |
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| Mr Andrew Hopper |
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The above loan is unsecured, interest free and repayable on demand.
7.
General Information
EHG Associates Limited is a private company, limited by shares, incorporated in Scotland, registered number SC545282 . The registered office is 6 Yardheads, Edinburgh, EH6 6BU.
Page 5