Independent Arts Projects Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC581505 (Scotland)

INDEPENDENT ARTS PROJECTS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 14 NOVEMBER 2017 TO 31 MARCH 2019

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Ms F E Fraser

Ms H Putsey

Ms M Robinson

Ms V Rutherford-O'Leary

Ms K S Stuart

SECRETARY:

Ms M Robinson

REGISTERED OFFICE:

Flat 10 78 Mcdonald Road

Edinburgh

EH7 4NT

REGISTERED NUMBER:

SC581505 (Scotland)

ACCOUNTANTS:

Benham Conway & Co

16 Royal Crescent

Glasgow

G3 7SL

FIXED ASSETS

Tangible assets

3

245

CURRENT ASSETS

Debtors

4

16,107

Cash at bank

56,839

72,946

CREDITORS

Amounts falling due within one year

5

72,962

NET CURRENT LIABILITIES

(16

)

TOTAL ASSETS LESS CURRENT LIABILITIES

229

RESERVES

Retained earnings

229

229

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2019 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 15 July 2019 and were signed on its behalf by:

Ms V Rutherford-O'Leary - Director

1.	STATUTORY INFORMATION

Independent Arts Projects 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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 the cost less estimated residual value

of each asset over its estimated useful life.

Plant and machinery, etc - 33% on cost

Taxation

Taxation for the period 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 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.

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

366

At 31 March 2019

366

DEPRECIATION

Charge for period

121

At 31 March 2019

121

NET BOOK VALUE

At 31 March 2019

245

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other debtors

16,107

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other creditors

72,962