Company Registration No. SC042634 (Scotland)
Keogh & Savage (Investments) Limited
Financial Statements
for the year ended 31 January 2019
Keogh & Savage (Investments) Limited
Financial Statements
Contents
Keogh & Savage (Investments) Limited
Company Information
for the year ended 31 January 2019
Directors
Ms Flora Keogh
Ms Ursula Westlake
Company Number
SC042634 (Scotland)
Registered Office
110A Maxwell Avenue
Bearsden
Glasgow
G61 1HU
Keogh & Savage (Investments) Limited
Statement of financial position
as at 31 January 2019
Investment property
1,347,000
1,347,000
Cash at bank and in hand
88,824
73,423
Creditors: amounts falling due within one year
(445,737)
(419,874)
Net current liabilities
(334,613)
(324,151)
Total assets less current liabilities
1,013,193
1,023,905
Provisions for liabilities
Net assets
937,426
1,023,905
Called up share capital
100
100
Profit and loss account
937,326
1,023,805
Shareholders' funds
937,426
1,023,905
For the year ending 31 January 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 14 June 2019.
Ms Flora Keogh
Director
Company Registration No. SC042634
Keogh & Savage (Investments) Limited
Notes to the Accounts
for the year ended 31 January 2019
Keogh & Savage (Investments) Limited is a private company, limited by shares, registered in Scotland, registration number SC042634. The registered office is 110A Maxwell Avenue, Bearsden, Glasgow, G61 1HU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% reducing balance
4
Tangible fixed assets
Fixtures & fittings
Fair value at 1 February 2018
1,347,000
At 31 January 2019
1,347,000
Investment properties were revalued by Allied Scotland, Chartered Surveyors, in 2017
Keogh & Savage (Investments) Limited
Notes to the Accounts
for the year ended 31 January 2019
Other debtors
22,300
22,300
7
Creditors: amounts falling due within one year
2019
2018
Taxes and social security
5,239
6,155
Other creditors
439,698
412,919
8
Deferred taxation
2019
2018
Revaluation of investment property
75,767
-
Charged to the profit and loss account
75,767
-
Provision at end of year
75,767
-
Deferred taxation is provided on the potential corporation tax on the sale of investment properties.
9
Average number of employees
During the year the average number of employees was 2 (2018: 2).
