Strategy Cards Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC550630 (Scotland)

Strategy Cards Limited

Financial Statements For The Year Ended 30 November 2018

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

Ms S Frame-O'Hare

Ms J R Frame-O'Hare

REGISTERED OFFICE:

20 Mason Haugh Road

Burghead

Elgin

Moray

IV30 5ZE

REGISTERED NUMBER:

SC550630 (Scotland)

ACCOUNTANTS:

The Long Partnership

Park House Centre

South Street

Elgin

IV30 1JB

FIXED ASSETS

Tangible assets

4

194

243

CURRENT ASSETS

Debtors

5

436

7

Cash at bank

1,468

-

1,904

7

CREDITORS

Amounts falling due within one year

6

13,540

6,420

NET CURRENT LIABILITIES

(11,636

)

(6,413

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(11,442

)

(6,170

)

CAPITAL AND RESERVES

Called up share capital

7

1

1

Retained earnings

8

(11,443

)

(6,171

)

SHAREHOLDERS' FUNDS

(11,442

)

(6,170

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2018 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 19 August 2019 and were signed on its behalf by:

Ms S Frame-O'Hare - Director

Ms J R Frame-O'Hare - Director

1.	STATUTORY INFORMATION

Strategy Cards Limited 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

The accounts have been prepared on the going concern basis because the directors have agreed not to seek

repayment of their loan of £12,010 included in other creditors until all third party creditors have been paid.

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 each asset over its estimated useful life.

Equipment

-

20% on reducing balance

Taxation

Taxation for the year 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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Equipment

£

COST

At 1 December 2017

and 30 November 2018

260

DEPRECIATION

At 1 December 2017

17

Charge for year

49

At 30 November 2018

66

NET BOOK VALUE

At 30 November 2018

194

At 30 November 2017

243

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.18

30.11.17

£

£

Trade debtors

305

-

Other debtors

131

7

436

7

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.18

30.11.17

£

£

Bank loans and overdrafts

-

263

Other creditors

13,540

6,157

13,540

6,420

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.18

30.11.17

value:

£

£

10,000

Ordinary

£0.0001

1

1

8.

RESERVES

Retained

earnings

£

At 1 December 2017

(6,171

)

Deficit for the year

(5,272

)

At 30 November 2018

(11,443

)

9.	RELATED PARTY DISCLOSURES

S Frame-O`Hare and J R Frame-O`Hare

are directors in the company

A interest free directors loan has been given to the company from the directors . No repayment terms have been

agreed.

30.11.18

30.11.17

£

£

Amount due to related party at the balance sheet date

12,010

5,178

10.	ULTIMATE CONTROLLING PARTY

The company is under the joint control of the directors.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Strategy Cards Limited for the year ended 30 November 2018 which comprise the Income

Statement, Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Strategy Cards Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Strategy Cards Limited and state those matters that we have agreed to state to the Board of Directors of Strategy Cards Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Strategy Cards Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Strategy Cards Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Strategy Cards Limited. You consider that Strategy Cards Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Strategy Cards Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

The Long Partnership

Park House Centre

South Street

Elgin

IV30 1JB

19 August 2019