Scottish Target Shooting - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC515115 (Scotland)

Unaudited Financial Statements for the Year Ended 31 December 2018

for

Scottish Target Shooting

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M J Barlow

G J Ellis

J Kemp

T L W Kidner

T Liddon

Colonel A J Loudon

G McKenna

K T R Shields

M G Sinclair

C I H Thomson

Ms L Bestwick

C McLaughlin

SECRETARY:

O J H Barsby

REGISTERED OFFICE:

Caledonia House 1 Redheughs Rigg

South Gyle

EDINBURGH

EH12 9DQ

REGISTERED NUMBER:

SC515115 (Scotland)

ACCOUNTANTS:

Facts & Figures (Scotland) Limited

4 Polwarth Gardens

Edinburgh

EH11 1LW

FIXED ASSETS

Tangible assets

4

18,592

23,442

CURRENT ASSETS

Debtors

5

5,146

6,247

Cash at bank and in hand

119,433

80,867

124,579

87,114

CREDITORS

Amounts falling due within one year

6

44,288

27,939

NET CURRENT ASSETS

80,291

59,175

TOTAL ASSETS LESS CURRENT LIABILITIES

98,883

82,617

PROVISIONS FOR LIABILITIES

8

3,532

4,454

NET ASSETS

95,351

78,163

RESERVES

Unrestricted reserves

9

45,457

33,143

Income and expenditure account

9

49,894

45,020

MEMBERS' FUNDS

95,351

78,163

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 surplus or deficit 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 26 August 2019 and were signed on its behalf by:

O J Barsby - Director

1.	STATUTORY INFORMATION

Scottish Target Shooting is a private company, limited by guarantee , 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 each asset over its estimated useful life.

Plant and machinery

-

20% on cost

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to surplus or deficit on a straight line basis

over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2017 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 January 2018

and 31 December 2018

24,250

DEPRECIATION

At 1 January 2018

808

Charge for year

4,850

At 31 December 2018

5,658

NET BOOK VALUE

At 31 December 2018

18,592

At 31 December 2017

23,442

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

-

225

Prepayments

5,146

6,022

5,146

6,247

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

19,410

390

Social security and other taxes

445

445

Deferred income

18,583

25,454

Accrued expenses

5,850

1,650

44,288

27,939

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2018

2017

£

£

Within one year

2,377

2,377

Between one and five years

7,427

9,804

9,804

12,181

The operating lease held with sportscotland for the office provided at Caledonia House was

renewed on the 6th of April 2017 and will run through to the 5th of April 2022.

8.	PROVISIONS FOR LIABILITIES

2018

2017

£

£

Deferred tax

Accelerated capital allowances

3,532

4,454

Deferred

tax

£

Balance at 1 January 2018

4,454

Provided during year

(922

)

Balance at 31 December 2018

3,532

9.

RESERVES

Income

and

expenditure

Unrestricted

account

reserves

Totals

£

£

£

At 1 January 2018

45,020

33,143

78,163

Surplus for the year

15,026

15,026

Other movements

(10,152

)

12,314

2,162

At 31 December 2018

49,894

45,457

95,351

During the year, the company received £2,162 from the closure of the Scottish Smallbore

Rifle Association, a related shooting body.