Under The Kilt Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: SC294950 (Scotland)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MAY 2014

FOR

UNDER THE KILT LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Dr J McDougall

P J McDougall

SECRETARY:

P J McDougall

REGISTERED OFFICE:

98/1 Great Junction Street

Edinburgh

EH6 5LD

REGISTERED NUMBER:

SC294950 (Scotland)

ACCOUNTANTS:

Danzig Limited

Chartered Accountants

6 St Colme Street

Edinburgh

Lothian

EH3 6AD

CURRENT ASSETS

Debtors

614

635

CREDITORS

Amounts falling due within one year

(888

)

(909

)

NET CURRENT LIABILITIES

(274

)

(274

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(274

)

(274

)

CAPITAL AND RESERVES

Called up share capital

2

20

20

Profit and loss account

(294

)

(294

)

SHAREHOLDERS' FUNDS

(274

)

(274

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved, and authorised for issue by the Board of Directors on 24 February 2015 and were signed on its behalf by:

P J McDougall - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents the invoiced sale of services.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date, where transactions or events that resulting in an obligation to pay more tax in the future or a right to

pay less tax in the future have occurred at the balance sheet date.

A net deferred tax asset is regarded as recoverable and therefore recognised only when, on the basis of all

available evidence, it can be regarded as more likely than not that there will be suitable taxable profits against

which to recover carried forward tax losses and from which the future reversal of underlying timing differences

can be deducted.

Deferred tax is measured at the average tax rates that are expected to apply in the periods in which the timing

differences are expected to reverse, based on the tax rates and laws that have been enacted or substantively

enacted by the balance sheet date. Deferred tax is measured on a non-discounted basis.

2.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2014

2013

value:

£

£

20

Ordinary

£1

20

20