Electric Scribe 2000 Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC214214 (Scotland)

Financial Statements for the Year Ended 31 December 2018

for

Electric Scribe 2000 Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A Barclay

SECRETARY:

REGISTERED OFFICE:

19 Bon Accord Crescent

Aberdeen

AB11 6DE

REGISTERED NUMBER:

SC214214 (Scotland)

ACCOUNTANTS:

A J Croll & Company

19 Bon Accord Crescent

Aberdeen

Aberdeenshire

AB11 6DE

FIXED ASSETS

Tangible assets

4

30,791

35,842

Investments

5

-

-

30,791

35,842

CURRENT ASSETS

Cash at bank

10,493

5,714

CREDITORS

Amounts falling due within one year

6

43,744

30,709

NET CURRENT LIABILITIES

(33,251

)

(24,995

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(2,460

)

10,847

PROVISIONS FOR LIABILITIES

5,177

5,177

NET (LIABILITIES)/ASSETS

(7,637

)

5,670

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(7,737

)

5,570

SHAREHOLDERS' FUNDS

(7,637

)

5,670

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 director acknowledges his 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 14 September 2019 and were signed by:

A Barclay - Director

1.	STATUTORY INFORMATION

Electric Scribe 2000 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

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.

Improvements to property

-

10% on cost

Plant and machinery

-

10% on cost

Fixtures and fittings

-

20% on cost

Computer equipment

-

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.

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 2 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 January 2018

and 31 December 2018

15,120

34,291

1,370

12,494

63,275

DEPRECIATION

At 1 January 2018

4,537

9,160

1,370

12,366

27,433

Charge for year

1,512

3,411

-

128

5,051

At 31 December 2018

6,049

12,571

1,370

12,494

32,484

NET BOOK VALUE

At 31 December 2018

9,071

21,720

-

-

30,791

At 31 December 2017

10,583

25,131

-

128

35,842

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2018

and 31 December 2018

29,984

PROVISIONS

At 1 January 2018

and 31 December 2018

29,984

NET BOOK VALUE

At 31 December 2018

-

At 31 December 2017

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Taxation and social security

21,803

22,180

Other creditors

21,941

8,529

43,744

30,709

7.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A Barclay.