Accounts filed on 31-12-2018


Registered number: SC153711






Scot Tile Contracts Limited


ACCOUNTS

FOR THE YEAR ENDED 31/12/2018
























Prepared By:
Accountancy Assured Limited
Chartered Certified Accountants & Chartered Tax Advisers
Suite 1 Beaverhall House
27 Beaverhall Road
Edinburgh
EH7 4JE


ACCOUNTS
FOR THE YEAR ENDED 31/12/2018





DIRECTORS
Erin Smith
Keith David Smith
Colin Ian Patrick



SECRETARY
ACCOUNTANCY ASSURED (SECRETARIAL SERVICES) LTD


REGISTERED OFFICE
Accountancy Assured Ltd
Suite 1, Beaverhall House
27 Beaverhall Road
Edinburgh
EH7 4JE


COMPANY DETAILS
Private company limited by shares registered in SC - Scotland, registered number SC153711



ACCOUNTANTS
Accountancy Assured Limited
Chartered Certified Accountants & Chartered Tax Advisers
Suite 1 Beaverhall House
27 Beaverhall Road
Edinburgh
EH7 4JE


ACCOUNTS
FOR THEYEARENDED31/12/2018



CONTENTS



		Page

Directors' Report		-

Accountants' Report		-

Statement Of Comprehensive Income		-

Balance Sheet		3

Notes To The Accounts		5


The following do not form part of the statutory financial statements:

Trading And Profit And Loss Account		-

Profit And Loss Account Summaries		-


BALANCE SHEET AT 31/12/2018

			2018		2017
	Notes		£		£

FIXED ASSETS
Tangible assets	2		29,631		33,458
Investment Assets	3		1,000		1,000

			30,631		34,458

CURRENT ASSETS
Stock		18,004		19,225
Debtors	5	443,872		424,160
Cash at bank and in hand		52,458		130,499
		514,334		573,884
CREDITORS: Amounts falling due within one year	6	84,867		130,971
NET CURRENT ASSETS			429,467		442,913
TOTAL ASSETS LESS CURRENT LIABILITIES			460,098		477,371


CREDITORS: Amounts falling due after more than one year	7		433		5,627


PROVISIONS FOR LIABILITIES AND CHARGES	9		5,629		6,691

NET ASSETS			454,036		465,053

CAPITAL AND RESERVES

Called up share capital	10		100		100
Profit and loss account			453,936		464,953
SHAREHOLDERS' FUNDS			454,036		465,053


BALANCE SHEET AT 31/12/2018

For the year ending 31/12/2018 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.

Approved by the board on 24/09/2019 and signed on their behalf by



.............................
Keith David Smith
Director



.............................
Colin Patrick
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .




1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Fixtures and Fittings		straight line 20%
Motor Cars		reducing balance 25%




1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.




1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.




1e. Investments
Fixed asset investments are shown at cost less amounts written off.
Provisions are made for permanent fluctuations in value.




3. FINANCIAL ASSETS

	Shares in group companies
	and participating interests	Total
	£	£
Cost
At 01/01/2018	1,000	1,000
At 31/12/2018	1,000	1,000
Amortisation
Net Book Amounts
At 31/12/2018	1,000	1,000
At 31/12/2017	1,000	1,000




5. DEBTORS	2018	2017
	£	£
Amounts falling due within one year
Trade debtors	425,534	405,056
VAT	13,631	13,773
Salaries and wages control	-	842
Prepayments	4,707	4,489
	443,872	424,160




6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2018	2017
	£	£
UK corporation tax	17,370	28,609
PAYE control	944	3,590
Directors current account	11,800	35,500
Loans	38	38
Credit card	1,518	1,763
Finance leases	5,196	5,196
Trade creditors	47,011	55,535
Pension schemes	210	75
Accruals	780	665
	84,867	130,971




7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
	2018	2017
	£	£
Finance Leases >1yr	433	5,627
	433	5,627




10. SHARE CAPITAL	2018	2017
	£	£
Allotted, issued and fully paid:
100 Ordinary shares of £1 each	100	100
	100	100




11. CONTROLLING PARTY
The company was controlled throughout the current and previous period by the directors, Mr KD Smith & Ms E Smith who between them own 58% of the ordinary share capital of the company.