Demma (Scotland) Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC587769 (Scotland)

FINANCIAL STATEMENTS

FOR THE PERIOD 5TH FEBRUARY 2018 TO 31ST JANUARY 2019

FOR

DEMMA (SCOTLAND) LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Demma Group Ltd

Mr A L S Mackenzie

Mr D P Connell

Mr G A Poulton

REGISTERED OFFICE:

Kelvin Steeles

Thornliebank Industrial Estate

Thornliebank

Glasgow

G46 8JT

REGISTERED NUMBER:

SC587769 (Scotland)

AUDITORS:

M.T.Manley & Co Limited

696 Yardley Wood Road

Billesley

Birmingham

West Midlands

B13 0HY

CURRENT ASSETS

Debtors

4

17,762

Cash at bank

148,040

165,802

CREDITORS

Amounts falling due within one year

5

215,017

NET CURRENT LIABILITIES

(49,215

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(49,215

)

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

(49,315

)

SHAREHOLDERS' FUNDS

(49,215

)

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 Board of Directors on 31st October 2019 and were signed on its behalf by:

Mr G A Poulton - Director

Mr D P Connell - Director

1.	STATUTORY INFORMATION

Demma (Scotland) Ltd 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.

Taxation

Taxation for the period 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 period 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 period was 3 .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

10,570

Amounts owed by group undertakings

7,187

Other debtors

5

17,762

Included in amounts owed by group undertakings are the following balances due from:

£

Demma London Limited

778

Demma Services Limited

6,409

7,187

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

355

Amounts owed to group undertakings

202,909

Taxation and social security

9,753

Other creditors

2,000

215,017

Included in amounts owed to group undertakings are the following balances due to :

£

Demma Controls Limited

3,004

Demma Group Limited

199,905

202,909

6.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Christopher Windsor (Senior Statutory Auditor)

for and on behalf of M.T.Manley & Co Limited