Auch Well Limited - Accounts to registrar (filleted) - small 18.2

Auch Well Limited - Accounts to registrar (filleted) - small 18.2

AUCH WELL LIMITED - Company Information

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REGISTERED NUMBER: SC314145 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2019

for

AUCH WELL LIMITED
AUCH WELL LIMITED (REGISTERED NUMBER: SC314145)

Contents of the Financial Statements
for the Year Ended 31 March 2019










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AUCH WELL LIMITED

Company Information
for the Year Ended 31 March 2019







DIRECTORS: R Cheyne
C Yule





REGISTERED OFFICE: 28 Albyn Place
Aberdeen
AB10 1YL





REGISTERED NUMBER: SC314145 (Scotland)





1
AUCH WELL LIMITED (REGISTERED NUMBER: SC314145)

Balance Sheet
31 March 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 490,979 492,106
Investments 4 20,000 20,000
510,979 512,106

CURRENT ASSETS
Debtors 5 357,881 482,027
Cash at bank 21,127 21,514
379,008 503,541
CREDITORS
Amounts falling due within one year 6 130,044 237,483
NET CURRENT ASSETS 248,964 266,058
TOTAL ASSETS LESS CURRENT
LIABILITIES
759,943
778,164

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 759,843 778,064
SHAREHOLDERS' FUNDS 759,943 778,164

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 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 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 20 December 2019 and were signed on its behalf
by:



R Cheyne - Director


The notes form part of these financial statements

2
AUCH WELL LIMITED (REGISTERED NUMBER: SC314145)

Notes to the Financial Statements
for the Year Ended 31 March 2019


1. STATUTORY INFORMATION

Auch Well 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.
Land and buildings - held at cost
Plant and machinery etc - 25% 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.

3
AUCH WELL LIMITED (REGISTERED NUMBER: SC314145)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2019


3. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2018
and 31 March 2019 489,658 4,869 494,527
DEPRECIATION
At 1 April 2018 - 2,421 2,421
Charge for year - 1,127 1,127
At 31 March 2019 - 3,548 3,548
NET BOOK VALUE
At 31 March 2019 489,658 1,321 490,979
At 31 March 2018 489,658 2,448 492,106

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2018
and 31 March 2019 20,000
NET BOOK VALUE
At 31 March 2019 20,000
At 31 March 2018 20,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Other debtors 357,881 482,027

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade creditors - 2,652
Other creditors 130,044 234,831
130,044 237,483

7. ULTIMATE CONTROLLING PARTY

The controlling party is C Yule.

4