Euroscot Aberdeen Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC473757 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2019

for

EUROSCOT ABERDEEN LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

K Reid

SECRETARY:

Infinity Secretaries Limited

REGISTERED OFFICE:

5 Carden Place

Aberdeen

AB10 1UT

REGISTERED NUMBER:

SC473757 (Scotland)

FIXED ASSETS

Tangible assets

4

9,816

18,995

CURRENT ASSETS

Debtors

5

474

-

Cash at bank

5,474

7,380

5,948

7,380

CREDITORS

Amounts falling due within one year

6

34,871

48,991

NET CURRENT LIABILITIES

(28,923

)

(41,611

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(19,107

)

(22,616

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(19,108

)

(22,617

)

SHAREHOLDERS' FUNDS

(19,107

)

(22,616

)

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 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 24 December 2019 and were signed by:

K Reid - Director

1.	STATUTORY INFORMATION

Euroscot Aberdeen 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 represents the total invoice value, excluding value added tax, of sales made during the year and derives

from the provision of goods falling within the company's ordinary activities.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

Motor vehicles

-

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.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 April 2018

and 31 March 2019

15,557

23,960

39,517

DEPRECIATION

At 1 April 2018

11,038

9,484

20,522

Charge for year

3,189

5,990

9,179

At 31 March 2019

14,227

15,474

29,701

NET BOOK VALUE

At 31 March 2019

1,330

8,486

9,816

At 31 March 2018

4,519

14,476

18,995

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Other debtors

474

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

2,284

2,134

VAT

3,565

1,127

Other creditors

16,305

16,305

Director's curr accs less 1yr

2,717

21,925

Accrued expenses

10,000

7,500

34,871

48,991

7.	ULTIMATE CONTROLLING PARTY

During the current and prior periods, the company was controlled by the director.

8.	GOING CONCERN

These accounts have been prepared on the going concern basis, on the understanding that the directors and

shareholders will continue to financially support the company.