Fraser Douglas Marketing Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC111535 (Scotland)

Unaudited Financial Statements

for the Period 2 August 2018 to 31 July 2019

for

Fraser Douglas Marketing Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D J Tharby

Dr K J Fraser

SECRETARY:

D J Tharby

REGISTERED OFFICE:

2/2 King Street

Edinborough

EH6 6TN

REGISTERED NUMBER:

SC111535 (Scotland)

ACCOUNTANTS:

Camplejohn Rowan

CFC House

Acorn Business Park

Woodseats Close

Sheffield

South Yorkshire

S8 0TB

FIXED ASSETS

Tangible assets

4

956

1,275

CURRENT ASSETS

Debtors

5

14

-

Cash at bank

4,732

11,045

4,746

11,045

CREDITORS

Amounts falling due within one year

6

(223

)

(3,142

)

NET CURRENT ASSETS

4,523

7,903

TOTAL ASSETS LESS CURRENT LIABILITIES

5,479

9,178

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

5,379

9,078

SHAREHOLDERS' FUNDS

5,479

9,178

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 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 and authorised for issue on 8 April 2020 and were signed on its behalf by:

D J Tharby - Director

1.	STATUTORY INFORMATION

Fraser Douglas Marketing 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.

Fixtures and fittings

-

25% on reducing balance

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 2 (2018 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 2 August 2018

and 31 July 2019

5,826

DEPRECIATION

At 2 August 2018

4,551

Charge for period

319

At 31 July 2019

4,870

NET BOOK VALUE

At 31 July 2019

956

At 1 August 2018

1,275

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.19

1.8.18

£

£

VAT

14

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.19

1.8.18

£

£

Tax

(277

)

450

VAT

-

917

Other creditors

17

148

Directors' current accounts

63

1,052

Accrued expenses

420

575

223

3,142

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 July 2019 and the year

ended 1 August 2018:

31.7.19

1.8.18

£

£

D J Tharby

Balance outstanding at start of period

(1,052

)

(135

)

Amounts advanced

989

(917

)

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

(63

)

(1,052

)

8.	ULTIMATE CONTROLLING PARTY

The company's directors, DJ Tharby and KJ Fraser control the company, each holding 50% of the issued share

capital.