Esr Uk (Group) Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC457916 (Scotland)

Unaudited Financial Statements for the Year Ended 31 December 2019

for

Esr Uk (Group) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

6

DIRECTOR:

Mr S Mackie

REGISTERED OFFICE:

Unit 9 Insch Business Park

Insch

AB52 6TA

REGISTERED NUMBER:

SC457916 (Scotland)

ACCOUNTANTS:

Acumen Accountants and Advisors Limited

Offices 1 & 8, Unit 1A

Burghmuir Circle

Blackhall Indrustrial Estate

Inverurie

Aberdeenshire

AB51 4FS

CURRENT ASSETS

Debtors

5

44,227

9,345

Cash at bank

444

130

44,671

9,475

CREDITORS

Amounts falling due within one year

6

30,251

6,565

NET CURRENT ASSETS

14,420

2,910

TOTAL ASSETS LESS CURRENT LIABILITIES

14,420

2,910

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

14,320

2,810

SHAREHOLDERS' FUNDS

14,420

2,910

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 and authorised for issue on 26 June 2020 and were signed by:

Mr S Mackie - Director

1.	STATUTORY INFORMATION

Esr Uk (Group) 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the

UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to

the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional

disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these

financial statements are rounded to the nearest £.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts. Turnover from the sale of goods is recognised when the goods are physically

delivered to the customer. Turnover from the supply of services represents the value of services provided under contracts to the

extent that there is a right to consideration and is recorded at the value of the consideration due. Where the contract has only been

partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of

the total contract value. Where payments are received from customers in advance of services provided, the amounts are recorded

as Deferred Income and included as part of Creditors due within one year.

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.

Financial instruments

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction

price including transaction costs and are subsequently carried at amortised cost.

Financial assets are derecognised when the contractual rights to cash flows from the asset expire or are settled or when the

company transfers the risks and rewards of ownership to another entity.

Basic financial liabilities

Basic financial liabilities, which include trade and other creditors and bank loans, are initially recognised at transaction price and

are subsequently carried at amortised cost.

Financial liabilities are derecognised when the company's contractual obligations are discharged.

Provisions

Provisions are recognised when the Company has an obligation at the reporting date as a result of a past event which it is probable

will result in the transfer of economic benefits and that obligation can be estimated reliably.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of

money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that

reflects the risks specific to the liability. The unwinding of the discount is recognised within interest payable and similar charges.

4.	EMPLOYEES AND DIRECTORS

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

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.19

31.12.18

£

£

Trade debtors

25,342

4,117

Amounts owed by group undertakings

18,784

5,128

Other debtors

101

100

44,227

9,345

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.19

31.12.18

£

£

Bank loans and overdrafts

18,721

4,009

Trade creditors

433

1

Taxation and social security

9,597

1,555

Other creditors

1,500

1,000

30,251

6,565

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2019 and 31 December 2018:

31.12.19

31.12.18

£

£

Mr S Mackie

Balance outstanding at start of year

100

-

Amounts advanced

1

100

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

101

100

These amounts bear no interest and have no fixed repayment terms.

8.	RELATED PARTY DISCLOSURES

During the year there were related party transactions with companies in which the director Mr S Mackie is a majority shareholder,

which are summarised below:

At the balance sheet date there was an inter-company balance of £16,344 due from Engineering Solutions & Rental Limited.

At the balance sheet date there was an inter-company balance of £2,400 due from Mackie Property Investments Limited.

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr S Mackie.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial

statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are

cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be

filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of

Esr Uk (Group) Ltd for the year ended 31 December 2019 which comprise the Income Statement, Balance Sheet, Statement of Changes in

Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the director of Esr Uk (Group) Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Esr Uk (Group) Ltd and state those matters that we have agreed to state to the director of Esr Uk (Group) Ltd in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Esr Uk (Group) Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Esr Uk (Group) Ltd. You consider that Esr Uk (Group) Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Esr Uk (Group) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Acumen Accountants and Advisors Limited

Offices 1 & 8, Unit 1A

Burghmuir Circle

Blackhall Indrustrial Estate

Inverurie

Aberdeenshire

AB51 4FS

26 June 2020