Company Registration No. SC295744 (Scotland)
Fast Lane Roadmarkings Ltd
Unaudited accounts
for the year ended 31 March 2020
Fast Lane Roadmarkings Ltd
Unaudited accounts
Contents
Fast Lane Roadmarkings Ltd
Company Information
for the year ended 31 March 2020
Company Number
SC295744 (Scotland)
Registered Office
162 Woodhall Road
Colinton
Edinburgh
EH13 0PJ
Accountants
Rosebery Accountants & Business Advisors
23 Melville Street
Edinburgh
EH3 7PE
Fast Lane Roadmarkings Ltd
Statement of financial position
as at 31 March 2020
Tangible assets
22,135
29,168
Cash at bank and in hand
83,792
66,272
Creditors: amounts falling due within one year
(152,315)
(34,912)
Net current assets
63,860
32,497
Called up share capital
100
100
Profit and loss account
85,895
61,565
Shareholders' funds
85,995
61,665
For the year ending 31 March 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 October 2020 and were signed on its behalf by
Alex Craig
Director
Company Registration No. SC295744
Fast Lane Roadmarkings Ltd
Notes to the Accounts
for the year ended 31 March 2020
Fast Lane Roadmarkings Ltd is a private company, limited by shares, registered in Scotland, registration number SC295744. The registered office is 162 Woodhall Road, Colinton, Edinburgh, EH13 0PJ.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
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Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2019
54,350
88,708
143,058
At 31 March 2020
54,695
88,708
143,403
At 1 April 2019
44,613
69,277
113,890
Charge for the year
2,521
4,857
7,378
At 31 March 2020
47,134
74,134
121,268
At 31 March 2020
7,561
14,574
22,135
At 31 March 2019
9,737
19,431
29,168
Fast Lane Roadmarkings Ltd
Notes to the Accounts
for the year ended 31 March 2020
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Creditors: amounts falling due within one year
2020
2019
Taxes and social security
58,174
30,683
Other creditors
4,645
2,602
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Average number of employees
During the year the average number of employees was 2 (2019: 2).
