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STUART FINDLAY ASSOCIATES LIMITED - Company Information

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Stuart Findlay Associates Ltd

Registered Number:SC229937

For the year ended 30 April 2020

Scotland

Unaudited Financial Statements

For the year ended 30 April 2020

Stuart Findlay Associates Ltd

Contents Page

Statement of Financial Position

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Notes to the Financial Statements

Registered Number :

SC229937

As at 30 April 2020

Stuart Findlay Associates Ltd

Statement of Financial Position

2019

2020

Notes

Fixed assets

Property, plant and equipment

556

Current assets

Inventories

450

472

Trade and other receivables

3,228

11,338

Cash and cash equivalents

9,977

10,519

15,016

Trade and other payables: amounts falling due within one

year

(11,520)

(7,367)

3,496

3,152

Net current assets

Total assets less current liabilities

3,152

4,052

3,152

Net assets

4,052

Capital and reserves

Called up share capital

100

Retained earnings

3,052

3,952

3,152

4,052

Shareholders' funds

For the year ended 30 April 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 of its financial statements for the year ended 30 April 2020 in accordance with Section 476 of the Companies Act 2006

The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section

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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Mr Stuart Alexander Findlay Director

These financial statements were approved and authorised for issue by the Board on 10 November 2020 and were signed by:

The notes form part of these financial statements

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For the year ended 30 April 2020

Stuart Findlay Associates Ltd

Notes to the Financial Statements

Statutory Information

Stuart Findlay Associates Ltd is a private limited company, limited by shares, domiciled in Scotland, registration

number SC229937.

Registered address:

Hazelbank

25 Ravensheugh Road

Edinburgh

EH21 7PX

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A of Financial

Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the

Companies Act 2006. The financial statements have been prepared under the historical costs convention as

modified by the revaluation of certain assets.

Revenue recognition

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of 0 years.

Property, plant and equipment

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and machinery

25% Reducing balance

Inventories

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

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For the year ended 30 April 2020

Stuart Findlay Associates Ltd

Notes to the Financial Statements Continued

2. Intangible fixed assets

Goodwill

Cost or valuation

At 01 May 2019

20,000

Disposals

(20,000)

At 30 April 2020

Amortisation

At 01 May 2019

20,000

(20,000)

On disposals

At 30 April 2020

Net book value

At 30 April 2020

At 30 April 2019

3. Property, plant and equipment

Plant and

machinery

Cost or

valuation

At 01 May 2019

5,338

Disposals

(5,338)

At 30 April 2020

Provision for depreciation and impairment

At 01 May 2019

4,782

(4,782)

On disposal

At 30 April 2020

Net book value

At 30 April 2019

556

4. Inventories

2019

2020

Stocks

472

450

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For the year ended 30 April 2020

Stuart Findlay Associates Ltd

Notes to the Financial Statements Continued

5. Trade and other receivables

2019

2020

Trade debtors

2,694

Other debtors

534

3,228

6. Trade and other payables: amounts falling due within one year

2019

2020

Bank loans and overdraft

276

Taxation and social security

1,561

2,977

Other creditors

5,752

8,267

7,367

11,520

7. Average number of persons employed

During the year the average number of employees was 0

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