Safety Welding and Lifting Holdings Ltd - Accounts to registrar (filleted) - small 18.2
Safety Welding and Lifting Holdings Ltd - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 NOVEMBER 2019 |
FOR |
SAFETY WELDING AND LIFTING HOLDINGS LTD |
SAFETY WELDING AND LIFTING HOLDINGS LTD (REGISTERED NUMBER: SC338325) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 NOVEMBER 2019 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
SAFETY WELDING AND LIFTING HOLDINGS LTD |
COMPANY INFORMATION |
FOR THE YEAR ENDED 30 NOVEMBER 2019 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Statutory Auditor |
63 Kenneth Street |
Stornoway |
Isle of Lewis |
HS1 2DS |
SAFETY WELDING AND LIFTING HOLDINGS LTD (REGISTERED NUMBER: SC338325) |
BALANCE SHEET |
30 NOVEMBER 2019 |
30.11.18 | 30.11.19 |
£ | £ | Notes | £ | £ |
FIXED ASSETS |
Investments | 5 |
CREDITORS |
Amounts falling due within one year | 6 |
( |
) | NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
SHAREHOLDERS' FUNDS |
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 |
SAFETY WELDING AND LIFTING HOLDINGS LTD (REGISTERED NUMBER: SC338325) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 NOVEMBER 2019 |
1. | STATUTORY INFORMATION |
Safety Welding and Lifting Holdings Ltd is a |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The presentational currency of the financial statements is the Pound Sterling (£) and the accounts are rounded to the nearest £1. |
Going concern |
The directors have assessed the company's ability to continue as a going concern in the context of the COVID-19 pandemic. |
They have reviewed the financial projections which have been prepared by the management team. |
Based on these projections and the wider information currently available, the directors consider that the company has sufficient resources to meet any potential concerns and there are no material uncertainties about the company's ability to continue as a going concern. |
The company was dormant throughout the current year and previous year. |
Preparation of consolidated financial statements |
The financial statements contain information about Safety Welding and Lifting Holdings Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Rosskeen Holdings Limited, Rosskeen Old Manse, Invergordon, Ross-shire,IV18 0PL. |
Significant judgements and estimates |
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions that affect the amounts reported for assets, liabilities, income and expenditure. |
The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. |
The estimates and assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised and in future periods should it affect future periods. |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
SAFETY WELDING AND LIFTING HOLDINGS LTD (REGISTERED NUMBER: SC338325) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 NOVEMBER 2019 |
3. | ACCOUNTING POLICIES - continued |
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. |
4. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2018 - NIL). |
5. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1 December 2018 |
and 30 November 2019 |
NET BOOK VALUE |
At 30 November 2019 |
At 30 November 2018 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.11.19 | 30.11.18 |
£ | £ |
Amounts owed to group undertakings |
7. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
8. | ULTIMATE CONTROLLING PARTY |
The controlling party is M McDonald. |