Eventrix Scotland Limited - Accounts to registrar (filleted) - small 18.2

Eventrix Scotland Limited - Accounts to registrar (filleted) - small 18.2

EVENTRIX SCOTLAND LIMITED - Company Information

Print Friendly Version

IRIS Accounts Production v20.1.5.71 SC296720 director 1.1.19 31.12.19 31.12.19 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSC2967202018-12-31SC2967202019-12-31SC2967202019-01-012019-12-31SC2967202017-12-31SC2967202018-01-012018-12-31SC2967202018-12-31SC296720ns16:Scotland2019-01-012019-12-31SC296720ns15:PoundSterling2019-01-012019-12-31SC296720ns11:Director12019-01-012019-12-31SC296720ns11:PrivateLimitedCompanyLtd2019-01-012019-12-31SC296720ns11:SmallEntities2019-01-012019-12-31SC296720ns11:AuditExempt-NoAccountantsReport2019-01-012019-12-31SC296720ns11:SmallCompaniesRegimeForDirectorsReport2019-01-012019-12-31SC296720ns11:SmallCompaniesRegimeForAccounts2019-01-012019-12-31SC296720ns11:FullAccounts2019-01-012019-12-31SC296720ns11:RegisteredOffice2019-01-012019-12-31SC296720ns6:CurrentFinancialInstruments2019-12-31SC296720ns6:CurrentFinancialInstruments2018-12-31SC296720ns6:ShareCapital2019-12-31SC296720ns6:ShareCapital2018-12-31SC296720ns6:RetainedEarningsAccumulatedLosses2019-12-31SC296720ns6:RetainedEarningsAccumulatedLosses2018-12-31SC296720ns6:LeaseholdImprovements2019-01-012019-12-31SC296720ns6:FurnitureFittings2019-01-012019-12-31SC296720ns6:ComputerEquipment2019-01-012019-12-31SC296720ns6:LeaseholdImprovements2018-12-31SC296720ns6:FurnitureFittings2018-12-31SC296720ns6:ComputerEquipment2018-12-31SC296720ns6:LeaseholdImprovements2019-12-31SC296720ns6:FurnitureFittings2019-12-31SC296720ns6:ComputerEquipment2019-12-31SC296720ns6:LeaseholdImprovements2018-12-31SC296720ns6:FurnitureFittings2018-12-31SC296720ns6:ComputerEquipment2018-12-31
REGISTERED NUMBER: SC296720 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2019

FOR

EVENTRIX SCOTLAND LIMITED
William Duncan (UK) Limited
Chartered Accountants
4d Auchingramont Road
Hamilton
ML3 6JT








EVENTRIX SCOTLAND LIMITED (REGISTERED NUMBER: SC296720)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2019










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


EVENTRIX SCOTLAND LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2019







DIRECTOR: Marlene Cunningham



REGISTERED OFFICE: 4d Auchingramont Road
Hamilton
ML3 6JT



BUSINESS ADDRESS: Gordonbank
Larkhall
ML9 1QZ



REGISTERED NUMBER: SC296720 (Scotland)



ACCOUNTANTS: William Duncan (UK) Limited
Chartered Accountants
4d Auchingramont Road
Hamilton
ML3 6JT



BANKERS: The Royal Bank of Scotland plc
10 Gordon Street
Glasgow
G1 3PL
Page 1
EVENTRIX SCOTLAND LIMITED (REGISTERED NUMBER: SC296720)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2019

31.12.19 31.12.18
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 964 1,100

CURRENT ASSETS
Debtors 5 250 250
Cash at bank 9,714 3,429
9,964 3,679
CREDITORS
Amounts falling due within one year 6 147,492 120,171
NET CURRENT LIABILITIES (137,528 ) (116,492 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
(136,564
)
(115,392
)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (136,664 ) (115,492 )
SHAREHOLDERS' FUNDS (136,564 ) (115,392 )

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 her 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 19 October 2020 and were signed by:





Marlene Cunningham - Director


The notes form part of these financial statements

Page 2
EVENTRIX SCOTLAND LIMITED (REGISTERED NUMBER: SC296720)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2019


1. STATUTORY INFORMATION

Eventrix Scotland 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Rendering of services
Turnover from the rendering of services, namely the provision of home show services, is recognised by reference
to the stage of completion of the service at the statement of financial position date.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Property improvements - 5% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

Impairment of assets
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets
have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any
affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the
carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised
immediately in the income statement.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate
of its recoverable amount, but not in excess of the amount that would have been determined had no impairment
loss been recognised for the asset in prior years. A reversal of impairment loss is recognised immediately in the
income statement.

Page 3 continued...
EVENTRIX SCOTLAND LIMITED (REGISTERED NUMBER: SC296720)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2019


2. ACCOUNTING POLICIES - continued

Financial instruments
Basic financial instruments are recognised as follows:

(i) Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured
initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective
interest method less any impairment.

(ii) Cash and cash equivalents
Cash and cash equivalents include cash at bank and in hand.

Cash and cash equivalents are shown net of bank overdrafts, which are included as current borrowings in
liabilities on the statement of financial position.

(iii) Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans,
are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost
using the effective interest method.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
statement of financial position 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.

Going concern
At the statement of financial position date, the company's liabilities exceeded its total assets by £136,564. In
order to meet its day to day working capital requirements, the company requires the continuing support of its
director and creditors.

The financial statements have been prepared on a going concern basis which assumes that the company will
continue in operational existence for the foreseeable future.

If the company was unable to continue in operational existence for the foreseeable future, adjustments would
have to be made to reduce the statement of financial position values of assets to their recoverable amounts, to
provide for further liabilities that might arise.

The director believes that it is appropriate for the financial statements to be prepared on a going concern basis.

Page 4 continued...
EVENTRIX SCOTLAND LIMITED (REGISTERED NUMBER: SC296720)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2019


2. ACCOUNTING POLICIES - continued

Provision for liabilities
The company recognises a provision for annual leave accrued by employees as a result of services rendered in
the current period, and which employees are entitled to carry forward and use within the next 12 months. The
provision is measured at the salary cost payable for the period of absence.

3. AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the year was 2 (2018 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Property and Computer
improvements fittings equipment Totals
£    £    £    £   
COST
At 1 January 2019
and 31 December 2019 2,722 2,721 3,248 8,691
DEPRECIATION
At 1 January 2019 1,632 2,717 3,242 7,591
Charge for year 136 - - 136
At 31 December 2019 1,768 2,717 3,242 7,727
NET BOOK VALUE
At 31 December 2019 954 4 6 964
At 31 December 2018 1,090 4 6 1,100

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.19 31.12.18
£    £   
Other debtors 250 250

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.19 31.12.18
£    £   
Trade creditors - 1,331
VAT 12,804 13,728
Other creditors 799 -
Director's loan 129,549 101,517
Accrued charges 4,340 3,595
147,492 120,171

7. RELATED PARTY DISCLOSURES

During the year, the company received an interest free loan from the director amounting to £129,549 (2018 -
£101,517).

Page 5