Tayside Structural Detailing Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC271473 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 August 2020

for

Tayside Structural Detailing Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

C Bloor

SECRETARY:

Mrs L A Bloor

REGISTERED OFFICE:

61 Carlogie Road

Carnoustie

DD7 6EX

REGISTERED NUMBER:

SC271473 (Scotland)

ACCOUNTANTS:

MMG Archbold Ltd

Chartered Accountants

182 High Street

Montrose

ANGUS

DD10 8PH

BANKERS:

Lloyds TSB

Dundee Business & Commercial

PO Box 29

Meadowside

Dundee

DD1 9ZG

FIXED ASSETS

Tangible assets

4

1,299

860

CURRENT ASSETS

Debtors

5

16,375

19,590

Cash at bank

161,803

155,731

178,178

175,321

CREDITORS

Amounts falling due within one year

6

33,792

77,239

NET CURRENT ASSETS

144,386

98,082

TOTAL ASSETS LESS CURRENT LIABILITIES

145,685

98,942

CREDITORS

Amounts falling due after more than one year

7

(25,000

)

-

PROVISIONS FOR LIABILITIES

(246

)

(164

)

NET ASSETS

120,439

98,778

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

9

120,437

98,776

SHAREHOLDERS' FUNDS

120,439

98,778

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2020 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 24 March 2021 and were signed by:

C Bloor - Director

1.	STATUTORY INFORMATION

Tayside Structural Detailing 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.

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.

The director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus he continues to adopt the going concern basis of accounting in preparing the annual financial statements.

Turnover

Turnover and profit on ordinary activities before taxation are attributable to design/draughting.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Equipment

-

25% on reducing balance

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Contracts for services

Where the substance of a contract is that the contractual obligations are performed gradually over time, revenue is recognised as contract activity progresses to reflect the partial performance of our contractual obligations. The amount of revenue included reflects the accrual of the right to consideration as contract activity progresses by reference to value of the work performed.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

Equipment

Totals

£

£

£

COST

At 1 September 2019

688

8,000

8,688

Additions

-

804

804

At 31 August 2020

688

8,804

9,492

DEPRECIATION

At 1 September 2019

676

7,152

7,828

Charge for year

3

362

365

At 31 August 2020

679

7,514

8,193

NET BOOK VALUE

At 31 August 2020

9

1,290

1,299

At 31 August 2019

12

848

860

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

16,212

19,590

Director's current account

163

-

16,375

19,590

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Corporation tax

17,139

17,871

PAYE

-

181

VAT

15,934

13,403

Other creditors

719

-

Director's current account

-

44,620

Accruals

-

1,164

33,792

77,239

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2020

2019

£

£

Other loans - 1-2 years

25,000

-

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2020

2019

value:

£

£

2

Ordinary

£1

2

2

9.

RESERVES

Retained

earnings

£

At 1 September 2019

98,776

Profit for the year

71,994

Dividends

(50,333

)

At 31 August 2020

120,437

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2020 and 31 August 2019:

2020

2019

£

£

C Bloor

Balance outstanding at start of year

(44,620

)

(88

)

Amounts advanced

45,086

3,701

Amounts repaid

(303

)

(48,233

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

163

(44,620

)

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr & Mrs Bloor.