Company Registration No. SC156261 (Scotland)
FMG Recycling Limited
Financial Statements
for the year ended 31 March 2020
FMG Recycling Limited
Financial Statements
Contents
FMG Recycling Limited
Company Information
for the year ended 31 March 2020
Company Number
SC156261 (Scotland)
Registered Office
110A Maxwell Avenue
Bearsden
Glasgow
G61 1HU
Accountants
The Glasgow Tax & Accountancy Centre
110A Maxwell Ave
Bearsden
Glasgow
G61 1LD
FMG Recycling Limited
Statement of financial position
as at 31 March 2020
Cash at bank and in hand
4,090
283
Creditors: amounts falling due within one year
(5,422)
3,678
Net current assets
2,023
8,215
Called up share capital
100
100
Profit and loss account
1,923
8,115
Shareholders' funds
2,023
8,215
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 17 March 2021 and were signed on its behalf by
Frank McGlinn
Director
Company Registration No. SC156261
FMG Recycling Limited
Notes to the Accounts
for the year ended 31 March 2020
FMG Recycling Limited is a private company, limited by shares, registered in Scotland, registration number SC156261. The registered office is 110A Maxwell Avenue, Bearsden, Glasgow, G61 1HU.
2
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.
5
Creditors: amounts falling due within one year
2020
2019
Taxes and social security
231
231
Loans from directors
1,091
(3,909)
6
Average number of employees
During the year the average number of employees was 1 (2019: 1).
