East Side Motor Co. Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC058118 (Scotland)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2021

FOR

EAST SIDE MOTOR CO. LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J Davidson

SECRETARY:

D Davidson

REGISTERED OFFICE:

Bannerman Johnstone Maclay

213 St Vincent Street

Glasgow

G2 5QY

REGISTERED NUMBER:

SC058118 (Scotland)

ACCOUNTANTS:

Bannerman Johnstone Maclay

Chartered Accountants

213 St Vincent Street

Glasgow

G2 5QY

FIXED ASSETS

Tangible assets

4

41,838

43,146

CURRENT ASSETS

Debtors

5

1,431

1,315

Cash at bank

93,994

83,554

95,425

84,869

CREDITORS

Amounts falling due within one year

6

124,709

121,771

NET CURRENT LIABILITIES

(29,284

)

(36,902

)

TOTAL ASSETS LESS CURRENT LIABILITIES

12,554

6,244

CAPITAL AND RESERVES

Called up share capital

300

300

Capital redemption reserve

100

100

Retained earnings

12,154

5,844

SHAREHOLDERS' FUNDS

12,554

6,244

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2021 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 12 May 2021 and were signed by:

J Davidson - Director

1.	STATUTORY INFORMATION

East Side Motor Co. 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.

Tangible fixed assets

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

Land and buildings

-

2% on cost

Plant and machinery etc

-

25% on reducing balance

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 February 2020

and 31 January 2021

65,375

6,908

72,283

DEPRECIATION

At 1 February 2020

22,229

6,908

29,137

Charge for year

1,308

-

1,308

At 31 January 2021

23,537

6,908

30,445

NET BOOK VALUE

At 31 January 2021

41,838

-

41,838

At 31 January 2020

43,146

-

43,146

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Other debtors

1,431

1,315

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Taxation and social security

2,915

2,875

Other creditors

121,794

118,896

124,709

121,771