Clan Irving Limited - Filleted accounts

Clan Irving Limited - Filleted accounts

CLAN IRVING LIMITED - Company Information

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Registered number
SC424945
Clan Irving Limited
Filleted Accounts
31 March 2021
Clan Irving Limited Registered number
Balance Sheet SC424945
as at 31 March 2021
Notes 2021 2020
£ £
Current assets
Stocks 1,268 -
Debtors 4 - 88
Cash at bank and in hand 545 335
1,813 423
Creditors: amounts falling due within one year 5 (7,108) (10,063)
Net current liabilities (5,295) (9,640)
Net liabilities (5,295) (9,640)
Capital and reserves
Called up share capital 100 100
Profit and loss account (5,395) (9,740)
Shareholders' funds (5,295) (9,640)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
R Irving
Director
Approved by the board on 24 June 2022
Clan Irving Limited
Notes to the Accounts
for the year ended 31 March 2021
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland, as applied to small entities by section 1A of the standard.
Going concern basis
The accounts have been prepared on the going concern basis. The director believes this basis to be appropriate since, although the company had net liabilities at the balance sheet date, it is assumed that the company's director and creditors will continue to provide such financial support to the company as is necessary for it to continue operating.
Turnover
Turnover represents fees receivable, net of value added tax.
Goodwill and amortisation
Purchased goodwill has been capitalised and amortised over its estimated useful life at the rate of 20% p.a. on the straight line basis. Goodwill has now been fully amortised.
2 Employees 2021 2020
Number Number
Average number of employees and company officers 1 1
3 Intangible fixed assets
Goodwill
£
Cost
At 1 April 2020 5,000
At 31 March 2021 5,000
Amortisation
At 1 April 2020 5,000
At 31 March 2021 5,000
Net book value
At 31 March 2021 and 31 March 2020 -
4 Debtors 2021 2020
£ £
Other debtors - 88
5 Creditors: amounts falling due within one year 2021 2020
£ £
Other taxes 200 -
Other creditors 6,908 10,063
7,108 10,063
6 Controlling party
At 31 March 2021 the company was controlled by the director, Mr R Irving, who held a controlling interest in the company's issued share capital.
7 Other information
Clan Irving Limited is a private company limited by shares and incorporated in Scotland. Its registered office is Summit House, 4-5 Mitchell Street, Edinburgh EH6 7BD.
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