Electric Scribe 2000 Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC214214 (Scotland)

Financial Statements for the Year Ended 31 December 2020

for

Electric Scribe 2000 Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A Barclay

SECRETARY:

REGISTERED OFFICE:

19 Bon Accord Crescent

Aberdeen

AB11 6DE

REGISTERED NUMBER:

SC214214 (Scotland)

ACCOUNTANTS:

A J Croll & Company

19 Bon Accord Crescent

Aberdeen

Aberdeenshire

AB11 6DE

FIXED ASSETS

Tangible assets

4

20,943

25,867

Investments

5

6,326

-

27,269

25,867

CURRENT ASSETS

Cash at bank

16,122

7,180

CREDITORS

Amounts falling due within one year

6

34,000

39,705

NET CURRENT LIABILITIES

(17,878

)

(32,525

)

TOTAL ASSETS LESS CURRENT LIABILITIES

9,391

(6,658

)

PROVISIONS FOR LIABILITIES

3,059

2,499

NET ASSETS/(LIABILITIES)

6,332

(9,157

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

6,232

(9,257

)

SHAREHOLDERS' FUNDS

6,332

(9,157

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 15 September 2021 and were signed by:

A Barclay - Director

1.	STATUTORY INFORMATION

Electric Scribe 2000 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Improvements to property

-

10% on cost

Plant and machinery

-

10% on cost

Fixtures and fittings

-

20% on cost

Computer equipment

-

20% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2019 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 January 2020

and 31 December 2020

15,120

34,291

1,370

12,494

63,275

DEPRECIATION

At 1 January 2020

7,561

15,983

1,370

12,494

37,408

Charge for year

1,513

3,411

-

-

4,924

At 31 December 2020

9,074

19,394

1,370

12,494

42,332

NET BOOK VALUE

At 31 December 2020

6,046

14,897

-

-

20,943

At 31 December 2019

7,559

18,308

-

-

25,867

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2020

29,984

Additions

6,326

At 31 December 2020

36,310

PROVISIONS

At 1 January 2020

and 31 December 2020

29,984

NET BOOK VALUE

At 31 December 2020

6,326

At 31 December 2019

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.20

31.12.19

£

£

Taxation and social security

30,291

23,007

Other creditors

3,709

16,698

34,000

39,705

7.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A Barclay.