AMKD Scotland Limited Filleted accounts for Companies House (small and micro)

AMKD SCOTLAND LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: SC626725

AMKD Scotland Limited

Filleted Unaudited Financial Statements

30 April 2021

AMKD Scotland Limited

Statement of Financial Position

30 April 2021

	2021		2020
Note	£	£	£

Fixed assets

Tangible assets	5		10,070	–

Current assets

Debtors	6	13,732	1
Cash at bank and in hand		60,298	–
		--------	----
		74,030	1

Creditors: amounts falling due within one year	7	75,317		–
		--------		----
Net current (liabilities)/assets			( 1,287)	1
			--------	----
Total assets less current liabilities			8,783	1
			-------	----
Net assets			8,783	1
			-------	----

Capital and reserves

Called up share capital	1	1
Profit and loss account	8,782	–
	-------	----
Shareholders funds	8,783	1
	-------	----

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 30 April 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 28 April 2022 , and are signed on behalf of the board by:

Mr A Douglas
Director

Company registration number: SC626725

AMKD Scotland Limited

Notes to the Financial Statements

Year ended 30 April 2021

1. General information

The company is a private company limited by shares, registered in Scotland. The address of the registered office is 216 West George Street, Glasgow, G2 2PQ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change of value.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Motor vehicles	-	20% reducing balance

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2020: Nil).

5. Tangible assets

	Motor vehicles
	£
Cost
At 1 May 2020	–
Additions	11,400
	--------
At 30 April 2021	11,400
	--------
Depreciation
At 1 May 2020	–
Charge for the year	1,330
	--------
At 30 April 2021	1,330
	--------
Carrying amount
At 30 April 2021	10,070
	--------
At 30 April 2020	–
	--------

6. Debtors

	2021	2020
	£	£
Trade debtors	13,732	–
Other debtors	–	1
	--------	----
	13,732	1
	--------	----

7. Creditors: amounts falling due within one year

	2021	2020
	£	£
Social security and other taxes	665	–
Other creditors	74,652	–
	--------	----
	75,317	–
	--------	----

8. Director's advances, credits and guarantees

As at 30th April 2021 the balance due from the company to Alexander Douglas, director, was £65,162. This loan is interest free and has no fixed date for repayment.

9. Controlling party

The company was under the control of Alexander Douglas throughout the current and previous year. Alexander Douglas is the managing director and majority shareholder.