Company Registration No. SC295744 (Scotland)
Fast Lane Roadmarkings Ltd
Unaudited accounts
for the year ended 31 March 2021
Fast Lane Roadmarkings Ltd
Unaudited accounts
Contents
Fast Lane Roadmarkings Ltd
Company Information
for the year ended 31 March 2021
Company Number
SC295744 (Scotland)
Registered Office
162 Woodhall Road
Colinton
Edinburgh
EH13 0PJ
Accountants
Rosebery Accountants & Business Advisors
23 Melville Street
Edinburgh
EH3 7PE
Fast Lane Roadmarkings Ltd
Statement of financial position
as at 31 March 2021
Tangible assets
20,703
22,135
Cash at bank and in hand
143,599
83,792
Creditors: amounts falling due within one year
(210,972)
(152,316)
Net current assets
109,132
63,859
Called up share capital
100
100
Profit and loss account
129,735
85,894
Shareholders' funds
129,835
85,994
For the year ending 31 March 2021 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 29 June 2021 and were signed on its behalf by
Alex Craig
Director
Company Registration No. SC295744
Fast Lane Roadmarkings Ltd
Notes to the Accounts
for the year ended 31 March 2021
Fast Lane Roadmarkings Ltd is a private company, limited by shares, registered in Scotland, registration number SC295744. The registered office is 162 Woodhall Road, Colinton, Edinburgh, EH13 0PJ.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2020
54,695
88,708
143,403
Additions
1,644
6,850
8,494
Disposals
(12,750)
-
(12,750)
At 31 March 2021
43,589
95,558
139,147
At 1 April 2020
47,134
74,134
121,268
Charge for the year
1,545
5,356
6,901
On disposals
(9,725)
-
(9,725)
At 31 March 2021
38,954
79,490
118,444
At 31 March 2021
4,635
16,068
20,703
At 31 March 2020
7,561
14,574
22,135
Fast Lane Roadmarkings Ltd
Notes to the Accounts
for the year ended 31 March 2021
5
Debtors: amounts falling due within one year
2021
2020
Trade debtors
175,096
131,804
Accrued income and prepayments
1,409
-
6
Creditors: amounts falling due within one year
2021
2020
Taxes and social security
24,084
72,379
Proposed dividends
9,400
-
7
Average number of employees
During the year the average number of employees was 2 (2020: 2).
