Clydeseye Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC388942 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2021

FOR

CLYDESEYE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Clyde William Wallbanks

Gemma Louise Wallbanks

SECRETARY:

Gemma Louise Wallbanks

REGISTERED OFFICE:

8 Symington Road South

Symington

Kilmarnock

Ayrshire

KA1 5PY

REGISTERED NUMBER:

SC388942 (Scotland)

ACCOUNTANTS:

Stewart Gilmour & Co.,

Chartered Accountants

24 Beresford Terrace

Ayr

KA7 2EG

BANKERS:

HSBC UK plc

2 Buchanan Street

Glasgow

G1 3LB

FIXED ASSETS

Tangible assets

4

2,065

2,754

CURRENT ASSETS

Debtors

5

-

2,646

Cash at bank

2,124

5,506

2,124

8,152

CREDITORS

Amounts falling due within one year

6

1,256

7,269

NET CURRENT ASSETS

868

883

TOTAL ASSETS LESS CURRENT LIABILITIES

2,933

3,637

PROVISIONS FOR LIABILITIES

7

392

523

NET ASSETS

2,541

3,114

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

2,441

3,014

SHAREHOLDERS' FUNDS

2,541

3,114

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 31 January 2022 and were signed on its behalf by:

Gemma Louise Wallbanks - Director

1.	STATUTORY INFORMATION

Clydeseye 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.

Fixtures & equipment

-

20% on cost

Government grants

Government grants received in respect of expenditure charged to the profit and loss account during the year have been included in profit and loss.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

& equipment

£

COST

At 1 May 2020

and 30 April 2021

11,346

DEPRECIATION

At 1 May 2020

8,592

Charge for year

689

At 30 April 2021

9,281

NET BOOK VALUE

At 30 April 2021

2,065

At 30 April 2020

2,754

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

-

2,646

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Taxation and social security

-

4,053

Other creditors

1,256

3,216

1,256

7,269

7.	PROVISIONS FOR LIABILITIES

2021

2020

£

£

Deferred tax

392

523

Deferred

tax

£

Balance at 1 May 2020

523

Credit to Income Statement during year

(131

)

Balance at 30 April 2021

392

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

75

Ordinary

£1

75

75

25

Ordinary 'A'

£1

25

25

100

100

9.

RESERVES

Retained

earnings

£

At 1 May 2020

3,014

Deficit for the year

(573

)

At 30 April 2021

2,441

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Clyde William Wallbanks.