SCOTRAV LTD. Accounts filed on 31-12-2013
SCOTRAV LTD. Accounts filed on 31-12-2013
SCOTRAV LTD.
Company Registration Number:
SC438417 (Scotland)
Abbreviated (Unaudited) Accounts
Period of accounts
Start date: 07th December 2012
End date: 31st December 2013
SUBMITTED
SCOTRAV LTD.
Company Information
for the Period Ended
31st December 2013
Director: |
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Company secretary: |
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Registered office: |
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West Lothian | ||
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Company Registration Number: |
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SCOTRAV LTD.
Abbreviated Balance sheet
As at 31st December 2013
Notes | 2013 £ |
£ |
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---|---|---|---|
Current assets | |||
Debtors: |
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- | |
Cash at bank and in hand: |
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- | |
Total current assets: |
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- | |
Creditors | |||
Creditors: amounts falling due within one year |
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- | |
Net current assets (liabilities): | ( |
- | |
Total assets less current liabilities: | ( |
- | |
Total net assets (liabilities): | ( |
- |
The notes form part of these financial statements
SCOTRAV LTD.
Abbreviated Balance sheet
As at 31st December 2013
continued
Notes | 2013 £ |
£ |
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Capital and reserves | |||
Called up share capital: | 2 |
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- |
Profit and Loss account: | ( |
- | |
Total shareholders funds: | ( |
- |
The financial statements were approved by the Board of Directors on
SIGNED ON BEHALF OF THE BOARD BY:
Name: MRS SIMONE GUPTA
Status: Director
The notes form part of these financial statements
SCOTRAV LTD.
Notes to the Abbreviated Accounts
for the Period Ended
31st December 2013
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1. Accounting policies
Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008) Turnover policy
The turnover shown in the profit and loss account represents revenue earned during the period, exclusive of VAT Tangible fixed assets depreciation policy
Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life. Freehold buildings – 2% on cost or revalued amounts Plant and machinery – 18% on cost Fixtures and fittings – 18% on cost Motor vehicles – 18% on cost No depreciation is provided on freehold land Intangible fixed assets amortisation policy
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives, not to exceed twenty years. Impairment of intangible assets is only reviewed where circumstance indicate that the carrying value of an asset may not be fully recoverable. Valuation information and policy
Stocks Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. Fixed Asset Investments Fixed Asset Investments are stated in the balance sheet at cost less any provision made for impairment in value. Such investments are classified as current assets when regarded as available for sale. Other accounting policies
Deferred taxation Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Hire purchase and leasing commitments Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability. Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease. Research and Development Expenditure on research and development is written off in the year in which it is incurred.