Graphic Design Festival Scotland Ltd - Limited company - abbreviated - 11.9

REGISTERED NUMBER: SC477655 (Scotland)

Abbreviated Unaudited Accounts

for the Period 14 May 2014 to 31 May 2015

for

Graphic Design Festival Scotland Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Chartered Accountants' Report

4

DIRECTORS:

Ms B A Wilson

D J Gilchrist

REGISTERED OFFICE:

Albert House

308 Albert Drive

Pollokshields

Glasgow

G41 5RS

REGISTERED NUMBER:

SC477655 (Scotland)

ACCOUNTANTS:

T B Dunn & Co

308 Albert Drive

Pollokshields

GLASGOW

G41 5RS

CURRENT ASSETS

Cash at bank

3,557

CREDITORS

Amounts falling due within one year

9,461

NET CURRENT LIABILITIES

(5,904

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(5,904

)

CAPITAL AND RESERVES

Called up share capital

2

100

Profit and loss account

(6,004

)

SHAREHOLDERS' FUNDS

(5,904

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 May 2015.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 10 February 2016 and were signed on its behalf by:

D J Gilchrist - Director

Ms B A Wilson - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

During the period the company incurred a net loss on ordinary activities after taxation of £6,004 and has net

liabilities of £5,904 as at 31 May 2015.

The company is currently being supported by its directors, with a balance payable to the directors of £5,101 as at

31 May 2015. The directors have agreed to provide the company with financial support for the foreseeable

future.

On the basis of the continued financial support being provided by the directors, the accounts have been prepared

under a going concern basis.

Accounting convention

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

Turnover represents net invoiced sales of services, excluding value added tax.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date, where transactions or events that result in an obligation to pay more or a right to pay less tax in the

future have occurred by the balance sheet date with certain limited exceptions.

Deferred tax is calculated on an undiscounted basis at the tax rates that are expected to apply in the periods in

which the timing differences are expected to reverse, based on tax rates and laws enacted or substantively

enacted at the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£1

100

100 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to three)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Graphic Design Festival Scotland Ltd for the period ended 31 May 2015 which comprise the

Profit and Loss Account, the Balance Sheet, and the related notes from the company's accounting records and from

information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants of Scotland, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.org.uk/accountspreparationguidance.

This report is made solely to the Board of Directors of Graphic Design Festival Scotland Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Graphic Design Festival Scotland Ltd and state those matters that we have agreed to state to the Board of Directors of Graphic Design Festival Scotland Ltd, as a body, in this report in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at http://www.icas.org.uk/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Graphic Design Festival Scotland Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Graphic Design Festival Scotland Ltd. You consider that Graphic Design Festival Scotland Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Graphic Design Festival

Scotland Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or

information and explanations you have given to us and we do not, therefore, express any opinion on the statutory

financial statements.

T B Dunn & Co

308 Albert Drive

Pollokshields

GLASGOW

G41 5RS

10 February 2016