Schumi Limited - Dormant company accounts 11.9

REGISTERED NUMBER: SC285650 (Scotland)

SCHUMI LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2015

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

4

DIRECTOR:

Michele Pagliocca

SECRETARY:

Josephine Pagliocca

REGISTERED OFFICE:

151 Bath Street

Glasgow

G2 4SQ

REGISTERED NUMBER:

SC285650 (Scotland)

ACCOUNTANTS:

Milne Craig

Chartered Accountants

Abercorn House

79 Renfrew Road

Paisley

Renfrewshire

PA3 4DA

SOLICITORS:

Biggart Baillie

Dalmore House

310 St Vincent Street

Glasgow

G2 5QR

CURRENT ASSETS

Cash in hand

2

TOTAL ASSETS LESS CURRENT
LIABILITIES

2

CAPITAL AND RESERVES

Called up share capital

2

SHAREHOLDERS' FUNDS

2

The company is entitled to exemption from audit under Section 480 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

These financial statements 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 director on 18 May 2016 and were signed by:

Michele Pagliocca - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

2

Ordinary

£1

2

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

unaudited financial statements, from which these unaudited financial statements (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 Schumi Limited for the year ended 31 December 2015 which comprise the Income Statement,

Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement 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 director of Schumi Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Schumi Limited and state those matters that we have agreed to state to the director of Schumi Limited 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 director for our work or for this report.

It is your duty to ensure that Schumi Limited 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 profit of Schumi Limited. You consider that Schumi Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Schumi Limited. 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.