Stop_Whisky_Fungus_Now_Li - Accounts

STOP WHISKY FUNGUS NOW LTD - Company Information

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Company Registration No. SC431656 (Scotland)

Stop Whisky Fungus Now Limited

Abbreviated financial statements

for the year ended 30 September 2015

Stop Whisky Fungus Now Limited

Contents

Page

Abbreviated balance sheet

Notes to the abbreviated financial statements

Stop Whisky Fungus Now Limited

Abbreviated balance sheet

as at 30 September 2015

- 1 -

2015

2014

Notes

Current assets

Creditors: amounts falling due within one year

(90,940)

(89,245)

Total assets less current liabilities

(90,940)

(89,245)

Capital and reserves

Called up share capital

Profit and loss account

(90,970)

(89,275)

Shareholders' funds

(90,940)

(89,245)

For the financial year ended 30 September 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 25 July 2016

E J Motion

Director

Company Registration No. SC431656

Stop Whisky Fungus Now Limited

Notes to the abbreviated financial statements

for the year ended 30 September 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Going concern

The company requires the support of its shareholders to continue in operation. With this support, the company can meet its obligations as they fall due for the foreseeable future. On this basis, the directors consider it appropriate to prepare the financial statements on a going concern basis.

1.2

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

1.3

Taxation

Deferred tax is provided in respect of the tax effect of all timing differences that have originated but not reversed at the balance sheet date.

A deferred tax asset is regarded as recoverable and therefore recognised only when, on the basis of all available evidence, it can be regarded as more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

Deferred tax is measured on a non-discounted basis, at the average 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 that have been enacted or substantively enacted by the balance sheet date.

Share capital

2015

2014

Allotted, called up and fully paid

10 'A' ordinary shares of £1 each

10 'B' ordinary shares of £1 each

10 'C' ordinary shares of £1 each

The different share classes rank pari passu in all respects.