Young Programme Events Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: SC445624 (Scotland)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

Young Programme Events Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Ms F C MacDonald

A T Mcintyre

Ms I I Mcleod

Ms B Millar

K A Roy

SECRETARY:

Ms F C MacDonald

REGISTERED OFFICE:

217 Liberator House

Glasgow Prestwick Airport

Prestwick

South Ayrshire

KA9 2PT

REGISTERED NUMBER:

SC445624 (Scotland)

ACCOUNTANTS:

Mackay & Co

Chartered Accountants

Main Street

Golspie

Sutherland

KW10 6RH

CURRENT ASSETS

Debtors

-

1,000

Cash at bank

4,081

4,548

4,081

5,548

CREDITORS

Amounts falling due within one year

3,867

5,267

NET CURRENT ASSETS

214

281

TOTAL ASSETS LESS CURRENT
LIABILITIES

214

281

CAPITAL AND RESERVES

Called up share capital

2

Profit and loss account

212

279

SHAREHOLDERS' FUNDS

214

281

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 24 November 2016 and were
signed on its behalf by:

Ms F C MacDonald - Director

1.	ACCOUNTING POLICIES

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 January

2015).

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.

2.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

2

Share capital 1

1

2

3.	TRANSACTIONS WITH DIRECTORS

During the period, consultancy fees of £10248 (2015 - £6743) were paid to K A Roy,

director, £17250 (2015 - £27794) to F C MacDonald, director and £1300 (2015 - £300) to I I

McLeod, director. Freelance fees were also paid to B Millar of £475 (2015 - £475).

4.	RELATED PARTY DISCLOSURES

K A Roy, F C MacDonald, I I McLeod, K M Grant (resigned 21 March 2016), B Millar and A T

Mcintyre (appointed 3 March 2016) are directors of The Young Programme Ltd which is a

Scottish Charity.

Short term loans were made by the Young Programme Ltd to Young Programme Events Ltd

to enable it to commence trading. These were repaid during the year.

Charitable donations of £11502 (2015 - £100) were made to The Young Programme Ltd

during the year.