1178 Edin Ltd. - Abbreviated accounts 16.3

1178 Edin Ltd. - Abbreviated accounts 16.3

1178 EDIN LTD. - Company Information

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REGISTERED NUMBER: SC263469 (Scotland)











































ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 28 FEBRUARY 2016

FOR

1178 EDIN LTD.

1178 EDIN LTD. (REGISTERED NUMBER: SC263469)






CONTENTS OF THE ABBREVIATED ACCOUNTS
for the Year Ended 28 February 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

1178 EDIN LTD.

COMPANY INFORMATION
for the Year Ended 28 February 2016







DIRECTORS: D S Gray
Mrs C Gray





REGISTERED OFFICE: 20/22 Torphichen Street
Edinburgh
EH3 8JB





REGISTERED NUMBER: SC263469 (Scotland)





ACCOUNTANTS: Acumen Accountants and Advisors Limited
20/22 Torphichen Street
Edinburgh
EH3 8JB
Page 1
1178 EDIN LTD. (REGISTERED NUMBER: SC263469)

ABBREVIATED BALANCE SHEET
28 February 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 20,000 20,000
Tangible assets 3 682 46
Investments 4 4,226 4,226
24,908 24,272

CURRENT ASSETS
Cash at bank 3,941 2,660

CREDITORS
Amounts falling due within one year 3,960 1,509
NET CURRENT (LIABILITIES)/ASSETS (19 ) 1,151
TOTAL ASSETS LESS CURRENT
LIABILITIES
24,889
25,423

CAPITAL AND RESERVES
Called up share capital 5 100 100
Revaluation reserve 5,000 5,000
Profit and loss account 19,789 20,323
SHAREHOLDERS' FUNDS 24,889 25,423

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 20 October 2016 and were signed on its behalf by:





D S Gray - Director


The notes form part of these abbreviated accounts

Page 2
1178 EDIN LTD. (REGISTERED NUMBER: SC263469)

NOTES TO THE ABBREVIATED ACCOUNTS
for the Year Ended 28 February 2016

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The directors confirm that it is appropriate for the financial statements to have been drawn up on the going concern basis. In
reaching this conclusion the directors have taken into account all relevant matters of which they are aware and have
considered a future period of at least twelve months from the date on which the financial statements were approved.

Should the company be unable to continue trading, adjustments would have to be made to reduce the value of the assets to
their recoverable amount to reclassify fixed assets as current assets and to provide for any liabilities which may arise.

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 goods, excluding value added tax.

Intangible assets
No Amortisation is charged on the Intangible Assets held by the Company.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc - 25% on cost

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different
from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences
which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply
when the timing differences reverse, based on current tax rates and laws.

Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment
to sell the asset.

Deferred tax assets and liabilities are not discounted.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 March 2015
and 28 February 2016 20,000
NET BOOK VALUE

At 28 February 2016 20,000
At 28 February 2015 20,000

Page 3 continued...
1178 EDIN LTD. (REGISTERED NUMBER: SC263469)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
for the Year Ended 28 February 2016

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 March 2015 31,053
Additions 910
At 28 February 2016 31,963
DEPRECIATION
At 1 March 2015 31,007
Charge for year 274
At 28 February 2016 31,281
NET BOOK VALUE
At 28 February 2016 682
At 28 February 2015 46

4. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST
At 1 March 2015
and 28 February 2016 4,226
NET BOOK VALUE
At 28 February 2016 4,226
At 28 February 2015 4,226

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
100 Ordinary £1 100 100

Page 4