United Employment Lawyers (Scotland) Limited - Period Ending 2016-04-30

Registration number: SC444004

United Employment Lawyers (Scotland) Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 April 2016
 

Beyond The Numbers Limited
Chartered Accountants
42 Charlotte Square
Edinburgh
EH2 4HQ

United Employment Lawyers (Scotland) Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
United Employment Lawyers (Scotland) Limited
for the Year Ended 30 April 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of United Employment Lawyers (Scotland) Limited for the year ended 30 April 2016 set out on pages from the company's accounting records and from information and explanations you have given us.

We have carried out this engagment in accordance with best practice guidance issued by the Institute of Chartered Accountants of Scotland and have complied with its ethical and other professional requirements..

This report is made solely to the Board of Directors of United Employment Lawyers (Scotland) Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of United Employment Lawyers (Scotland) Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the Companies Act 2006.. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than United Employment Lawyers (Scotland) Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that United Employment Lawyers (Scotland) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of United Employment Lawyers (Scotland) Limited. You consider that United Employment Lawyers (Scotland) 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 accounts of United Employment Lawyers (Scotland) 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 accounts.

......................................

Beyond The Numbers Limited
Chartered Accountants
42 Charlotte Square
Edinburgh
EH2 4HQ

25 January 2017

Page 1

United Employment Lawyers (Scotland) Limited
(Registration number: SC444004)
Abbreviated Balance Sheet at 30 April 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					7,073			11,464
Current assets
Debtors					86,459			51,336
Cash at bank and in hand					97			360
					86,556			51,696
Creditors: Amounts falling due within one year					(97,901)			(85,635)
Net current liabilities					(11,345)			(33,939)
Total assets less current liabilities					(4,272)			(22,475)
Creditors: Amounts falling due after more than one year					(104,993)			(144,993)
Net liabilities					(109,265)			(167,468)
Capital and reserves
Called up share capital		3			12			10
Share premium account					74,498			14,999
Profit and loss account					(183,775)			(182,477)
Shareholders' deficit					(109,265)			(167,468)

For the year ending 30 April 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 25 January 2017 and signed on its behalf by:

.........................................
Malcolm Mackay
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

United Employment Lawyers (Scotland) Limited
Notes to the Abbreviated Accounts for the Year Ended 30 April 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Going concern

The financial statements have been prepared on a going concern basis. The company has negative net assets of £109,097 at the year end. This has come about due to the set up and development of the company. The small number of creditors who have provided finance to get the company up and running have agreed to continue to support the business as it grows into profitability. As such the directors of the company have prepared the accounts on a going concern basis.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office Equipment	Straight line 33.33%
Website	Straight line 33.33%

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 3

United Employment Lawyers (Scotland) Limited
Notes to the Abbreviated Accounts for the Year Ended 30 April 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 May 2015		14,650			14,650
Additions		107			107
At 30 April 2016		14,757			14,757
Depreciation
At 1 May 2015		3,186			3,186
Charge for the year		4,498			4,498
At 30 April 2016		7,684			7,684
Net book value
At 30 April 2016		7,073			7,073
At 30 April 2015		11,464			11,464

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary of £0.00 each		2,380			-			10,000			-

New shares allotted

During the year 2,380 ordinary shares having an aggregate nominal value of £2 were allotted for an aggregate consideration of £59,500.

4

Control

The company is controlled by any one individual.

Page 4