Erskine Logie Cloud Ltd - Abbreviated accounts 16.3

Erskine Logie Cloud Ltd - Abbreviated accounts 16.3

ERSKINE LOGIE CLOUD LIMITED - Company Information

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REGISTERED NUMBER: SC482566 (Scotland)













ERSKINE LOGIE CLOUD LTD

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2016













ERSKINE LOGIE CLOUD LTD (REGISTERED NUMBER: SC482566)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2016










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

Chartered Accountants' Report 5

ERSKINE LOGIE CLOUD LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2016







DIRECTORS: K L Inch
R A E Stuart
Mrs E V M Inch
R J D Adie





REGISTERED OFFICE: C/O Hardie Caldwell LLP
Citypoint 2
25 Tyndrum Street
Glasgow
G4 0JY





REGISTERED NUMBER: SC482566 (Scotland)





ACCOUNTANTS: Hardie Caldwell LLP
Chartered Accountants
Citypoint 2
25 Tyndrum Street
Glasgow
G4 0JY
Page 1
ERSKINE LOGIE CLOUD LTD (REGISTERED NUMBER: SC482566)

ABBREVIATED BALANCE SHEET
31 JULY 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 3,620 3,823

CURRENT ASSETS
Debtors 83,429 45,798
Cash at bank - 16,285
83,429 62,083
CREDITORS
Amounts falling due within one year 304,790 145,630
NET CURRENT LIABILITIES (221,361 ) (83,547 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
(217,741
)
(79,724
)

CAPITAL AND RESERVES
Called up share capital 3 300 200
Profit and loss account (218,041 ) (79,924 )
SHAREHOLDERS' FUNDS (217,741 ) (79,724 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 26 April 2017 and were signed on its behalf by:




R A E Stuart - Director



K L Inch - Director


The notes form part of these abbreviated accounts

Page 2
ERSKINE LOGIE CLOUD LTD (REGISTERED NUMBER: SC482566)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2016


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 goods, excluding value added tax.

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

Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in operation
existence for the foreseeable future. For long term finance they rely on the loans provided by the directors,
disclosed in Note 9. In assessing going concern they have assumed that these loans will not be repaid for the
foreseeable future and, on that basis, they continue to adopt the going concern basis of accounting in preparing
the annual financial statements.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 August 2015 4,369
Additions 934
At 31 July 2016 5,303
DEPRECIATION
At 1 August 2015 546
Charge for year 1,137
At 31 July 2016 1,683
NET BOOK VALUE
At 31 July 2016 3,620
At 31 July 2015 3,823

Page 3 continued...
ERSKINE LOGIE CLOUD LTD (REGISTERED NUMBER: SC482566)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 JULY 2016


3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £ £
Ordinary 'A' £1 69 48
Ordinary 'B' £1 66 47
Ordinary 'C' £1 90 64
Ordinary 'D' £1 45 31
Ordinary 'E' £1 30 10
300 200

The following shares were issued during the year:

21 Ordinary 'A' shares of £1 each.
19 Ordinary 'B' shares of £1 each.
26 Ordinary 'C' shares of £1 each.
14 Ordinary 'D' shares of £1 each.
20 Ordinary 'E' shares of £1 each.

Page 4
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
ERSKINE LOGIE CLOUD LTD


The following reproduces the text of the report prepared for the directors in respect of the company's annual
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to four)
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 Erskine Logie Cloud Ltd for the year ended 31 July 2016 which comprise the Profit and Loss
Account, the Balance Sheet, 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 Board of Directors of Erskine Logie Cloud Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Erskine Logie Cloud Ltd and state those matters that we have agreed to state to the Board of Directors of Erskine Logie Cloud Ltd, as a body, 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 Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Erskine Logie Cloud Ltd 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 loss of Erskine Logie Cloud Ltd. You consider that Erskine Logie Cloud Ltd 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 Erskine Logie Cloud Ltd. 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.






Hardie Caldwell LLP
Chartered Accountants
Citypoint 2
25 Tyndrum Street
Glasgow
G4 0JY


26 April 2017

This page does not form part of the abbreviated accounts

Page 5