Top Scot Promotions Limited - Abbreviated accounts 16.3
Top Scot Promotions Limited - Abbreviated accounts 16.3
REGISTERED NUMBER: |
Abbreviated Accounts for the Period 1 March 2015 to 31 August 2016 |
for |
Top Scot Promotions Limited |
Top Scot Promotions Limited (Registered number: SC182637) |
Contents of the Abbreviated Accounts |
for the Period 1 March 2015 to 31 August 2016 |
Page |
Company Information | 1 |
Abbreviated Balance Sheet | 2 |
Notes to the Abbreviated Accounts | 4 |
Chartered Accountants' Report | 6 |
Top Scot Promotions Limited |
Company Information |
for the Period 1 March 2015 to 31 August 2016 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Top Scot Promotions Limited (Registered number: SC182637) |
Abbreviated Balance Sheet |
31 August 2016 |
31.8.16 | 28.2.15 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 3 |
Profit and loss account | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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. |
Top Scot Promotions Limited (Registered number: SC182637) |
Abbreviated Balance Sheet - continued |
31 August 2016 |
The financial statements were approved by the Board of Directors on |
Top Scot Promotions Limited (Registered number: SC182637) |
Notes to the Abbreviated Accounts |
for the Period 1 March 2015 to 31 August 2016 |
1. | ACCOUNTING POLICIES |
Going concern |
During the period the company made a loss of £163,706 (2015 - £78,934) and has a balance sheet deficit at the |
period end of £304,484 ( 2015 - £140,778). However the going concern basis of preparation is appropriate as the |
directors, Mr & Mrs Johnston, continue to support the business and have significant directors' loan balances |
advanced to the company of £628,947 at the period end. |
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 |
Plant and machinery etc | - |
2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 March 2015 |
Additions |
Disposals | ( |
) |
At 31 August 2016 |
DEPRECIATION |
At 1 March 2015 |
Charge for period |
Eliminated on disposal | ( |
) |
At 31 August 2016 |
NET BOOK VALUE |
At 31 August 2016 |
At 28 February 2015 |
3. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.8.16 | 28.2.15 |
value: | £ | £ |
Ordinary shares | £1 |
Ordinary A | £1 |
Ordinary B | £1 |
Top Scot Promotions Limited (Registered number: SC182637) |
Notes to the Abbreviated Accounts - continued |
for the Period 1 March 2015 to 31 August 2016 |
4. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
During the period Mrs MD Johnston introduced capital of £15,000 (2015 - £70,000) and the total due at 31 |
August 2016 was £306,000 (2015 - £291,000). |
Mr JN Johnston also introduced capital of £40,000 (2015 - £80,000 ) during the period and had drawings of NIL |
(2015 - £18,099). The total due to him at 31 August 2016 was £322,947 (2015 - £282,947). |
These loans are interest free and there are no repayment terms. |
Chartered Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
Top Scot Promotions Limited |
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 five) |
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 Top Scot Promotions Limited for the period ended 31 August 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 Top Scot Promotions Limited, 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 Top Scot Promotions Limited and state those matters that we have agreed to state to the Board of Directors of Top Scot Promotions Limited, 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 Top Scot Promotions Limited 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 Top Scot Promotions Limited. You consider that Top Scot Promotions Limited is exempt from the statutory audit requirement for the period. |
We have not been instructed to carry out an audit or a review of the financial statements of Top Scot Promotions 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 financial statements. |
Chartered Accountants |
31 May 2017 |