Geostokos (Ecosse) Ltd,Ltd - AccountsLtd - Accounts

Geostokos (Ecosse) Ltd,Ltd - AccountsLtd - Accounts

GEOSTOKOS (ECOSSE) LIMITED - Company Information

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2016-01-01 SC192655 2016-12-31 SC192655 2016-01-01 2016-12-31 SC192655 2015-12-31 SC192655 2015-01-01 2015-12-31 SC192655 uk-core:WithinOneYear 2015-12-31 SC192655 uk-core:WithinOneYear 2016-12-31 SC192655 uk-core:ShareCapital 2016-12-31 SC192655 uk-core:ShareCapital 2015-12-31 SC192655 uk-core:RetainedEarningsAccumulatedLosses 2016-12-31 SC192655 uk-core:RetainedEarningsAccumulatedLosses 2015-12-31 SC192655 uk-bus:Director1 2016-01-01 2016-12-31 iso4217:GBP SC192655 uk-bus:AuditExemptWithAccountantsReport 2016-01-01 2016-12-31 SC192655 uk-bus:FRS102 2016-01-01 2016-12-31 SC192655 uk-bus:FullAccounts 2016-01-01 2016-12-31 SC192655 uk-bus:PrivateLimitedCompanyLtd 2016-01-01 2016-12-31
Draft
Geostokos (Ecosse) Ltd
Registered Number:SC192655
For the year ended 31 December 2016
Scotland
Unaudited Financial Statements
2
Draft
For the year ended 31 December 2016
Geostokos (Ecosse) Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Draft
As at 31 December 2016
Geostokos (Ecosse) Ltd
Statement of Financial Position
Registered Number :
SC192655
£
£
2015
2016
Notes
Current assets
Trade and other receivables
342
-
2
2,227
Cash and cash equivalents
2,115
2,115
2,569
Trade and other payables: amounts falling due within one
year
(3,688)
(3,859)
3
(1,119)
(1,744)
Net current liabilities
Total assets less current liabilities
(1,744)
(1,119)
(1,744)
Net liabilities
(1,119)
Capital and reserves
Called up share capital
100
100
Retained earnings
(1,844)
(1,219)
(1,744)
(1,119)
Shareholders' funds
For the year ended 31 December 2016 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
Audun Andrew Clark Director
These financial statements were approved and authorised for issue by the Board on 17 July 2017 and were signed by:
The notes form part of these financial statements
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4
Draft
For the year ended 31 December 2016
Geostokos (Ecosse) Ltd
Notes to the Financial Statements
Statutory Information
Geostokos (Ecosse) Ltd is a private limited company, limited by shares, domiciled in Scotland, registration number
SC192655.
Registered address:
60, Alloa Business Centre
Whins Road
Alloa
FK10 3 SA
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
The financial statements have been prepared on a going concern basis on the understanding that the company's
director will continue to support the company and will not demand a repayment in the near future.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
2. Trade and other receivables
2015
2016
£
£
Trade debtors
-
18
Other debtors
-
324
342
-
3. Trade and other payables: amounts falling due within one year
2015
2016
£
£
Other creditors
3,859
3,688
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5
Draft
For the year ended 31 December 2016
Geostokos (Ecosse) Ltd
Notes to the Financial Statements Continued
4. Related party transactions
Mr A Clark is a director and shareholder of the company. He is therefore considered to be a related party of the
company. At the year end a balance of £3,049 (2015 - £2,582) is due to him. This loan is interest free with no fixed
date for repayment.
5. Transition to FRS 102
These financial statements for the year ending 31 December 2016 are the first financial statements that comply with
FRS 102 section 1A small entities. The date of transition is 1 January 2014.
The transition to FRS 102 Section 1A small entities has resulted in a small number of changes in accounting policies
to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained
in the notes where applicable.
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