E R M Scotland Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: SC264392 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

E R M Scotland Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr B S Carlow

Mrs S A Carlow

REGISTERED OFFICE:

25 Manor Street

Falkirk

Stirlingshire

FK1 1NH

BUSINESS ADDRESS:

Park Lodge

15 Taylors Road

Larbert

Stirlingshire

FK5 3EJ

REGISTERED NUMBER:

SC264392 (Scotland)

ACCOUNTANTS:

Jenkins & Co.

25 Manor Street

Falkirk

Stirlingshire

FK1 1NH

BANKERS:

The Royal Bank of Scotland plc

2 Pitt Terrace

Stirling

Stirlingshire

FK8 2EX

FIXED ASSETS

Tangible assets

4

720

576

CURRENT ASSETS

Debtors

569

572

Cash at bank

29,183

44,940

29,752

45,512

CREDITORS

Amounts falling due within one year

(8,390

)

(16,654

)

NET CURRENT ASSETS

21,362

28,858

TOTAL ASSETS LESS CURRENT LIABILITIES

22,082

29,434

PROVISIONS FOR LIABILITIES

(144

)

(115

)

NET ASSETS

21,938

29,319

CAPITAL AND RESERVES

Called up share capital

15,000

15,000

Retained earnings

6,938

14,319

SHAREHOLDERS' FUNDS

21,938

29,319

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 7 July 2017 and were signed on its behalf by:

Mr B S Carlow - Director

1.	STATUTORY INFORMATION

E R M Scotland Limited is a private company, limited by shares , registered in Scotland. The company's registered number

and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" 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 cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added

tax and other sales taxes.

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

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent

that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively

enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in

which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted

or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be

recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are

charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2016

6,260

Additions

695

At 31 March 2017

6,955

DEPRECIATION

At 1 April 2016

5,684

Charge for year

551

At 31 March 2017

6,235

NET BOOK VALUE

At 31 March 2017

720

At 31 March 2016

576

5.	RELATED PARTY DISCLOSURES

During the year, total dividends of £10,000 (2016 - £17,800) were paid to the directors .

6.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr B S Carlow together with his wife, Mrs S A Carlow.

7.	FIRST YEAR ADOPTION

These are the company’s first set of financial statements prepared in accordance with FRS 102.