Stand Ltd - Accounts to registrar - small 17.2

REGISTERED NUMBER: SC239377 (Scotland)

STAND LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

Ms M Croft

S Gilmour

SECRETARY:

Ms M Croft

REGISTERED OFFICE:

c/o Hardie Caldwell LLP

Citypoint 2

25 Tyndrum Street

Glasgow

G4 0JY

REGISTERED NUMBER:

SC239377 (Scotland)

ACCOUNTANTS:

Hardie Caldwell LLP

Chartered Accountants

Citypoint 2

25 Tyndrum Street

Glasgow

G4 0JY

BANKERS:

The Royal Bank of Scotland plc

Glasgow City Branch

10 Gordon Street

Glasgow

G1 3PL

FIXED ASSETS

Tangible assets

4

33,704

55,915

CURRENT ASSETS

Debtors

5

382,419

359,398

Cash in hand

149

68

382,568

359,466

CREDITORS

Amounts falling due within one year

6

345,221

316,314

NET CURRENT ASSETS

37,347

43,152

TOTAL ASSETS LESS CURRENT LIABILITIES

71,051

99,067

CREDITORS

Amounts falling due after more than one year

7

15,437

34,941

NET ASSETS

55,614

64,126

CAPITAL AND RESERVES

Called up share capital

8

50

50

Capital redemption reserve

50

50

Retained earnings

55,514

64,026

SHAREHOLDERS' FUNDS

55,614

64,126

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

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 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.

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 26 September 2017 and were signed on its behalf by:

Ms M Croft - Director

1.	STATUTORY INFORMATION

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

is SC239377 and its registered office is Citypoint 2, 25 Tyndrum Street, Glasgow, G4 0JY.

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.

This is the first year in which the financial statements have been prepared under FRS 102. The transition from

preparing the financial statements in accordance with FRSSE (2015) to FRS 102 (1A) has had no material

impact on either the financial position or the financial performance as previously reported by the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable.

Turnover is attributable to design consultancy and is recognised when a service is delivered to the customer.

Tangible fixed assets

Depreciation of fixed assets is calculated to write off the cost or valuation less any residual value over their

estimated useful lives as follows:

Plant and machinery

25% on cost and 20% reducing balance.

Financial instruments

Debtors

Trade debtors, amounts recoverable on contract and other debtors are recognised at the settlement amount due

with appropriate allowances for any irrecoverable amounts when there is objective evidence that the asset is

impaired.

Cash and cash equivalents

Cash and cash equivalents in the balance sheet comprise cash on hand and cash at bank with a short term of

maturity, being twelve months or less, from the opening of the deposit or similar account. In the balance sheet

bank overdrafts are shown within creditors.

Creditors

Bank loans and overdrafts, hire purchase contracts, trade creditors and other creditors are recognised where the

company has a present obligation resulting from a past event and are recognised at the settlement amount due

after allowing for any trade discounts due.

Loans

Loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised

cost using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2016

102,041

Additions

962

At 31 December 2016

103,003

DEPRECIATION

At 1 January 2016

46,126

Charge for year

23,173

At 31 December 2016

69,299

NET BOOK VALUE

At 31 December 2016

33,704

At 31 December 2015

55,915

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 January 2016

and 31 December 2016

35,666

DEPRECIATION

At 1 January 2016

15,604

Charge for year

8,917

At 31 December 2016

24,521

NET BOOK VALUE

At 31 December 2016

11,145

At 31 December 2015

20,062

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade debtors

255,105

221,515

Amounts recoverable on contract

82,700

81,500

Other debtors

44,614

56,383

382,419

359,398

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Bank loans and overdrafts

81,012

58,718

Hire purchase contracts

6,249

6,249

Trade creditors

86,289

59,399

Taxation and social security

110,949

101,171

Other creditors

60,722

90,777

345,221

316,314

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2016

2015

£

£

Bank loans

2,683

15,938

Hire purchase contracts

12,754

19,003

15,437

34,941

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

50

Ordinary

£1

50

50

9.	OTHER FINANCIAL COMMITMENTS

At 31 December 2016, the company had total commitments under non-cancellable operating leases over the

remaining life of those leases of £186,060 (2015: £199,350).

The following reproduces the text of the report prepared for the directors and members in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other

primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Stand Ltd for the year ended 31 December 2016 which comprise the Income Statement, Other

Comprehensive Income, 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 ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of Stand 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 Stand Ltd and state those matters that we have agreed to state to the Board of Directors of Stand Ltd, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/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 Stand 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 Stand Ltd. You consider that Stand 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 Stand 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 September 2017