EBS Trustees Limited - Accounts to registrar - small 17.2

EBS Trustees Limited - Accounts to registrar - small 17.2

EBS TRUSTEES LIMITED - Company Information

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REGISTERED NUMBER: SC078901 (Scotland)













Unaudited Financial Statements

for the Year Ended 31 December 2016

for

EBS Trustees Limited

EBS Trustees Limited (Registered number: SC078901)






Contents of the Financial Statements
for the Year Ended 31 December 2016




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


EBS Trustees Limited

Company Information
for the Year Ended 31 December 2016







DIRECTORS: R. Mc Cann
E D Mc Ghee
S L Christie-Carmichael





REGISTERED OFFICE: 25 Hope Street
Lanark
ML11 7NE





REGISTERED NUMBER: SC078901 (Scotland)





ACCOUNTANTS: Gerber Landa & Gee
Chartered Accountants
Chartered Tax Advisers
Pavilion 1
Finnieston Business Park
Minerva Way
GLASGOW
G3 8AU
Page 1
EBS Trustees Limited (Registered number: SC078901)

Balance Sheet
31 December 2016

31.12.16 31.12.15
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,861 4,111
Investments 5 500 500
3,361 4,611

CURRENT ASSETS
Debtors 6 134,413 135,754
Investments 7 10,000 10,000
Cash at bank 13,047 99,817
157,460 245,571
CREDITORS
Amounts falling due within one year 8 93,323 40,637
NET CURRENT ASSETS 64,137 204,934
TOTAL ASSETS LESS CURRENT
LIABILITIES
67,498
209,545

CAPITAL AND RESERVES
Called up share capital 44,000 44,000
Capital redemption reserve 6,000 6,000
Retained earnings 17,498 159,545
SHAREHOLDERS' FUNDS 67,498 209,545

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 17 May 2017 and were signed on its behalf by:



S L Christie-Carmichael - Director


The notes form part of these financial statements

Page 2
EBS Trustees Limited (Registered number: SC078901)

Notes to the Financial Statements
for the Year Ended 31 December 2016

1. STATUTORY INFORMATION

EBS Trustees 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.

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 - 20% on cost and Straight line over 5 years

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the
balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at
the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of
Value Added Tax, together with interest charged on loans to third parties.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 .

Page 3 continued...
EBS Trustees Limited (Registered number: SC078901)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2016 97,290
Additions 375
Disposals (9,040 )
At 31 December 2016 88,625
DEPRECIATION
At 1 January 2016 93,179
Charge for year 1,625
Eliminated on disposal (9,040 )
At 31 December 2016 85,764
NET BOOK VALUE
At 31 December 2016 2,861
At 31 December 2015 4,111

5. FIXED ASSET INVESTMENTS

At the balance sheet date the company held 10% of the issued share capital of Munro Trustees Limited
amounting to 500 ordinary £1 shares. The company is incorporated in Scotland and its principal activity is that of
a solicitor based trustee and executry services.

6. DEBTORS
31.12.16 31.12.15
£    £   
Amounts falling due within one year:
Trade debtors 13,639 2,590
Other debtors 112,856 37,206
126,495 39,796

Amounts falling due after more than one year:
Other debtors 7,918 95,958

Aggregate amounts 134,413 135,754

7. CURRENT ASSET INVESTMENTS

Investments are stated at the lower of cost or net realisable value.

Page 4 continued...
EBS Trustees Limited (Registered number: SC078901)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.16 31.12.15
£    £   
Taxation and social security 16,377 18,551
Other creditors 76,946 22,086
93,323 40,637

9. RELATED PARTY DISCLOSURES

During the year, a dividend of £44,200 (2015 £nil) was paid to a director by way of credit to loan account.

Other creditors at 31 December 2016 include the sum of £61,200 (2015 £nil) due to Mr C and Mrs M Mc Cann
being dividends paid by way of credit to their individual loan accounts. The amounts due are interest free and
payable on demand.

10. ULTIMATE CONTROLLING PARTY

The company is under the control of C. Mc Cann FLIA.

11. THIRD PARTY DESIGNATED AMOUNTS

As at 31 December 2015 client balances held on designated bank accounts amounted to £337,368 (amount at 31
December 2014 was £542,837).

12. FIRST YEAR ADOPTION

This is the first year that the company has presented its results under FRS 102, section 1 (A). The last financial
statements under previous UK GAAP were for the year ended 31 December 2015 and the date of transition to
FRS 102, section 1 (A) was 1 January 2015. There are no transitional adjustments requiring disclosure in the
financial statements.


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