S A S Couriers (Scotland) Ltd - Limited company accounts 11.6

REGISTERED NUMBER: SC338741 (Scotland)

Report of the Director and

Unaudited Financial Statements for the Year Ended 28 February 2014

for

S A S Couriers (Scotland) Ltd

Page

Company Information

1

Report of the Director

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTOR:

A Logan

SECRETARY:

S A Logan

REGISTERED OFFICE:

2 East Avenue

Viewpark

Uddingston

G71 6LG

REGISTERED NUMBER:

SC338741 (Scotland)

ACCOUNTANTS:

Tax Link

17 Wellgate Street

Larkhall

Lanarkshire

ML9 2AG

The director presents his report with the financial statements of the company for the year ended 28 February 2014.

INCORPORATION

The company was incorporated on 3 March 2008 .

DIRECTOR

A Logan held office during the whole of the period from 1 March 2013 to the date of this report.

The director, being eligible, offers himself for election at the forthcoming first Annual General Meeting.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating

to small companies.

ON BEHALF OF THE BOARD:

A Logan - Director

31 October 2014

TURNOVER

39,173

Cost of sales

12,843

GROSS PROFIT

26,330

Administrative expenses

21,648

OPERATING PROFIT and

PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION

2

4,682

Tax on profit on ordinary activities

3

536

PROFIT FOR THE FINANCIAL YEAR

4,146

CURRENT ASSETS

Cash at bank

14,393

CREDITORS

Amounts falling due within one year

5

10,594

NET CURRENT ASSETS

3,799

TOTAL ASSETS LESS CURRENT LIABILITIES

3,799

CAPITAL AND RESERVES

Called up share capital

6

2

Profit and loss account

7

3,797

SHAREHOLDERS' FUNDS

3,799

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the director on 31 October 2014 and were signed by:

A Logan - Director

1.	ACCOUNTING POLICIES

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 April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Deferred tax

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

sheet date.

2.	OPERATING PROFIT

The operating profit is stated after charging:

£

Director's remuneration and other benefits etc

17,620

3.

TAXATION

Analysis of the tax charge

The tax charge on the profit on ordinary activities for the year was as follows:

£

Current tax:

UK corporation tax

536

Tax on profit on ordinary activities

536

4.

DIVIDENDS

£

Ordinary shares of 1 each

Interim

2,000

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

2,023

Taxation and social security

5,495

Other creditors

3,076

10,594

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

2

Ordinary

1

2

7.

RESERVES

Profit

and loss

account

£

At 1 March 2013

1,651

Profit for the year

4,146

Dividends

(2,000

)

At 28 February 2014

3,797