Heriot Services Limited - Accounts to registrar (filleted) - small 17.3
Heriot Services Limited - Accounts to registrar (filleted) - small 17.3
| REGISTERED NUMBER: |
| Heriot Services Limited |
| Unaudited Financial Statements |
| for the Year Ended 31 March 2017 |
| Heriot Services Limited (Registered number: SC163517) |
| Contents of the Financial Statements |
| for the Year Ended 31 March 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Heriot Services Limited |
| Company Information |
| for the Year Ended 31 March 2017 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Glen Orchy |
| 15 Glenorchy Road |
| North Berwick |
| EH39 4PE |
| BANKERS: |
| 22 Charlotte Square |
| Edinburgh |
| EH2 4DF |
| SOLICITORS: |
| Saltire Court |
| 20 Castle Terrace |
| Edinburgh |
| EH1 2ET |
| Heriot Services Limited (Registered number: SC163517) |
| Balance Sheet |
| 31 March 2017 |
| 2017 | 2016 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| Heriot Services Limited (Registered number: SC163517) |
| Balance Sheet - continued |
| 31 March 2017 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the director on |
| Heriot Services Limited (Registered number: SC163517) |
| Notes to the Financial Statements |
| for the Year Ended 31 March 2017 |
| 1. | STATUTORY INFORMATION |
| Heriot Services Limited is a |
| 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 |
| Turnover and revenue recognition |
| Turnover comprises the fair value of consultancy services provided. |
| Revenue from consultancy is recognised when the service has been provided and all obligations to |
| the customers under the consulting agreement have been fulfilled. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| Financial instruments |
| The company only has financial assets and financial liabilities of a kind that qualify as basic financial |
| instruments. Basic financial instruments are initially recognised at transaction value and |
| subsequently measured at their settlement value. |
| All loans with related parties are all repayable on demand. |
| 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. |
| Heriot Services Limited (Registered number: SC163517) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2017 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 1 April 2016 |
| Additions |
| Disposals | ( |
) |
| At 31 March 2017 |
| DEPRECIATION |
| At 1 April 2016 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 31 March 2017 |
| NET BOOK VALUE |
| At 31 March 2017 |
| At 31 March 2016 |
| Heriot Services Limited (Registered number: SC163517) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2017 |
| 5. | FIXED ASSET INVESTMENTS |
| 2017 | 2016 |
| At cost | At cost |
| £ | £ |
| Investment in a private limited company |
| 1 Ordinary share of £1 in New Silvermills Car Park Company Ltd | 8,562 | 8,562 |
| 5,597,835 Ordinary shares of £0.001 in Volo Holdings Ltd | - | 12,472 |
| 8,562 | 21,034 |
| The director is of the opinion that the value in the accounts of the above investments represent fair |
| value as at 31 March 2017. |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Taxation and social security |
| Other creditors |
| 8. | FIRST YEAR ADOPTION |
| In preparing the accounts, the director has considered whether in applying the accounting policies |
| required by FRS 102 a restatement of comparative items was needed. No restatements were |
| required. Accordingly, no reconciliation of opening balances or net income/(expenditure) for the |
| period has been prepared. |