Bruce Tait Associates Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: SC314819 (Scotland)

Unaudited Financial Statements

for the Period 1 February 2016 to 31 March 2017

for

Bruce Tait Associates Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

B R Tait

SECRETARY:

B R Tait

REGISTERED OFFICE:

12 Pitt Terrace

Stirling

FK8 2EZ

REGISTERED NUMBER:

SC314819 (Scotland)

ACCOUNTANTS:

Campbell Dallas Limited

Accountants

15 Gladstone Place

Stirling

FK8 2NN

FIXED ASSETS

Tangible assets

4

7,401

8,526

CURRENT ASSETS

Debtors

5

14,945

32,604

Cash at bank

49,936

88,822

64,881

121,426

CREDITORS

Amounts falling due within one year

6

47,861

88,381

NET CURRENT ASSETS

17,020

33,045

TOTAL ASSETS LESS CURRENT LIABILITIES

24,421

41,571

PROVISIONS FOR LIABILITIES

1,480

1,705

NET ASSETS

22,941

39,866

CAPITAL AND RESERVES

Called up share capital

104

104

Retained earnings

22,837

39,762

SHAREHOLDERS' FUNDS

22,941

39,866

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2017 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 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 director on 20 December 2017 and were signed by:

B R Tait - Director

1.	STATUTORY INFORMATION

Bruce Tait Associates 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.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A

Accounting policy:

These financial statements for the period ended 31 March 2017 are the first that are prepared in

accordance with FRS 102 Section 1A. The previous financial statements were prepared in

accordance with old UK GAAP. The date of transition to FRS 102 Section 1A is 1 February 2015.

First year adoption note:

The reported financial position and financial performance for the previous year are not affected by

the transition to FRS 102 Section 1A.

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

25% on reducing balance

Taxation

Taxation for the period 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 period 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 period was 8 .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 February 2016

9,475

9,037

18,512

Additions

-

291

291

At 31 March 2017

9,475

9,328

18,803

DEPRECIATION

At 1 February 2016

4,719

5,267

9,986

Charge for period

617

799

1,416

At 31 March 2017

5,336

6,066

11,402

NET BOOK VALUE

At 31 March 2017

4,139

3,262

7,401

At 31 January 2016

4,756

3,770

8,526

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

4,320

8,220

Other debtors

7,434

21,564

Directors' current accounts

976

-

Prepayments

2,215

2,820

14,945

32,604

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

2,457

5,037

Tax

19,441

30,727

Social security and other taxes

10,119

5,562

VAT

12,820

41,073

Directors' current accounts

-

3,424

Accrued expenses

3,024

2,558

47,861

88,381

7.	RELATED PARTY DISCLOSURES

During the period, total dividends of £90,000 were paid to the director .

Score Recruitment Limited

Score Recruitment Limited (a company owned by Bruce Tait) was due £22,592 from the company

(2016: (£11,091)) at the year end.

Charity Careers North West Limited

Charity Careers North West Limited, of which Bruce Tait holds a 50% shareholding, owed the

company £10,467 (2016: £3,740) at the year end.

Charity Careers Ireland Limited

Charity Careers Ireland Limited, of which Bruce Tait holds a 50% shareholding, owed the company

£8,935 (2016: £6,732) at the year end.

Charity Careers Canada Limited

Charity Careers Canada Limited, of which Bruce Tait holds a 50% shareholding, owed the company

£10,624 (2016: £nil) at the year end.