Company Registration No. SC295744 (Scotland)
Fast Lane Roadmarkings Ltd
Unaudited accounts
for the year ended 31 March 2017
Fast Lane Roadmarkings Ltd
Unaudited accounts
Contents
Fast Lane Roadmarkings Ltd
Company Information
for the year ended 31 March 2017
Company Number
SC295744 (Scotland)
Registered Office
162 Woodhall Road
Colinton
Edinburgh
EH13 0PJ
Accountants
Rosebery Accountants & Business Advisors
23 Melville Street
Edinburgh
EH3 7PE
Fast Lane Roadmarkings Ltd
Statement of financial position
as at 31 March 2017
Tangible assets
27,051
18,506
Cash at bank and in hand
40,256
63,147
Creditors: amounts falling due within one year
(22,835)
(74,799)
Net current assets
24,323
49,408
Called up share capital
100
100
Profit and loss account
51,274
67,814
Shareholders' funds
51,374
67,914
For the year ending 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 10 January 2018.
Alex Craig
Director
Company Registration No. SC295744
Fast Lane Roadmarkings Ltd
Notes to the Accounts
for the year ended 31 March 2017
Fast Lane Roadmarkings Ltd is a private company, limited by shares, registered in Scotland, registration number SC295744. The registered office is 162 Woodhall Road, Colinton, Edinburgh, EH13 0PJ.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 March 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2016
47,651
54,581
102,232
Additions
1,566
15,995
17,561
At 31 March 2017
49,217
70,576
119,793
At 1 April 2016
35,033
48,693
83,726
Charge for the year
3,546
5,470
9,016
At 31 March 2017
38,579
54,163
92,742
At 31 March 2017
10,638
16,413
27,051
At 31 March 2016
12,618
5,888
18,506
Fast Lane Roadmarkings Ltd
Notes to the Accounts
for the year ended 31 March 2017
6
Creditors: amounts falling due within one year
2017
2016
Taxes and social security
21,640
39,734
7
Average number of employees
During the year the average number of employees was 2 (2016: 2).
