Alison Jameson Consultants Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: SC392037 (Scotland)

Alison Jameson Consultants Limited

Unaudited Financial Statements

for the Year Ended 31 August 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Ms A Jameson

REGISTERED OFFICE:

Unit 4

38 Baileyfield Road

Edinburgh

EH15 1NA

REGISTERED NUMBER:

SC392037 (Scotland)

ACCOUNTANTS:

Whitelaw Wells

9 Ainslie Place

Edinburgh

Midlothian

EH3 6AT

BANKERS:

Clydesdale Bank

4 Bernard Street

Leith

Edinburgh

EH6 6PX

FIXED ASSETS

Intangible assets

4

21,050

26,750

Tangible assets

5

1,649

821

22,699

27,571

CURRENT ASSETS

Debtors

6

37,454

36,189

Cash at bank and in hand

717

433

38,171

36,622

CREDITORS

Amounts falling due within one year

7

60,463

63,630

NET CURRENT LIABILITIES

(22,292

)

(27,008

)

TOTAL ASSETS LESS CURRENT LIABILITIES

407

563

PROVISIONS FOR LIABILITIES

2

-

NET ASSETS

405

563

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

305

463

SHAREHOLDERS' FUNDS

405

563

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 8 March 2018 and were signed by:

Ms A Jameson - Director

1.	STATUTORY INFORMATION

Alison Jameson Consultants 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.

Turnover and revenue recognition

The turnover shown in the profit and loss account represents net invoiced sales of public relation

services, excluding value added tax. Revenue is recognised when the service has been supplied to

the customer.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are

measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

25% on cost

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.

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.

Pension costs and other post-retirement benefits

Contributions payable to the employees' pension schemes are charged to profit and loss in the

period to which they relate.

Going concern

The financial statements have been prepared on a going concern basis, which assumes that the

company will trade for the foreseeable future. In order to do so the company will require the

continued support of the bank and creditors.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2016 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2016

and 31 August 2017

57,000

AMORTISATION

At 1 September 2016

30,250

Charge for year

5,700

At 31 August 2017

35,950

NET BOOK VALUE

At 31 August 2017

21,050

At 31 August 2016

26,750

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2016

6,206

Additions

1,726

Disposals

(1,813

)

At 31 August 2017

6,119

DEPRECIATION

At 1 September 2016

5,385

Charge for year

824

Eliminated on disposal

(1,739

)

At 31 August 2017

4,470

NET BOOK VALUE

At 31 August 2017

1,649

At 31 August 2016

821

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

23,506

31,032

Other debtors

13,948

5,157

37,454

36,189

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

22,662

23,534

Trade creditors

10,671

9,602

Taxation and social security

15,646

26,121

Other creditors

11,484

4,373

60,463

63,630

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2017

2016

£

£

Within one year

19,410

15,285

Between one and five years

64,823

4,608

84,233

19,893

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2017

and 31 August 2016:

2017

2016

£

£

Ms A Jameson

Balance outstanding at start of year

1,523

-

Amounts advanced

74,513

1,523

Amounts repaid

(67,185

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

8,851

1,523

The amount owed by the director is interest free and has been fully repaid within 9 months of the

year end.

10.	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.