Felix Travers & Sons Ltd. - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: SC254471 (Scotland)

Unaudited Financial Statements

for the Period 1 November 2016 to 28 February 2018

for

Felix Travers & Sons Ltd.

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTOR:

Mr F Gray

SECRETARY:

Mrs A P Gray

REGISTERED OFFICE:

189 Stirling Road

Riggend

Airdrie

ML6 7SP

REGISTERED NUMBER:

SC254471 (Scotland)

ACCOUNTANTS:

Turner Accountancy Ltd

17-19 Motherwell Road

Carfin

ML1 4EB

FIXED ASSETS

Tangible assets

4

-

111

CURRENT ASSETS

Stocks

-

1,755

Debtors

5

100

3,120

Cash at bank and in hand

-

2,531

100

7,406

CREDITORS

Amounts falling due within one year

6

-

7,369

NET CURRENT ASSETS

100

37

TOTAL ASSETS LESS CURRENT LIABILITIES

100

148

PROVISIONS FOR LIABILITIES

-

6

NET ASSETS

100

142

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

-

42

100

142

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 February 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 February 2018 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 14 April 2018 and were signed by:

Mr F Gray - Director

1.	STATUTORY INFORMATION

Felix Travers & Sons Ltd. 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

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 November 2016

385

1,370

294

2,049

Disposals

(385

)

(1,370

)

(294

)

(2,049

)

At 28 February 2018

-

-

-

-

DEPRECIATION

At 1 November 2016

304

1,340

294

1,938

Charge for period

16

7

-

23

Eliminated on disposal

(320

)

(1,347

)

(294

)

(1,961

)

At 28 February 2018

-

-

-

-

NET BOOK VALUE

At 28 February 2018

-

-

-

-

At 31 October 2016

81

30

-

111

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.18

31.10.16

£

£

Other debtors

100

3,120

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.18

31.10.16

£

£

Trade creditors

-

675

Taxation and social security

-

3,354

Other creditors

-

3,340

-

7,369

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended

28 February 2018 and the year ended 31 October 2016:

28.2.18

31.10.16

£

£

Mr F Gray

Balance outstanding at start of period

(2,012

)

(9,238

)

Amounts advanced

22,760

19,127

Amounts repaid

(20,848

)

(11,901

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

(100

)

(2,012

)

The following reproduces the text of the report prepared for the director in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act

2006, the company is only required to file a Statement of Financial Position. Readers are

cautioned that the Income Statement and certain other primary statements and the Report

of the Director are not required to be filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the period ended 28 February 2018 set out on pages one to twelve and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Turner Accountancy Ltd

17-19 Motherwell Road

Carfin

ML1 4EB

Date: .............................................