Clan Irving Limited - Filleted accounts

Clan Irving Limited - Filleted accounts

CLAN IRVING LIMITED - Company Information

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Registered number
SC424945
Clan Irving Limited
Filleted Accounts
31 March 2017
Clan Irving Limited Registered number
Balance Sheet SC424945
as at 31 March 2017
Notes 2017 2016
£ £
Fixed assets
Intangible assets 2 1,000 2,000
Current assets
Debtors 3 50 37
Cash at bank and in hand 448 54
498 91
Creditors: amounts falling due within one year 4 (14,423) (12,785)
Net current liabilities (13,925) (12,694)
Net liabilities (12,925) (10,694)
Capital and reserves
Called up share capital 100 100
Profit and loss account (13,025) (10,794)
Shareholders' funds (12,925) (10,694)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
R Irving
Director
Approved by the board on 21 June 2018
Clan Irving Limited
Notes to the Accounts
for the year ended 31 March 2017
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland, as applied to small entities by section 1A of the standard.
Going concern basis
The accounts have been prepared on the going concern basis. The director believes this basis to be appropriate since, although the company had net liabilities at the balance sheet date, it is assumed that the company's director and creditors will continue to provide such financial support to the company as is necessary for it to continue operating.
Turnover
The company did not generate any turnover during either the year ended 31 March 2017 or the year ended 31 March 2016.
Goodwill and amortisation
Purchased goodwill is capitalised and is being amortised over its estimated useful life at the rate of 20% p.a. on the straight line basis.
2 Intangible fixed assets
Goodwill
£
Cost
At 1 April 2016 5,000
At 31 March 2017 5,000
Amortisation
At 1 April 2016 3,000
Provided during the year 1,000
At 31 March 2017 4,000
Net book value
At 31 March 2017 1,000
At 31 March 2016 2,000
3 Debtors 2017 2016
£ £
Other debtors 50 37
4 Creditors: amounts falling due within one year 2017 2016
£ £
Other creditors 14,423 12,785
5 Controlling party
At 31 March 2017 the company was controlled by the director, Mr R Irving, who held a controlling interest in the company's issued share capital.
6 Other information
Clan Irving Limited is a private company limited by shares and incorporated in Scotland. Its registered office is Summit House, 4-5 Mitchell Street, Edinburgh EH6 7BD.
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