Stationeryshop Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC479779 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2018

for

Stationeryshop Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

V Venugopalan

SECRETARY:

V Venugopalan

REGISTERED OFFICE:

11 Hillpark Loan

Edinburgh

EH4 7BH

REGISTERED NUMBER:

SC479779 (Scotland)

ACCOUNTANTS:

Stevenson & Kyles

Chartered Accountants

25 Sandyford Place

Glasgow

G3 7NG

FIXED ASSETS

Tangible assets

4

17

100

CURRENT ASSETS

Stock

16,855

14,486

Cash at bank

1,686

1,717

18,541

16,203

CREDITORS

Amounts falling due within one year

5

16,776

15,831

NET CURRENT ASSETS

1,765

372

TOTAL ASSETS LESS CURRENT LIABILITIES

1,782

472

PROVISIONS FOR LIABILITIES

6

3

19

NET ASSETS

1,779

453

CAPITAL AND RESERVES

Called up share capital

7

10

10

Retained earnings

1,769

443

SHAREHOLDERS' FUNDS

1,779

453

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 31 July 2018 and were signed by:

V Venugopalan - Director

1.	STATUTORY INFORMATION

Stationeryshop 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

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.

Computer equipment

-

25% on cost

Stocks

Stock 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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2017

and 31 March 2018

331

DEPRECIATION

At 1 April 2017

231

Charge for year

83

At 31 March 2018

314

NET BOOK VALUE

At 31 March 2018

17

At 31 March 2017

100

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Taxation and social security

327

91

Other creditors

16,449

15,740

16,776

15,831

6.	PROVISIONS FOR LIABILITIES

2018

2017

£

£

Deferred tax

3

19

Deferred

tax

£

Balance at 1 April 2017

19

Provided during year

(16

)

Balance at 31 March 2018

3

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

10

Ordinary

£1

10

10

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is V Venugopalan.