Accounts filed on 31-12-2017


Registered number: SC153711






Scot Tile Contracts Limited


ACCOUNTS

FOR THE YEAR ENDED 31/12/2017
























Prepared By:
Accountancy Assured Limited
Chartered Certified Accountants & Chartered Tax Advisers
Suite 1 Beaverhall House
27 Beaverhall Road
Edinburgh
EH7 4JE


ACCOUNTS
FOR THE YEAR ENDED 31/12/2017





DIRECTORS
Erin Smith
Keith David Smith
Colin Ian Patrick



SECRETARY
ACCOUNTANCY ASSURED (SECRETARIAL SERVICES) LTD


REGISTERED OFFICE
Accountancy Assured Ltd
Suite 1, Beaverhall House
27 Beaverhall Road
Edinburgh
EH7 4JE


COMPANY DETAILS
Private company limited by shares registered in SC - Scotland, registered number SC153711



ACCOUNTANTS
Accountancy Assured Limited
Chartered Certified Accountants & Chartered Tax Advisers
Suite 1 Beaverhall House
27 Beaverhall Road
Edinburgh
EH7 4JE


ACCOUNTS
FOR THEYEARENDED31/12/2017



CONTENTS



		Page

Directors' Report		-

Accountants' Report		-

Statement Of Comprehensive Income		-

Balance Sheet		3

Notes To The Accounts		5


The following do not form part of the statutory financial statements:

Trading And Profit And Loss Account		-

Profit And Loss Account Summaries		-


BALANCE SHEET AT 31/12/2017

			2017		2016
	Notes		£		£

FIXED ASSETS
Tangible assets	2		33,458		45,771
Investment Assets	3		1,000		1,000

			34,458		46,771

CURRENT ASSETS
Stock		19,225		18,345
Debtors	5	424,160		445,318
Cash at bank and in hand		130,499		206,371
		573,884		670,034
CREDITORS: Amounts falling due within one year	6	130,971		209,293
NET CURRENT ASSETS			442,913		460,741
TOTAL ASSETS LESS CURRENT LIABILITIES			477,371		507,512


CREDITORS: Amounts falling due after more than one year	7		5,627		10,823


PROVISIONS FOR LIABILITIES AND CHARGES	9		6,691		9,154

NET ASSETS			465,053		487,535

CAPITAL AND RESERVES

Called up share capital	10		100		100
Profit and loss account			464,953		487,435
SHAREHOLDERS' FUNDS			465,053		487,535


BALANCE SHEET AT 31/12/2017

For the year ending 31/12/2017 the company was entitled to exemption 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 directors acknowledge their 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.

Approved by the board on 21/09/2018 and signed on their behalf by



.............................
Keith David Smith
Director



.............................
Colin Patrick
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .




1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Fixtures and Fittings		straight line 20%
Motor Cars		reducing balance 25%




1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.




1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.




1e. Investments
Fixed asset investments are shown at cost less amounts written off.
Provisions are made for permanent fluctuations in value.




3. FiNANCIAL ASSETS

	Shares in group companies
	and participating interests	Total
	£	£
Cost
At 01/01/2017	1,000	1,000
At 31/12/2017	1,000	1,000
Amortisation
Net Book Amounts
At 31/12/2017	1,000	1,000
At 31/12/2016	1,000	1,000




5. DEBTORS	2017	2016
	£	£
Amounts falling due within one year
Trade debtors	405,056	415,948
VAT	13,773	25,026
Salaries and wages control	842	-
Prepayments	4,489	4,344
	424,160	445,318




6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2017	2016
	£	£
UK corporation tax	28,609	50,157
PAYE control	3,590	4,820
Directors current account	35,500	39,503
Loans	38	38
Credit card	1,763	4,523
Finance leases	5,196	5,195
Trade creditors	55,535	104,089
Pension schemes	75	-
Accruals	665	968
	130,971	209,293




7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
	2017	2016
	£	£
Finance Leases >1yr	5,627	10,823
	5,627	10,823




10. SHARE CAPITAL	2017	2016
	£	£
Allotted, issued and fully paid:
100 Ordinary shares of £1 each	100	100
	100	100




11. CONTROLLING PARTY
The company was controlled throughout the current and previous period by the directors, Mr KD Smith & Ms E Smith who between them own 58% of the ordinary share capital of the company.