Company Registration No. SC458215 (Scotland)
ALTERNATIVE SUPPLIES UK LIMITED
Unaudited accounts
for the year ended 31 December 2017
ALTERNATIVE SUPPLIES UK LIMITED
Company Information
for the year ended 31 December 2017
Company Number
SC458215 (Scotland)
Registered Office
Bogsbank Farm
Bogsbank Road
West Linton
EH46 7BS
Accountants
Jean S Macnab LLB CA CTA
1 Medwyn Drive
West Linton
Peeblesshire
EH46 7HW
ALTERNATIVE SUPPLIES UK LIMITED
Statement of financial position
as at 31 December 2017
Tangible assets
1,576
3,259
Cash at bank and in hand
13,109
4,593
Creditors: amounts falling due within one year
(11,046)
(11,011)
Net current assets
5,565
2,866
Total assets less current liabilities
7,141
6,125
Provisions for liabilities
Called up share capital
1
1
Profit and loss account
6,841
5,473
Shareholders' funds
6,842
5,474
For the year ending 31 December 2017 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 28 September 2018.
David Wilson
Director
Company Registration No. SC458215
ALTERNATIVE SUPPLIES UK LIMITED
Notes to the Accounts
for the year ended 31 December 2017
ALTERNATIVE SUPPLIES UK LIMITED is a private company, limited by shares, registered in Scotland, registration number SC458215. The registered office is Bogsbank Farm, Bogsbank Road, West Linton, EH46 7BS.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value of sales to customers, net of allowances and rebates, and excludes VAT.
Sales of goods are recognised when the company has delivered product to the customer, the customer has accepted the product and collectability of the related receivable is reasonably assured.
Tangible fixed assets and depreciation
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Motor vehicle - 25% straight line
Equipment - 25% straight line
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events that result in an obligation to pay more tax in the future or a right to pay less tax in the future have occurred at the balance sheet date.
A net deferred tax asset is regarded as recoverable and therefore recognised only to the extent that, on the basis of all available evidence, it can be regarded as more likely than not that there will be suitable taxable profits from which the reversal of the underlying timing differences can be recovered.
ALTERNATIVE SUPPLIES UK LIMITED
Notes to the Accounts
for the year ended 31 December 2017
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 January 2017
3,150
3,583
6,733
At 31 December 2017
3,150
3,583
6,733
At 1 January 2017
787
2,687
3,474
Charge for the year
787
896
1,683
At 31 December 2017
1,574
3,583
5,157
At 31 December 2017
1,576
-
1,576
At 31 December 2016
2,363
896
3,259
Finished goods
1,762
2,862
7
Creditors: amounts falling due within one year
2017
2016
Trade creditors
6,568
7,532
Taxes and social security
1,761
762
Loans from directors
2,717
2,717
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
9
Transactions with related parties
The company was under the control of D Wilson throughout the current and previous period.
D Wilson is the partner with a majority share in Dave Wilson Equestrian, an unincorporated business which traded with the company during the period.
10
Average number of employees
During the year the average number of employees was 0 (2016: 0).
