Trim Workshops Limited Filleted accounts for Companies House (small and micro)

TRIM WORKSHOPS LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: SC214754

Trim Workshops Limited

Filleted Unaudited Financial Statements

For the year ended

31 January 2018

Trim Workshops Limited

Statement of Financial Position

31 January 2018

		2018	2017
Note		£	£
Creditors: amounts falling due within one year	4	1,633	1,633
		-------	-------
Net current liabilities		1,633	1,633
		-------	-------
Total assets less current liabilities		( 1,633)	( 1,633)
		-------	-------

Capital and reserves

Called up share capital	100	100
Profit and loss account	( 1,733)	( 1,733)
	-------	-------
Shareholders deficit	( 1,633)	( 1,633)
	-------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

The company did not trade during the year and has not made either a profit or loss.

For the year ending 31 January 2018 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 12 October 2018 , and are signed on behalf of the board by:

Mr Mark Kelly

Director

Company registration number: SC214754

Trim Workshops Limited

Notes to the Financial Statements

Year ended 31 January 2018

1. General information

The company is a private company limited by shares, registered in Scotland. The address of the registered office is 53 Bothwell Street, Glasgow, G2 6TB.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (b) No cash flow statement has been presented for the company.

Income statement

The company is dormant as defined by section 1169 of the Companies Act 2006. The company received no income and incurred no expenditure during the current year.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Operating leases

Lease income is recognised in profit or loss on a straight line basis over the lease term. The aggregate cost of lease incentives are recognised as a reduction to income over the lease term on a straight-line basis. Costs, including depreciation, incurred in earning the lease income are recognised as an expense. Any initial direct costs incurred in negotiating and arranging the operating lease are added to the carrying amount of the lease and recognised as an expense over the lease term on the same basis as the lease income.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Creditors: amounts falling due within one year

	2018	2017
	£	£
Amounts owed to group undertakings and undertakings in which the company has a participating interest	151	151
Other creditors	1,482	1,482
	-------	-------
	1,633	1,633
	-------	-------

5. Related party transactions

The company was under the control of the directors, Mark and Sarah Kelly. Mark Kelly is a Director of Danilo Lucchi UK Limited. At 31 January 2018 Danilo Lucchi UK Limited was owed £152 (2017: £152). During the year Mark Kelly, a Director, rented a property from the company for £nil (2017: £2,301). The balance owed at the beginning of the year to Mark Kelly by the company was £1,481. At the end of the year, Mark Kelly was owed £1,481 by the the company.