No Stress Yachting Ltd - Accounts to registrar (filleted) - small 18.2

No Stress Yachting Ltd - Accounts to registrar (filleted) - small 18.2

NO STRESS YACHTING LTD - Company Information

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REGISTERED NUMBER: SC456592 (Scotland)















Financial Statements for the Year Ended 31 January 2018

for

No Stress Yachting Ltd
No Stress Yachting Ltd (Registered number: SC456592)






Contents of the Financial Statements
for the Year Ended 31 January 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

No Stress Yachting Ltd

Company Information
for the Year Ended 31 January 2018







DIRECTORS: J A Johnston
J N Johnston





REGISTERED OFFICE: c/o IDS and CO
38 Beansburn
Kilmarnock
Ayrshire
KA3 1RL





REGISTERED NUMBER: SC456592 (Scotland)





ACCOUNTANTS: IDS and Co
Chartered Accountants
38 Beansburn
Kilmarnock
Ayrshire
KA3 1RL
Page 1
No Stress Yachting Ltd (Registered number: SC456592)

Balance Sheet
31 January 2018

31.1.18 31.1.17
Notes £    £   
CURRENT ASSETS
Cash at bank 4 1,570

CREDITORS
Amounts falling due within one year 4 41,654 40,917
NET CURRENT LIABILITIES (41,650 ) (39,347 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
(41,650
)
(39,347
)

CAPITAL AND RESERVES
Called up share capital 5 100 100
Retained earnings (41,750 ) (39,447 )
SHAREHOLDERS' FUNDS (41,650 ) (39,347 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 31 October 2018 and were signed on its behalf by:





J N Johnston - Director


The notes form part of these financial statements

Page 2
No Stress Yachting Ltd (Registered number: SC456592)

Notes to the Financial Statements
for the Year Ended 31 January 2018

1. STATUTORY INFORMATION

No Stress Yachting Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The company has a net deficit on the balance sheet. The financial statements have been prepared on a going
concern basis which assumes that the company will continue in operational existence in the foreseeable
future.The directors consider this to be the appropriate basis to use as they will continue to provide funds to
support the business and to ensure the company is meeting its debts as they fall due.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account,
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 NIL (2017 - 2 ).

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.18 31.1.17
£    £   
Directors' loan accounts 40,384 36,897
Accrued expenses 1,270 4,020
41,654 40,917

Page 3 continued...
No Stress Yachting Ltd (Registered number: SC456592)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2018

5. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.1.18 31.1.17
value: £    £   
100 Ordinary £1 100 100

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At 31st January 2018 there was a total due to Norman Johnston of £40,384 (2017- £36,897).

Page 4
Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
No Stress Yachting Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file
a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the
Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of No Stress Yachting Ltd for the year ended 31 January 2018 which comprise the Statement of
Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from
information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of No Stress Yachting Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of No Stress Yachting Ltd and state those matters that we have agreed to state to the Board of Directors of No Stress Yachting Ltd, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that No Stress Yachting Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of No Stress Yachting Ltd. You consider that No Stress Yachting Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of No Stress Yachting Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






IDS and Co
Chartered Accountants
38 Beansburn
Kilmarnock
Ayrshire
KA3 1RL


31 October 2018

This page does not form part of the statutory financial statements

Page 5