Wildcat Applications Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: SC526882 (Scotland)

Unaudited Financial Statements for the Year Ended 28 February 2018

for

Wildcat Applications Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

T J H Inglis

REGISTERED OFFICE:

Bright Red Triangle

219 Colinton Road

Edinburgh

EH14 1DJ

REGISTERED NUMBER:

SC526882 (Scotland)

ACCOUNTANTS:

One Accounting Ltd

Chartered Management Accountants

Drumsheugh Toll

2 Belford Road

Edinburgh

Midlothian

EH4 3BL

FIXED ASSETS

Tangible assets

4

4,121

2,321

CURRENT ASSETS

Debtors

5

270

801

Cash at bank

18,360

13,558

18,630

14,359

CREDITORS

Amounts falling due within one year

6

3,299

7,738

NET CURRENT ASSETS

15,331

6,621

TOTAL ASSETS LESS CURRENT
LIABILITIES

19,452

8,942

CREDITORS

Amounts falling due after more than one
year

7

130,816

96,850

NET LIABILITIES

(111,364

)

(87,908

)

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

(111,464

)

(88,008

)

(111,364

)

(87,908

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 Income Statement has not been delivered.

The financial statements were approved by the director on 23 November 2018 and were signed by:

T J H Inglis - Director

1.	STATUTORY INFORMATION

Wildcat Applications 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.

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.

At the balance sheet date, the company's liabilities exceed its assets by £111,364. The Company

meets its day to day working capital from loans from the director and family members. The balance

due to the director and family members from the Company at the year end is £130,816. The financial

statements have been prepared on a going concern basis, which assumes that the Company will

continue in operational existence for the foreseeable future.The Director believes that the financial

statements should be prepared on a going concern basis and appropriate funding will be available if

required.

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.

Fixtures and fittings

-

25% on cost

Computer equipments

-

33% on cost

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 2 (2017 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipments

Totals

£

COST

At 1 March 2017

2,316

597

2,913

Additions

-

3,395

At 28 February 2018

2,316

3,992

6,308

DEPRECIATION

At 1 March 2017

461

131

592

Charge for year

579

1,016

1,595

At 28 February 2018

1,040

1,147

2,187

NET BOOK VALUE

At 28 February 2018

1,276

2,845

4,121

At 28 February 2017

1,855

466

2,321

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.18

28.2.17

£

Trade debtors

270

259

Prepayments

-

542

270

801

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.18

28.2.17

£

Trade creditors

100

-

Social security and other taxes

-

1,575

VAT

766

89

Wages Control

958

4,599

Accrued expenses

1,475

3,299

7,738

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

28.2.18

28.2.17

£

Loan R Inglis

37,623

22,850

Other Loans

90,500

74,000

Directors Loan - Tom Inglis

2,693

-

130,816

96,850

8.	RELATED PARTY DISCLOSURES

During the year the Richard Inglis has provided loans to the Company to the value of £14,773 (2017

£22,850), the total amount due to Richard Inglis at the balance sheet date was £37,623 (2017

£22,850). This loan is interest free with no set repayment date.

During the year the Director Tom Inglis has provided loans to the Company to the value of £2,693

(2017 £nil) . This loan is interest free with no set repayment date.

During the year Heather Inglis, a family member of the Director provided loans to the Company to the

value of £16,500 (2017 £74,000), the total amount due to Heather Inglis at the balance sheet date was

£90,500 (2017 £74,000). This loan is interest free with no set repayment date.

Wildcat Applications Ltd - Accounts to registrar (filleted) - small 18.2

Wildcat Applications Ltd - Accounts to registrar (filleted) - small 18.2