Contracting Scout Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08252941 (England and Wales)

Unaudited Financial Statements

for the Period 1 December 2016 to 29 November 2017

for

Contracting Scout Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

C J Futcher

REGISTERED OFFICE:

Winnington House

2 Woodberry Grove

North Finchley

London

N12 0DR

REGISTERED NUMBER:

08252941 (England and Wales)

FIXED ASSETS

Tangible assets

5

1,630

-

CURRENT ASSETS

Debtors

6

194,086

5,708

Cash at bank

6,889

26,667

200,975

32,375

CREDITORS

Amounts falling due within one year

7

242,623

96,081

NET CURRENT LIABILITIES

(41,648

)

(63,706

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(40,018

)

(63,706

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(40,019

)

(63,707

)

SHAREHOLDERS' FUNDS

(40,018

)

(63,706

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 November 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 November 2017 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 29 November 2018 and were signed by:

C J Futcher - Director

1.	STATUTORY INFORMATION

Contracting Scout Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	STATEMENT OF COMPLIANCE

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. This is the first year in which the financial statements have been prepared under FRS 102. The last financial statements for the year ended 30 November 2016 were prepared under the United Kingdom Generally Accepted Accounting Principles ("UK GAAP"). The transition to FRS 102 is not considered to have a material effect on the financial statements.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Critical accounting estimates and judgements

No significant judgements have had to be made by the directors in preparing these financial statements.

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.

Plant and machinery etc

-

33% on cost

Taxation

Taxation for the period 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position 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 period 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.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial

assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third

parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for

objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised

in profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an

asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective

interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is

the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between

an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company

would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when

there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or

to realise the asset and settle the liability simultaneously.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

2,207

At 29 November 2017

2,207

DEPRECIATION

Charge for period

577

At 29 November 2017

577

NET BOOK VALUE

At 29 November 2017

1,630

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.11.17

30.11.16

£

£

Trade debtors

180,000

-

Other debtors

14,086

5,708

194,086

5,708

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.11.17

30.11.16

£

£

Trade creditors

14,092

15,674

Taxation and social security

11,406

-

Other creditors

217,125

80,407

242,623

96,081

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is C J Futcher.