Eigg Construction Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC202238 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

EIGG CONSTRUCTION LIMITED

Page

Company Information

1

Income Statement

2

Balance Sheet

3

Notes to the Financial Statements

4

Chartered Accountants' Report

6

DIRECTORS:

C Carr

S P Kirk

SECRETARY:

M Fyffe

REGISTERED OFFICE:

An Laimhrig

Isle of Eigg

PH42 4RL

REGISTERED NUMBER:

SC202238 (Scotland)

ACCOUNTANTS:

CIB Services

Chartered Accountants

63 Kenneth Street

Stornoway

Isle of Lewis

Western Isles

HS1 2DS

27,798

TURNOVER

9,573

27,006

Cost of sales

9,439

792

GROSS PROFIT

134

218

Distribution costs

468

436

Administrative expenses

440

654

908

OPERATING (LOSS)/PROFIT and

138

(LOSS)/PROFIT BEFORE TAXATION

(774

)

-

Tax on (loss)/profit

-

138

(LOSS)/PROFIT FOR THE FINANCIAL YEAR

(774

)

CURRENT ASSETS

2,060

Debtors

4

-

761

Cash at bank and in hand

701

2,821

701

CREDITORS

2,723

Amounts falling due within one year

5

1,377

98

NET CURRENT (LIABILITIES)/ASSETS

(676

)

98

TOTAL ASSETS LESS CURRENT LIABILITIES

(676

)

CAPITAL AND RESERVES

2

Called up share capital

2

96

Retained earnings

(678

)

98

SHAREHOLDERS' FUNDS

(676

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

The financial statements were approved by the Board of Directors on 30 November 2018 and were signed on its behalf by:

C Carr - Director

1.	STATUTORY INFORMATION

Eigg Construction Limited 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.

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

-

25% 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.

Government grants

Grants received in respect of expenditure included in the Profit and Loss Account are credited to the Profit and

Loss Account in the period in which the related expenditure is undertaken.

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2017

and 31 March 2018

7,236

DEPRECIATION

At 1 April 2017

and 31 March 2018

7,236

NET BOOK VALUE

At 31 March 2018

-

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade debtors

-

1,825

Other debtors

-

235

-

2,060

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade creditors

-

1,412

Amounts owed to group undertakings

989

989

Taxation and social security

51

-

Other creditors

337

322

1,377

2,723

6.	ULTIMATE CONTROLLING PARTY

The ultimate parent company is Isle of Eigg Heritage Trust, which is a Charitable Company incorporated in

Scotland. The registered office and place of business is An Laimhrig, Isle of Eigg. PH42 4RL.

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 Eigg Construction Limited for the year ended 31 March 2018 which comprise the Income

Statement, 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 Eigg Construction Limited, 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 Eigg Construction Limited and state those matters that we have agreed to state to the Board of Directors of Eigg Construction Limited, 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 Eigg Construction Limited 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 Eigg Construction Limited. You consider that Eigg Construction Limited 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 Eigg Construction Limited. 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.

CIB Services

Chartered Accountants

63 Kenneth Street

Stornoway

Isle of Lewis

Western Isles

HS1 2DS

30 November 2018