Moray New Sight Ltd. - Accounts to registrar (filleted) - small 18.2

Moray New Sight Ltd. - Accounts to registrar (filleted) - small 18.2

MORAY NEW SIGHT LTD. - Company Information

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REGISTERED NUMBER: SC222710 (Scotland)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2018

FOR

MORAY NEW SIGHT LTD.
MORAY NEW SIGHT LTD. (REGISTERED NUMBER: SC222710)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2018




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


MORAY NEW SIGHT LTD.

COMPANY INFORMATION
for the Year Ended 31 August 2018







DIRECTOR: Dr A Adams





REGISTERED OFFICE: 3 Coates Place
Edinburgh
EH3 7AA





REGISTERED NUMBER: SC222710 (Scotland)





ACCOUNTANTS: James Fraser & Co.
Chartered Accountants
3 Coates Place
Edinburgh
EH3 7AA
Page 1
MORAY NEW SIGHT LTD. (REGISTERED NUMBER: SC222710)

ABRIDGED BALANCE SHEET
31 August 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 805 1,072

CURRENT ASSETS
Debtors 10,000 1
Cash at bank 10,568 6,808
20,568 6,809
CREDITORS
Amounts falling due within one year 6,570 5,035
NET CURRENT ASSETS 13,998 1,774
TOTAL ASSETS LESS CURRENT
LIABILITIES
14,803
2,846

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 14,703 2,746
SHAREHOLDERS' FUNDS 14,803 2,846

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

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 August 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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 21 December 2018 and were signed by:





Dr A Adams - Director


The notes form part of these financial statements

Page 2
MORAY NEW SIGHT LTD. (REGISTERED NUMBER: SC222710)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2018

1. STATUTORY INFORMATION

Moray New Sight 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.

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% reducing balance
Computer equipment - 25% reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2017
and 31 August 2018 5,513
DEPRECIATION
At 1 September 2017 4,441
Charge for year 267
At 31 August 2018 4,708
NET BOOK VALUE
At 31 August 2018 805
At 31 August 2017 1,072

Page 3