|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements |
|
for the Year Ended 31 March 2017 |
|
for |
|
Crimond Track Shop Limited |
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements |
|
for the Year Ended 31 March 2017 |
|
for |
|
Crimond Track Shop Limited |
Crimond Track Shop Limited (Registered number: SC245258) |
|
|
|
|
|
|
Contents of the Financial Statements |
for the Year Ended 31 March 2017 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Balance Sheet | 2 |
|
Notes to the Financial Statements | 3 |
|
Crimond Track Shop Limited |
|
Company Information |
for the Year Ended 31 March 2017 |
|
|
|
|
|
|
|
DIRECTORS: |
|
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
Accountants |
Glebefield House |
21 Links Terrace |
Peterhead |
Aberdeenshire |
AB42 2XA |
Crimond Track Shop Limited (Registered number: SC245258) |
|
Balance Sheet |
31 March 2017 |
|
31.3.17 | 31.3.16 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
|
|
|
CURRENT ASSETS |
Stocks |
|
|
Debtors | 5 |
|
|
Cash at bank |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 6 |
|
|
NET CURRENT ASSETS |
|
|
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CAPITAL AND RESERVES |
Called up share capital |
|
|
Retained earnings |
|
|
SHAREHOLDERS' FUNDS |
|
|
|
|
|
|
|
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. |
|
|
|
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
|
The financial statements were approved by the Board of Directors on
|
|
|
|
|
|
|
Crimond Track Shop Limited (Registered number: SC245258) |
|
Notes to the Financial Statements |
for the Year Ended 31 March 2017 |
|
1. | STATUTORY INFORMATION |
|
Crimond Track Shop Limited is a
|
number and registered office address can be found on the Company Information page. |
|
2. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
The financial statement for the period ended 31 March 2017 are the first financial statements that comply with FRS102 |
Section 1A small entities. The date of transition is 1 April 2016. The transition has resulted in a small number of changes in |
accounting policies to those used previously. |
|
Turnover |
Turnover represents amounts receivable for goods provided in the normal course of business. Revenue is recognised to the |
extent that it is probable that economic benefit will flow to the company and when its value can be measured with a |
sufficient degree of certainty and reliability. All income is recognised in the accounting period to which it relates. The |
company is not registered for VAT. |
|
Tangible fixed assets |
|
Plant and machinery | - |
|
Transponders | - |
|
|
Tangible fixed assets are included at cost less depreciation and impairment. The residual value is reassessed at the end of |
each accounting period. |
|
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving |
items. |
|
Taxation |
Taxation for the year comprises current 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 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. |
|
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
|
Financial instruments |
Basic financial instruments are recognised at amortised cost, except for investments in non convertible preference and non |
puttable ordinary shares which are measured at fair value with changes recognised in the profit and loss. Derivative |
financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in the profit and loss |
account. |
|
3. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was
|
Crimond Track Shop Limited (Registered number: SC245258) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2017 |
|
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery | Transponders | Totals |
£ | £ | £ |
COST |
At 1 April 2016 |
|
|
|
Additions |
|
|
|
At 31 March 2017 |
|
|
|
DEPRECIATION |
At 1 April 2016 |
|
|
|
Charge for year |
|
|
|
At 31 March 2017 |
|
|
|
NET BOOK VALUE |
At 31 March 2017 |
|
|
|
At 31 March 2016 |
|
|
|
|
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.17 | 31.3.16 |
£ | £ |
Other debtors |
|
|
|
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.17 | 31.3.16 |
£ | £ |
Other creditors |
|
|
|
7. | RELATED PARTY DISCLOSURES |
|
The director's remuneration of £460 represents payments made to Mr R.W. MacDonald for services provided in respect of |
the management and running of the shop. |
|
8. | ULTIMATE CONTROLLING PARTY |
|
The company is controlled by the director Mr R.W. MacDonald and Mr J.A. Riddell. |