Company Registration No. SC260490 (Scotland)
Saltire Business Solutions Limited
Unaudited accounts
for the year ended 31 December 2020
Saltire Business Solutions Limited
Unaudited accounts
Contents
Saltire Business Solutions Limited
Company Information
for the year ended 31 December 2020
Directors
Mr Douglas Mundie
Mrs E Lesley Mundie
Company Number
SC260490 (Scotland)
Registered Office
14 Hepburn Gardens
St Andrews
Fife
KY16 9DD
Accountants
Keith Millican Corporate Support Limited
10 Lade Braes
St Andrews
Fife
KY16 9ET
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
Saltire Business Solutions Limited
for the year ended 31 December 2020
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Saltire Business Solutions Limited for the year ended
31 December 2020 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants of Scotland, we are subject to its ethical and other professional requirements which are detailed at https://www.icas.com/professional-resources/practice/support-and-guidance/framework-for-the-preparation-of-accounts-revised-january-2017.
Our work has been undertaken in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at https://www.icas.com/professional-resources/practice/support-and-guidance/framework-for-the-preparation-of-accounts-revised-january-2017.
Keith Millican Corporate Support Limited
Chartered Accountants
10 Lade Braes
St Andrews
Fife
KY16 9ET
11 January 2021
Saltire Business Solutions Limited
Statement of financial position
as at
31 December 2020
Cash at bank and in hand
35,858
17,952
Creditors: amounts falling due within one year
(15,031)
(10,904)
Net current assets
23,707
7,048
Called up share capital
100
100
Profit and loss account
23,607
6,948
Shareholders' funds
23,707
7,048
For the year ending 31 December 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 11 January 2021 and were signed on its behalf by
Mr Douglas Mundie
Director
Company Registration No. SC260490
Saltire Business Solutions Limited
Notes to the Accounts
for the year ended 31 December 2020
Saltire Business Solutions Limited is a private company, limited by shares, registered in Scotland, registration number SC260490. The registered office is 14 Hepburn Gardens, St Andrews, Fife, KY16 9DD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of work carried out in respect of services provided to customers.
5
Creditors: amounts falling due within one year
2020
2019
Taxes and social security
13,062
3,154
Other creditors
360
1,015
Loans from directors
321
5,447
6
Share capital
2020
2019
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
7
Transactions with related parties
During the year, the company received a loan amounting to £321 (2019:£5,447) from the Directors. The loan is to be repaid on demand and the rate of interest charged is 0%. At the balance sheet date, the loan was still outstanding and is presented within creditors: amounts falling due within one year.
The company is controlled by the Directors who own 100% of the called up share capital
Saltire Business Solutions Limited
Notes to the Accounts
for the year ended 31 December 2020
9
Average number of employees
During the year the average number of employees was 0 (2019: 0).