Company Registration No. SC340987 (Scotland)
Ainslie Contracting Limited
Unaudited accounts
for the year ended 31 December 2019
Ainslie Contracting Limited
Unaudited accounts
Contents
Ainslie Contracting Limited
Company Information
for the year ended 31 December 2019
Company Number
SC340987 (Scotland)
Registered Office
5 TRAPRAIN TERRACE
HADDINGTON
EAST LOTHIAN
EH41 3QD
Ainslie Contracting Limited
Statement of financial position
as at
31 December 2019
Cash at bank and in hand
48,612
Creditors: amounts falling due within one year
(92,797)
Net current liabilities
(19,185)
Called up share capital
2
Profit and loss account
(2,897)
Shareholders' funds
(2,895)
For the year ending 31 December 2019 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 director acknowledges his 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 and authorised for issue on 23 September 2020 and were signed on its behalf by
Robert Ainslie
Director
Company Registration No. SC340987
Ainslie Contracting Limited
Notes to the Accounts
for the year ended 31 December 2019
Ainslie Contracting Limited is a private company, limited by shares, registered in Scotland, registration number SC340987. The registered office is 5 TRAPRAIN TERRACE, HADDINGTON, EAST LOTHIAN, EH41 3QD.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2019
8,537
27,099
5,102
40,738
Additions
-
10,817
-
10,817
At 31 December 2019
8,537
37,916
5,102
51,555
At 1 January 2019
7,463
19,270
4,460
31,193
Charge for the year
215
3,729
128
4,072
At 31 December 2019
7,678
22,999
4,588
35,265
At 31 December 2019
859
14,917
514
16,290
Ainslie Contracting Limited
Notes to the Accounts
for the year ended 31 December 2019
6
Creditors: amounts falling due within one year
2019
Taxes and social security
11,845
Loans from directors
77,075
7
Average number of employees
During the year the average number of employees was 0.