Company Registration No. SC394799 (Scotland)
3rd Horizons Limited
Unaudited accounts
for the year ended 31 March 2017
3rd Horizons Limited
Unaudited accounts
Contents
3rd Horizons Limited
Company Information
for the year ended 31 March 2017
Company Number
SC394799 (Scotland)
Accountants
Aird Sakol Ltd
8 Benview Road
Clarkston Toll
Glasgow
G76 7PP
3rd Horizons Limited
Statement of financial position
as at
31 March 2017
Tangible assets
2,222
1,578
Cash at bank and in hand
11,085
(3,657)
Creditors: amounts falling due within one year
(16,736)
(12,449)
Net current liabilities
(3,011)
(3,206)
Net liabilities
(789)
(1,628)
Called up share capital
1,000
1,000
Profit and loss account
(1,789)
(2,628)
Shareholders' funds
(789)
(1,628)
For the year ending 31 March 2017 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.
Approved by the Board on 16 August 2017.
R Rae
Director
Company Registration No. SC394799
3rd Horizons Limited
Notes to the Accounts
for the year ended 31 March 2017
3rd Horizons Limited is a private company, limited by shares, registered in Scotland, registration number SC394799.
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.
These financial statements for the year ended 31 March 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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:
Plant & machinery
15% reducing balance
Fixtures & fittings
15% reducing balance
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2016
2,485
264
2,749
At 31 March 2017
3,852
264
4,116
At 1 April 2016
1,045
126
1,171
Charge for the year
702
21
723
At 31 March 2017
1,747
147
1,894
At 31 March 2017
2,105
117
2,222
At 31 March 2016
1,440
138
1,578
3rd Horizons Limited
Notes to the Accounts
for the year ended 31 March 2017
Trade debtors
2,640
12,900
6
Creditors: amounts falling due within one year
2017
2016
Taxes and social security
17,423
13,759
Loans from directors
(1,707)
(2,332)
7
Average number of employees
During the year the average number of employees was 1 (2016: 1).