VERACITY LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016
Company Registration No. SC433967 (Scotland)
PAGES FOR FILING WITH REGISTRAR
VERACITY LIMITED
COMPANY INFORMATION
Directors
Mr David Corson B.Acc.,CA
Mr Garfield Collins BSc (Hons)
Mr Alastair McLeod BSc (Hons)
Secretary
Mr David Corson B.Acc.,CA
Company number
SC433967
Registered office
Prestwick International Aerospace Park
4 Dow Road
Monkton
Prestwick
Ayrshire
KA9 2TU
Accountants
William Duncan + Co
30 Miller Road
Ayr
Ayrshire
KA7 2AY
VERACITY LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2
VERACITY LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2016
31 December 2016
- 1 -
2016
2015
Notes
£
£
£
£
Current assets
Debtors
3
3
Creditors: amounts falling due within one year
-
-
Net current assets
3
3
Capital and reserves
Called up share capital
2
3
3
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 31 December 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
• The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
• The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The financial statements were approved by the board of directors and authorised for issue on 28 April 2017 and are signed on its behalf by:
Mr David Corson B.Acc.,CA
Mr Alastair McLeod BSc (Hons)
Director
Director
Company Registration No. SC433967
VERACITY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016
- 2 -
1
Accounting policies
Company information
Veracity Limited is a
private
company
limited by shares
incorporated in Scotland.
The registered office is
Prestwick International Aerospace Park, 4 Dow Road, Monkton, Prestwick, Ayrshire, KA9 2TU.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared on the historical cost convention. The principal accounting policies adopted are set out below.
2
Called up share capital
2016
2015
£
£
Ordinary share capital
Issued and fully paid
3 Ordinary Shares of £1 each
3
3