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Abbreviated Unaudited Accounts for the Year Ended 31 July 2015 |
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Lights Scotland Ltd |
REGISTERED NUMBER:
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Abbreviated Unaudited Accounts for the Year Ended 31 July 2015 |
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for |
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Lights Scotland Ltd |
Lights Scotland Ltd (Registered number: SC454120) |
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Contents of the Abbreviated Accounts |
for the Year Ended 31 July 2015 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 3 |
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Chartered Accountants' Report | 5 |
Lights Scotland Ltd |
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Company Information |
for the Year Ended 31 July 2015 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
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Lights Scotland Ltd (Registered number: SC454120) |
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Abbreviated Balance Sheet |
31 July 2015 |
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31.7.15 | 31.7.14 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 3 |
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Profit and loss account | ( |
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SHAREHOLDERS' FUNDS | ( |
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The director acknowledges her 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. |
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The financial statements were approved by the director on
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Lights Scotland Ltd (Registered number: SC454120) |
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Notes to the Abbreviated Accounts |
for the Year Ended 31 July 2015 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the |
Financial Reporting Standard for Smaller Entities (effective April 2008). |
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Turnover |
Turnover represents net invoiced sales of goods, excluding value added tax. |
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Turnover is stated net of VAT and trade discounts. Turnover from the sale of goods is recognised when the |
goods are physically delivered to the customer. Commission from goods or services sold on behalf of third |
parties is recognised when there is a right to consideration and is recorded at the value of the consideration due. |
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Tangible fixed assets |
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Plant and machinery etc | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and |
slow moving items. |
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Deferred tax |
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods |
different from those in which they are included in the company's accounts. Deferred tax is recognised in respect |
of all timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax |
rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. |
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Deferred tax assets and liabilities are not discounted. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the |
period of the lease. |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 August 2014 |
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Additions |
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At 31 July 2015 |
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DEPRECIATION |
At 1 August 2014 |
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Charge for year |
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At 31 July 2015 |
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NET BOOK VALUE |
At 31 July 2015 |
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At 31 July 2014 |
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3. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.7.15 | 31.7.14 |
value: | £ | £ |
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Ordinary shares | 1 |
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Lights Scotland Ltd (Registered number: SC454120) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 July 2015 |
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4. | ULTIMATE CONTROLLING PARTY |
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The controlling party is
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5. | GOING CONCERN |
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At 31 July 2015 the company had net liabilities of £9,225 (2014 - £3,229) and net current liabilities of £11,921 |
(2014 - £4,355) and is reliant on the support of Mrs H Koops, Director. At 31 July 2015 £19,836 (2014 - £2,063) |
was due to Mrs H Koops. The director does not intend to withdraw her financial support in the foreseeable future. |
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It is therefore considered appropriate to prepare the financial statements on a going concern basis. |
Chartered Accountants' Report to the Director |
on the Unaudited Financial Statements of |
Lights Scotland Ltd |
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The following reproduces the text of the report prepared for the director in respect of the company's annual |
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to four) |
have been prepared. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
financial statements of Lights Scotland Ltd for the year ended 31 July 2015 which comprise the Profit and Loss Account, |
the Balance Sheet, and the related notes from the company's accounting records and from information and explanations |
you have given us. |
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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 http://www.icas.org.uk/accountspreparationguidance. |
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This report is made solely to the director of Lights Scotland Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Lights Scotland Ltd and state those matters that we have agreed to state to the director of Lights Scotland Ltd in this report in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at http://www.icas.org.uk/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report. |
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It is your duty to ensure that Lights Scotland Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Lights Scotland Ltd. You consider that Lights Scotland Ltd is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of Lights Scotland Ltd. For this |
reason, we have not verified the accuracy or completeness of the accounting records or information and explanations |
you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
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Chartered Accountants |
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12 January 2016 |