Registered Number
:
SC
457208
|
For the year ended 31 August 2017
Scotland
Report of the Directors and Unaudited Financial Statements
For the year ended 31 August 2017
AFRICAN COUNCIL LTD
Contents Page
2
Directors' Report
3
Independent Accountant's Report
4
Income Statement
5
Other Comprehensive Income
6
Statement of Financial Position
7
Notes to the Financial Statements
For the year ended 31 August 2017
AFRICAN COUNCIL LTD
Company Information
Dr Philip Muinde
Directors
Mr Chimezie Umeh
Ms Mukami Irene Ndegwa McCrum
Dr Elimma Ezeani
Dr Mustafa Osman
SC457208
AMICABLE HOUSE
252 UNION STREET
ABERDEEN
AB10 1TN
A7 Accounting
Accountant
Chartered Management Accountants
Centurion Court
North Esplanade West
Aberdeen
AB11 5QH
Bank of Scotland plc
Bankers
(Treasurers Account)
P O Box 1000
BX2 1LB
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For the year ended 31 August 2017
AFRICAN COUNCIL LTD
Directors' Report
The directors present their report and accounts for the year ended 31 August 2017.
The principal activity of the company continued to be that of promoting interests of the African community in Scotland
Directors
The directors who served the company throughout the year were as follows:
Dr Philip Muinde
Mr Chimezie Umeh
Ms Mukami Irene Ndegwa McCrum
Dr Elimma Ezeani
Dr Mustafa Osman
Signed on behalf of the board of directors
This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
|
01 May 2018
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For the year ended 31 August 2017
AFRICAN COUNCIL LTD
Independent Accountant's Report
As described on the balance sheet you are responsible for the preparation of the financial statements for the year
|
ended
31
August
2017
and you consider that the company is exempt from an audit under the Companies Act
2006
.
|
In accordance with your instructions
,
we have compiled these unaudited financial statements in order to assist you to
|
fulfil your statutory responsibilities
,
from the accounting records and information and explanations supplied to us
.
|
A7 Accounting
Chartered Management Accountants
Centurion Court
North Esplanade West
Aberdeen
AB11 5QH
01 May 2018
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For the year ended 31 August 2017
AFRICAN COUNCIL LTD
Income Statement
2016
2017
-
-
-
Gross profit
-
(160)
(590)
Operating loss
(160)
(590)
(160)
(590)
Loss before taxation
(160)
Loss for the financial year
(590)
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For the year ended 31 August 2017
AFRICAN COUNCIL LTD
Other Comprehensive Income
2017
2016
(160)
(590)
Loss for the financial year
Total comprehensive income since last annual report
|
(160)
(590)
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AFRICAN COUNCIL LTD
Statement of Financial Position
2016
2017
916
Cash and cash equivalents
|
916
916
916
Trade and other payables
:
amounts falling due within one
|
year
|
-
(160)
2
916
756
Net current assets
Total assets less current liabilities
|
756
916
756
Net assets
916
756
916
756
916
Members' Funds
For the year ended 31 August 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 of its financial statements for the year ended 31 August 2017 in accordance with Section 476 of the Companies Act 2006
|
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
|
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
.
|
The financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
|
These financial statements were approved and authorised for issue by the Board on 01 May 2018 and were signed by:
|
The notes form part of these financial statements
|
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For the year ended 31 August 2017
AFRICAN COUNCIL LTD
Notes to the Financial Statements
Statutory Information
AFRICAN COUNCIL LTD is a private limited company
,
limited by guarantee
,
domiciled in Scotland
,
registration
|
number SC
457208
.
|
AMICABLE HOUSE
252 UNION STREET
ABERDEEN
AB10 1TN
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A of Financial
|
Reporting Standard
102
'
The Financial Reporting Standard applicable in the UK and Republic of Ireland
'
and the
|
Companies Act
2006
.
The financial statements have been prepared under the historical costs convention as
|
modified by the revaluation of certain assets
.
|
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
|
2
.
Trade and other payables
:
amounts falling due within one year
|
2016
2017
160
-
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