Company Registration No. SC506446 (Scotland)
Fordcowan Limited
Unaudited accounts
for the year ended 31 May 2021
Fordcowan Limited
Unaudited accounts
Contents
Fordcowan Limited
Company Information
for the year ended 31 May 2021
Company Number
SC506446 (Scotland)
Registered Office
94 OCHILTREE
DUNBLANE
STIRLINGSHIRE
FK15 0DF
SCOTLAND
Fordcowan Limited
Statement of financial position
as at
31 May 2021
Tangible assets
353
1,494
Cash at bank and in hand
33,172
28,523
Creditors: amounts falling due within one year
(10,038)
(21,787)
Net current assets
24,233
6,736
Total assets less current liabilities
24,586
8,230
Creditors: amounts falling due after more than one year
(18,333)
-
Called up share capital
1
1
Profit and loss account
6,252
8,229
Shareholders' funds
6,253
8,230
For the year ending 31 May 2021 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 her 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 28 February 2022 and were signed on its behalf by
Helen Cowan
Director
Company Registration No. SC506446
Fordcowan Limited
Notes to the Accounts
for the year ended 31 May 2021
Fordcowan Limited is a private company, limited by shares, registered in Scotland, registration number SC506446. The registered office is 94 OCHILTREE, DUNBLANE, STIRLINGSHIRE, FK15 0DF, SCOTLAND.
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:
Computer equipment
33% Straight line
4
Tangible fixed assets
Computer equipment
Cost or valuation
At cost
Charge for the year
1,141
5
Debtors: amounts falling due within one year
2021
2020
Fordcowan Limited
Notes to the Accounts
for the year ended 31 May 2021
6
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
3,667
-
Taxes and social security
4,950
19,369
Loans from directors
1,421
2,418
7
Creditors: amounts falling due after more than one year
2021
2020
8
Average number of employees
During the year the average number of employees was 0 (2020: 1).