Drummond Laurie Limited - Accounts to registrar (filleted) - small 18.2
Drummond Laurie Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 30 September 2018 |
| for |
| Drummond Laurie Limited |
| Drummond Laurie Limited (Registered number: SC460334) |
| Contents of the Financial Statements |
| for the Year Ended 30 September 2018 |
| Page |
| Balance Sheet | 1 |
| Notes to the Financial Statements | 3 |
| Drummond Laurie Limited (Registered number: SC460334) |
| Balance Sheet |
| 30 September 2018 |
| 30.9.18 | 30.9.17 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| The directors acknowledge their 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. |
| Drummond Laurie Limited (Registered number: SC460334) |
| Balance Sheet - continued |
| 30 September 2018 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors on |
| Mr D J Wheeler - Director | Mr I A G Bilsland - Director |
| Mrs M Jack - Director |
| Drummond Laurie Limited (Registered number: SC460334) |
| Notes to the Financial Statements |
| for the Year Ended 30 September 2018 |
| 1. | STATUTORY INFORMATION |
| Drummond Laurie Limited is a private company, limited by shares, domiciled in Scotland, registration number |
| SC460334. The registered office is Unit 5 Gateway Business Park, Beancross Road, Grangemouth, FK3 8WX. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents the fair value of professional services provided during the year to clients. Turnover is |
| recognised as contract activity and the right to consideration earned. Fair value reflects the amount expected to |
| be recoverable from clients and is based on time spent, skills and expertise provided, excluding VAT. Turnover |
| which has been recognised but not invoiced by the balance sheet date is included within debtors. |
| Tangible fixed assets and depreciation |
| Improvements to property | - |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Computer equipment | - |
| Tangible fixed assets are stated at cost less depreciation. Cost represents purchase price together with any |
| incidental costs of acquisition. |
| The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all |
| tangible fixed assets are depreciated to nil value. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to |
| the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
| substantively enacted by the balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from |
| those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that |
| have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the |
| timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they |
| will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
| lease. |
| Drummond Laurie Limited (Registered number: SC460334) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 September 2018 |
| 2. | ACCOUNTING POLICIES - continued |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
| scheme are charged to profit or loss in the period to which they relate. |
| Provisions |
| Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is |
| probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably |
| estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time |
| value of money is material. |
| Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is |
| determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of |
| an outflow with respect to any one item included in the same class of obligations may be small. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Improvements | Fixtures |
| to | Plant and | and | Computer |
| property | machinery | fittings | equipment | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1 October 2017 |
| Additions |
| At 30 September 2018 |
| DEPRECIATION |
| At 1 October 2017 |
| Charge for year |
| At 30 September 2018 |
| NET BOOK VALUE |
| At 30 September 2018 |
| At 30 September 2017 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.9.18 | 30.9.17 |
| £ | £ |
| Trade debtors |
| Amounts recoverable on contract |
| Other debtors |
| Drummond Laurie Limited (Registered number: SC460334) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 September 2018 |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.9.18 | 30.9.17 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |