Idrigil Limited - Accounts to registrar (filleted) - small 18.2

Unaudited Financial Statements

for the Period 13 November 2017 to 30 November 2018

for

Idrigil Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J Rea

Mrs F Rea

REGISTERED OFFICE:

2 Melville Street

Falkirk

FK1 1HZ

REGISTERED NUMBER:

SC105809 (Scotland)

ACCOUNTANTS:

Ian Macfarlane & Co.

Chartered Accountants

2 Melville Street

Falkirk

FK1 1HZ

FIXED ASSETS

Intangible assets

4

1

1

Tangible assets

5

19,502

17,924

19,503

17,925

CURRENT ASSETS

Stocks

6,455

5,402

Cash at bank and in hand

16,523

519

22,978

5,921

CREDITORS

Amounts falling due within one year

6

32,565

23,439

NET CURRENT LIABILITIES

(9,587

)

(17,518

)

TOTAL ASSETS LESS CURRENT LIABILITIES

9,916

407

CAPITAL AND RESERVES

Called up share capital

7

200

200

Retained earnings

9,716

207

SHAREHOLDERS' FUNDS

9,916

407

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 November 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 November 2018 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 21 August 2019 and were signed on its behalf by:

J Rea - Director

1.	STATUTORY INFORMATION

Idrigil Limited is a private company, limited by shares , registered in Scotland. The company's registered number

and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

Goodwill is being written off evenly over the next twenty years, being its expected useful life.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance, 15% on reducing balance and 10% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Taxation

Taxation for the period 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 9 (2017 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 13 November 2017

and 30 November 2018

100,000

AMORTISATION

At 13 November 2017

and 30 November 2018

99,999

NET BOOK VALUE

At 30 November 2018

1

At 12 November 2017

1

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 13 November 2017

107,510

Additions

7,000

At 30 November 2018

114,510

DEPRECIATION

At 13 November 2017

89,586

Charge for period

5,422

At 30 November 2018

95,008

NET BOOK VALUE

At 30 November 2018

19,502

At 12 November 2017

17,924

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.18

12.11.17

£

£

Bank loans and overdrafts

-

1,526

Trade creditors

999

1,514

Taxation and social security

18,728

9,688

Other creditors

12,838

10,711

32,565

23,439

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.18

12.11.17

value:

£

£

200

Ordinary

£1

200

200