Green Field Marquees Limited - Accounts to registrar (filleted) - small 18.2
Green Field Marquees Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 28 February 2019 |
| for |
| Green Field Marquees Limited |
| Green Field Marquees Limited (Registered number: SC263930) |
| Contents of the Financial Statements |
| for the Year Ended 28 February 2019 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Green Field Marquees Limited |
| Company Information |
| for the Year Ended 28 February 2019 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 6 Logie Mill |
| Edinburgh |
| Lothian |
| EH7 4HG |
| Green Field Marquees Limited (Registered number: SC263930) |
| Balance Sheet |
| 28 February 2019 |
| 28.2.19 | 28.2.18 |
| as restated |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 | 31,014 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | 7 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| SHAREHOLDERS' FUNDS |
| 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. |
| Green Field Marquees Limited (Registered number: SC263930) |
| Balance Sheet - continued |
| 28 February 2019 |
| In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
| The financial statements were approved by the Board of Directors on by: |
| Green Field Marquees Limited (Registered number: SC263930) |
| Notes to the Financial Statements |
| for the Year Ended 28 February 2019 |
| 1. | STATUTORY INFORMATION |
| Green Field Marquees Limited is a |
| registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for |
| estimated customer returns, rebates and other similar allowances. Turnover is recognised when the company |
| gains the right to consideration. |
| Tangible fixed assets |
| Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. Depreciation is |
| provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of |
| each asset on a straight line basis over its expected useful life, as follows: |
| Plant and machinery | - | 25% on cost |
| Fixtures and fittings | - | 25% on cost |
| Motor vehicles | - | 25% on cost |
| Computer equipment | - | 25% on cost |
| Residual value represents the estimated amount which would currently be obtained from disposal of an asset, |
| after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at |
| the end of its useful life. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and |
| Retained Earnings, 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. |
| Green Field Marquees Limited (Registered number: SC263930) |
| Notes to the Financial Statements - continued |
| for the Year Ended 28 February 2019 |
| 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. |
| Exemption from preparing a cash flow statement |
| Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a |
| small company. |
| Going concern basis |
| The accounts have been prepared on the going concern basis, the acceptability of which is dependent on the |
| continuing support of the directors and creditors. |
| Financial instruments |
| The company only has financial assets and financial liabilities of a kind that qualify as basic financial |
| instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured |
| at their settlement value. |
| Provisions |
| Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past |
| event, it is probable that the company will be required to settle that obligation and a reliable estimate can be |
| made of the amount of the obligation. |
| The amount recognised as a provision is the best estimate of the consideration required to settle the present |
| obligation at the balance sheet date, taking into account the risks and uncertainties surrounding the obligation. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Plant and | and | Motor | Computer |
| machinery | fittings | vehicles | equipment | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1 March 2018 |
| Additions |
| At 28 February 2019 |
| DEPRECIATION |
| At 1 March 2018 |
| Charge for year |
| At 28 February 2019 |
| NET BOOK VALUE |
| At 28 February 2019 |
| At 28 February 2018 |
| Green Field Marquees Limited (Registered number: SC263930) |
| Notes to the Financial Statements - continued |
| for the Year Ended 28 February 2019 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 28.2.19 | 28.2.18 |
| as restated |
| £ | £ |
| Trade debtors |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 28.2.19 | 28.2.18 |
| as restated |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 7. | PROVISIONS FOR LIABILITIES |
| 28.2.18 |
| as restated |
| £ |
| Deferred tax | 1,500 |
| Deferred |
| tax |
| £ |
| Balance at 1 March 2018 |
| Provided during year | ( |
) |
| Balance at 28 February 2019 | ( |
) |
| 8. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 28.2.19 | 28.2.18 |
| value: | as restated |
| £ | £ |
| Ordinary | £1 | 10,002 | 10,002 |
| Green Field Marquees Limited (Registered number: SC263930) |
| Notes to the Financial Statements - continued |
| for the Year Ended 28 February 2019 |
| 9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to directors subsisted during the years ended 28 February 2019 and |
| 28 February 2018: |
| 28.2.19 | 28.2.18 |
| as restated |
| £ | £ |
| Balance outstanding at start of year | ( |
) | ( |
) |
| Amounts advanced | ( |
) | ( |
) |
| Amounts repaid |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year | ( |
) | ( |
) |
| Balance outstanding at start of year | ( |
) | ( |
) |
| Amounts advanced | ( |
) | ( |
) |
| Amounts repaid |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year | ( |
) |
| Balance outstanding at start of year | ( |
) |
| Amounts advanced | ( |
) | ( |
) |
| Amounts repaid |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year | ( |
) |
| 10. | RELATED PARTY DISCLOSURES |
| During the year, total dividends of £29,517 (2018 - £70,308) were paid to the directors . |
Type of transaction |
Movement in the year ended 28.2.19 |
Movement in the year ended 28.2.18 |
Balance receivable from/(payable to) related party as at 28.2.19 |
Balance receivable from/(payable to) related party as at 28.2.18 |
| £ | £ | £ | £ |
| Directors | Rent | 15,544 | 15,624 | nil | nil |
| 11. | ULTIMATE CONTROLLING PARTY |
| The controlling party is M W Craig. |