INTERSCOT NETWORK LTD. Accounts filed on 31-07-2014

INTERSCOT NETWORK LTD. - Company Information

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INTERSCOT NETWORK LTD.

Company Registration Number:
SC209567 (Scotland)

Abbreviated (Unaudited) Accounts

Period of accounts

Start date: 01st August 2013

End date: 31st July 2014

SUBMITTED

Company Information
for the Period Ended 31st July 2014

Director:		C N Maxwell
		R M Osborne



Company secretary:		S J E Tuvey



Registered office:		272 Bath Street


		Glasgow

		G2 4JR




Company Registration Number:		SC209567 (Scotland)

Abbreviated Balance sheet
As at 31st July 2014

	Notes	2014 £	2013 £
Fixed assets
Tangible assets:	4	704	1,043
Total fixed assets:		704	1,043
Current assets
Debtors:	5	1,964	1,282
Cash at bank and in hand:		12,212	10,402
Total current assets:		14,176	11,684
Creditors
Creditors: amounts falling due within one year	6	13,540	10,065
Net current assets (liabilities):		636	1,619
Total assets less current liabilities:		1,340	2,662
Total net assets (liabilities):		1,340	2,662

The notes form part of these financial statements

Abbreviated Balance sheet
As at 31st July 2014
continued

	Notes	2014 £	2013 £
Capital and reserves
Called up share capital:	7	100	100
Profit and Loss account:		1,240	2,562
Total shareholders funds:		1,340	2,662

For the year ending 31 July 2014 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

The financial statements were approved by the Board of Directors on 02 April 2015

SIGNED ON BEHALF OF THE BOARD BY:

Name: C N Maxwell
Status: Director

The notes form part of these financial statements

Notes to the Abbreviated Accounts
for the Period Ended 31st July 2014

1. Accounting policies

Basis of measurement and preparation of accounts

The financial statements are prepared under the historical cost convention as modified by the revaluation of certain fixed assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover policy

Turnover represents revenue recognized by the company in respect of goods and services supplied during the year.

Tangible fixed assets depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life as follows: Equipment and furniture at 25% on a reducing balance basis

Other accounting policies

Assets and liabilities in foreign currencies are translated into sterling at rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit for the year.

Notes to the Abbreviated Accounts
for the Period Ended 31st July 2014

4. Tangible assets

	Total
Cost	£
At 01st August 2013:	3,152
Additions:	94
Disposals:	571
At 31st July 2014:	2,675
Depreciation
At 01st August 2013:	2,109
Charge for year:	235
On disposals:	373
At 31st July 2014:	1,971
Net book value
At 31st July 2014:	704
At 31st July 2013:	1,043

Notes to the Abbreviated Accounts
for the Period Ended 31st July 2014

5. Debtors

	2014 £	2013 £
Trade debtors:	648	452
Other debtors:	1,316	830
Total:	1,964	1,282

Notes to the Abbreviated Accounts
for the Period Ended 31st July 2014

6. Creditors: amounts falling due within one year

	2014 £	2013 £
Trade creditors:	187	104
Other creditors:	13,353	9,961
Total:	13,540	10,065

Notes to the Abbreviated Accounts
for the Period Ended 31st July 2014

7. Called up share capital

Allotted, called up and paid

Previous period			2013
Class	Number of shares	Nominal value per share	Total
Ordinary shares:	100	1.00 1.00	100
Total share capital:			100

Current period			2014
Class	Number of shares	Nominal value per share	Total
Ordinary shares:	100	1.00 1.00	100
Total share capital:			100

Notes to the Abbreviated Accounts
for the Period Ended 31st July 2014

9. Related party disclosures

Name of the ultimate controlling party during the period:	C N Maxwell
Name of related party:	C N Maxwell
Relationship:	Director
Description of the transaction:	Loan from director
Balance at 01st August 2013	1,255
Balance at 31st July 2014	5,955

INTERSCOT NETWORK LTD. Accounts filed on 31-07-2014