The Structural Partnership Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC123416 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

FOR

THE STRUCTURAL PARTNERSHIP LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

I P Donnachie

SECRETARY:

I P Donnachie

REGISTERED OFFICE:

Victoria Chambers

142 West Nile Street

Glasgow

G1 2RQ

REGISTERED NUMBER:

SC123416 (Scotland)

ACCOUNTANTS:

Kean Jarman & Company

Chartered Accountants

27 Ingram Street

Glasgow

G1 1HA

BANKERS:

The Royal Bank of Scotland

23 Sauchiehall Street

Glasgow

G2 3AD

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

2,974

4,433

2,974

4,433

CURRENT ASSETS

Stocks

21,190

12,686

Debtors

6

65,928

116,370

Cash at bank and in hand

3,312

11,324

90,430

140,380

CREDITORS

Amounts falling due within one year

7

122,570

85,873

NET CURRENT (LIABILITIES)/ASSETS

(32,140

)

54,507

TOTAL ASSETS LESS CURRENT LIABILITIES

(29,166

)

58,940

CAPITAL AND RESERVES

Called up share capital

1,200

1,200

Retained earnings

(30,366

)

57,740

SHAREHOLDERS' FUNDS

(29,166

)

58,940

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 December 2021 and were signed by:

I P Donnachie - Director

1.	STATUTORY INFORMATION

The Structural Partnership 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.

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.

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2020 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2020

and 31 March 2021

8,000

AMORTISATION

At 1 April 2020

and 31 March 2021

8,000

NET BOOK VALUE

At 31 March 2021

-

At 31 March 2020

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2020

and 31 March 2021

12,082

72,058

84,140

DEPRECIATION

At 1 April 2020

12,054

67,653

79,707

Charge for year

5

1,454

1,459

At 31 March 2021

12,059

69,107

81,166

NET BOOK VALUE

At 31 March 2021

23

2,951

2,974

At 31 March 2020

28

4,405

4,433

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Trade debtors

65,928

116,370

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Tax

-

2,602

Social security and other taxes

11,551

20,779

VAT

100,014

55,754

Accrued expenses

11,005

6,738

122,570

85,873

8.	ULTIMATE CONTROLLING PARTY

Mr Iain Donnachie is deemed to be the ultimate controlling party by virtue of his shareholding in the parent company The Structural Partnership Holdings Ltd.