Abbreviated Company Accounts - SCOTTISH OILS LIMITED

Abbreviated Company Accounts - SCOTTISH OILS LIMITED


Registered Number SC082310

SCOTTISH OILS LIMITED

Abbreviated Accounts

31 March 2016

SCOTTISH OILS LIMITED Registered Number SC082310

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Current assets
Debtors 1,237,334 1,237,334
1,237,334 1,237,334
Net current assets (liabilities) 1,237,334 1,237,334
Total assets less current liabilities 1,237,334 1,237,334
Total net assets (liabilities) 1,237,334 1,237,334
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,237,234 1,237,234
Shareholders' funds 1,237,334 1,237,334
  • For the year ending 31 March 2016 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.

Approved by the Board on 10 November 2016

And signed on their behalf by:
Steven Taylor, Director

SCOTTISH OILS LIMITED Registered Number SC082310

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The Company has elected to take advantage of the transitional relief available within FRS 102, whereby a dormant company may retain its accounting polices for reported assets, liabilities and equity until there is any change to those balances, or the company undertakes any new transactions.

The financial statements are prepared under the historical cost convention, and in accordance with the Companies Act 2006 and applicable accounting standards in the United Kingdom.