ARTICULARIS_LIMITED - Accounts

ARTICULARIS LIMITED - Company Information

Print Friendly Version

Company Registration No. SC374188 (Scotland)

ARTICULARIS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

ARTICULARIS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

ARTICULARIS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Investments

28,697

Current assets

Debtors

157,171

153,043

Cash at bank and in hand

432,694

354,363

589,865

507,406

Creditors: amounts falling due within one year

(20,348)

(37,304)

Net current assets

569,517

470,102

Total assets less current liabilities

569,518

498,799

Capital and reserves

Called up share capital

Profit and loss account

569,517

498,798

Shareholder's funds

569,518

498,799

For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 19 December 2016

Dr Richard Burnett

Director

Company Registration No. SC374188

ARTICULARIS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for services net of trade discounts.

1.4

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

Fixed assets

Investments

Cost

At 1 April 2015

28,697

Additions

Revaluation

(28,697)

At 31 March 2016

At 31 March 2015

28,697

Share capital

2016

2015

Allotted, called up and fully paid

1 Ordinary share of £1

Related party relationships and transactions

Loans to directors

Included in other debtors is a loan to the following director. The movement on this loan is as follows;

Description

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

Dr Richard Burnett

3.00

42,434

1,072

6,716

36,790

42,434

1,072

6,716

36,790