Fertalx Limited - Accounts to registrar - small 17.1.1

Fertalx Limited - Accounts to registrar - small 17.1.1


IRIS Accounts Productionv17.1.1.60SC087237Board of DirectorsBoard of Directors1.1.1631.12.1631.12.16falsetruefalsefalsetruefalseiso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSC0872372015-12-31SC0872372016-12-31SC0872372016-01-012016-12-31SC0872372014-12-31SC0872372015-01-012015-12-31SC0872372015-12-31SC087237ns15:Scotland2016-01-012016-12-31SC087237ns14:PoundSterling2016-01-012016-12-31SC087237ns10:Director12016-01-012016-12-31SC087237ns10:Director22016-01-012016-12-31SC087237ns10:PrivateLimitedCompanyLtd2016-01-012016-12-31SC087237ns10:SmallEntities2016-01-012016-12-31SC087237ns10:AuditExempt-NoAccountantsReport2016-01-012016-12-31SC087237ns10:SmallCompaniesRegimeForDirectorsReport2016-01-012016-12-31SC087237ns10:SmallCompaniesRegimeForAccounts2016-01-012016-12-31SC087237ns10:FullAccounts2016-01-012016-12-31SC087237ns10:CompanySecretary12016-01-012016-12-31SC087237ns10:RegisteredOffice2016-01-012016-12-31SC087237ns5:CurrentFinancialInstruments2016-12-31SC087237ns5:CurrentFinancialInstruments2015-12-31SC087237ns5:ShareCapital2016-12-31SC087237ns5:ShareCapital2015-12-31SC087237ns5:RevaluationReserve2016-12-31SC087237ns5:RevaluationReserve2015-12-31SC087237ns5:RetainedEarningsAccumulatedLosses2016-12-31SC087237ns5:RetainedEarningsAccumulatedLosses2015-12-31SC087237ns5:LandBuildingsns5:OwnedOrFreeholdAssets2016-01-012016-12-31SC087237ns5:LandBuildings2015-12-31SC087237ns5:LandBuildings2016-12-31SC087237ns5:LandBuildings2015-12-31SC087237ns5:DeferredTaxation2015-12-31SC087237ns5:DeferredTaxation2016-01-012016-12-31SC087237ns5:DeferredTaxation2016-12-31SC087237ns5:RevaluationReserve2015-12-31


REGISTERED NUMBER: SC087237(Scotland)















Unaudited Financial Statements for the Year Ended 31 December 2016

for

Fertalx Limited

Fertalx Limited (Registered number: SC087237)






Contents of the Financial Statements
for the Year Ended 31 December 2016




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Fertalx Limited

Company Information
for the Year Ended 31 December 2016







DIRECTORS: Samuel Kingsley
Anthony Caplan





SECRETARY: Anthony Caplan





REGISTERED OFFICE: 10 Kenmure Road
Whitecraigs
Glasgow
G46 6TU





REGISTERED NUMBER: SC087237(Scotland)





ACCOUNTANTS: Stevenson & Kyles
Chartered Accountants
25 Sandyford Place
Glasgow
G3 7NG

Fertalx Limited (Registered number: SC087237)

Balance Sheet
31 December 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 375,000 375,000

CURRENT ASSETS
Debtors 4 2,699 -
Cash at bank 48,281 208,441
50,980 208,441
CREDITORS
Amounts falling due within one year 5 15,583 186,422
NET CURRENT ASSETS 35,397 22,019
TOTAL ASSETS LESS CURRENT
LIABILITIES

410,397

397,019

PROVISIONS FOR LIABILITIES 6 7,006 8,913
NET ASSETS 403,391 388,106

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 7 226,384 226,384
Retained earnings 176,907 161,622
SHAREHOLDERS' FUNDS 403,391 388,106

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006.

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.

Fertalx Limited (Registered number: SC087237)

Balance Sheet - continued
31 December 2016


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the Board of Directors on 10 May 2017and were signed on its
behalf by:




Samuel Kingsley- Director



Anthony Caplan- Director


Fertalx Limited (Registered number: SC087237)

Notes to the Financial Statements
for the Year Ended 31 December 2016

1. STATUTORY INFORMATION

Fertalx 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding
discounts, rebates, value added tax and other sales taxes.

Heritable properties
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Heritable properties - not provided

The company's property has not been valued annually in accordance with Statement of Standard
Accounting Practice No. 19. The directors are of the opinion that the costs of obtaining professional
external valuations are not justified and accordingly Heritable property is shown at historical cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,
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 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.

Fertalx Limited (Registered number: SC087237)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

3. TANGIBLE FIXED ASSETS
Heritable
properties
£   
COST OR VALUATION
At 1 January 2016
and 31 December 2016 375,000
NET BOOK VALUE
At 31 December 2016 375,000
At 31 December 2015 375,000

Cost or valuation at 31 December 2016 is represented by:

Heritable
properties
£   
Valuation in 2005 226,384
Cost 148,616
375,000

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Sundry debtors 2,699 -

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Taxation 5,595 5,425
Directors' loan accounts 6,750 135,000
Accrued charges 988 997
Other creditors 2,250 45,000
15,583 186,422

6. PROVISIONS FOR LIABILITIES
2016 2015
£    £   
Deferred tax 7,006 8,913

Fertalx Limited (Registered number: SC087237)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

6. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 January 2016 8,913
Credit to Income Statement during year (1,907 )
Balance at 31 December 2016 7,006

The deferred taxation represents the potential tax due on the future sale of properties.

7. RESERVES
Revaluation
reserve
£   
At 1 January 2016
and 31 December 2016 226,384

8. ULTIMATE CONTROLLING PARTY

The company was under the control of the directors Anthony Caplan and Samuel Kingsley. They own 75% of the share capital.