Company Registration No. SC488228 (Scotland)
Turf & Amenity Solutions Company Ltd
Unaudited accounts
for the year ended 31 December 2016
Turf & Amenity Solutions Company Ltd
Unaudited accounts
Contents
Turf & Amenity Solutions Company Ltd
Company Information
for the year ended 31 December 2016
Director
Mr Kenneth Liddell
Company Number
SC488228 (Scotland)
Registered Office
22 Kirkcroft Brae Liff
Dundee
DD2 5RT
Scotland
Accountants
Omni Edge Ltd
Unit 23 Frankley Industrial Estate
Tay Road
B45 0LD
Turf & Amenity Solutions Company Ltd
Statement of financial position
as at 31 December 2016
Tangible assets
12,880
18,044
Cash at bank and in hand
21,813
19,719
Creditors: amounts falling due within one year
(78,160)
(41,478)
Net current assets/(liabilities)
13,052
(1,995)
Total assets less current liabilities
25,932
16,049
Creditors: amounts falling due after more than one year
(9,706)
(14,106)
Called up share capital
100
100
Profit and loss account
16,126
1,843
Shareholders' funds
16,226
1,943
For the year ending 31 December 2016 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 6 July 2017.
Mr Kenneth Liddell
Director
Company Registration No. SC488228
Turf & Amenity Solutions Company Ltd
Notes to the Accounts
for the year ended 31 December 2016
Turf & Amenity Solutions Company Ltd is a private company, limited by shares, registered in Scotland, registration number SC488228. The registered office and principal place of business is 22 Kirkcroft Brae Liff, Dundee, DD2 5RT, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 December 2016 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 2016.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% Straight Line
Computer equipment
20% Straight Line
Turf & Amenity Solutions Company Ltd
Notes to the Accounts
for the year ended 31 December 2016
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2016
22,444
1,514
23,958
At 31 December 2016
22,444
2,347
24,791
At 1 January 2016
5,611
303
5,914
Charge for the year
5,611
386
5,997
At 31 December 2016
11,222
689
11,911
At 31 December 2016
11,222
1,658
12,880
At 31 December 2015
16,833
1,211
18,044
Finished goods
5,721
1,800
Trade debtors
63,678
17,964
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Creditors: amounts falling due within one year
2016
2015
Obligations under finance leases and hire purchase contracts
4,084
4,084
Trade creditors
46,503
27,316
Corporation tax
14,711
7,024
Other taxes and social security costs
4,404
996
Loans from directors
897
-
8
Creditors: amounts falling due after more than one year
2016
2015
Obligations under finance leases and hire purchase contracts
9,706
14,106
9
Average number of employees
During the year the average number of employees was 1 (2015: 1).
