Company Registration No. SC477169 (Scotland)
LIAM WATSON LTD
Unaudited accounts
for the year ended 31 May 2017
LIAM WATSON LTD
Unaudited accounts
Contents
LIAM WATSON LTD
Company Information
for the year ended 31 May 2017
Company Number
SC477169 (Scotland)
Registered Office
9 Gordon Terrace
Invergordon
IV18 0BU
Accountants
S R SUTHERLAND LTD
14 BENVIEW ROAD
TAIN
IV19 1LW
LIAM WATSON LTD
Statement of financial position
as at 31 May 2017
Cash at bank and in hand
830
1,001
Creditors: amounts falling due within one year
(495)
(744)
Net current assets
335
257
Called up share capital
100
100
Profit and loss account
235
157
Shareholders' funds
335
257
For the year ending 31 May 2017 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 19 July 2017.
L Watson
Director
Company Registration No. SC477169
LIAM WATSON LTD
Notes to the Accounts
for the year ended 31 May 2017
LIAM WATSON LTD is a private company, limited by shares, registered in Scotland, registration number SC477169. The registered office and principal place of business is 9 Gordon Terrace, Invergordon, IV18 0BU.
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 May 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 June 2015.
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 represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
4
Creditors: amounts falling due within one year
2017
2016
Loans from directors
(4,037)
71
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
6
Average number of employees
During the year the average number of employees was 0 (2016: 0).
