Orkney Science Festival - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: SC133038 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 March 2017

for

Orkney Science Festival

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

H N Firth

J J O A Gourlay

B S Wilson

W A Annal

G F M Bichan

Mrs P W Brown

SECRETARY:

H N Firth

REGISTERED OFFICE:

Oakbank

1 Linksfield Court

Elgin

Moray

IV30 5JB

REGISTERED NUMBER:

SC133038 (Scotland)

ACCOUNTANTS:

Foubister & Bain

4 Broad Street

Kirkwall

Orkney

KW15 1NX

FIXED ASSETS

824

Tangible assets

3

667

CURRENT ASSETS

7,229

Debtors

4

11,260

4,032

Cash at bank and in hand

13,127

11,261

24,387

CREDITORS

9,870

Amounts falling due within one year

5

25,051

1,391

NET CURRENT (LIABILITIES)/ASSETS

(664

)

2,215

TOTAL ASSETS LESS CURRENT LIABILITIES

3

RESERVES

2,215

Income and expenditure account

3

2,215

3

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 surplus or deficit 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.

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 13 December 2017 and were signed on its behalf by:

H N Firth - Director

1.	STATUTORY INFORMATION

Orkney Science Festival is a private company, limited by guarantee , 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.

Turnover

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office equipment - 25% reducing balance

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2016

and 31 March 2017

5,432

DEPRECIATION

At 1 April 2016

4,608

Charge for year

157

At 31 March 2017

4,765

NET BOOK VALUE

At 31 March 2017

667

At 31 March 2016

824

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other debtors

11,260

7,229

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

5,051

9,870

Other creditors

20,000

-

25,051

9,870