Robert Sinclair Marine Consultants Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: SC399420 (Scotland)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2017

FOR

ROBERT SINCLAIR MARINE CONSULTANTS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R Sinclair

Mrs H Sinclair

SECRETARY:

REGISTERED OFFICE:

Fordale House

Rathen

Fraserburgh

AB43 8UL

REGISTERED NUMBER:

SC399420 (Scotland)

ACCOUNTANTS:

Bon Accord Accountancy Limited

71 Charleston Road North

Cove

Aberdeen

Aberdeenshire

AB21 3SZ

FIXED ASSETS

Tangible assets

4

-

135

CURRENT ASSETS

Debtors

5

23,898

14,987

Cash at bank

76,765

115,536

100,663

130,523

CREDITORS

Amounts falling due within one year

6

6,814

10,951

NET CURRENT ASSETS

93,849

119,572

TOTAL ASSETS LESS CURRENT LIABILITIES

93,849

119,707

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

93,847

119,705

SHAREHOLDERS' FUNDS

93,849

119,707

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 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.

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 2 February 2018 and were signed on its behalf by:

R Sinclair - Director

1.	STATUTORY INFORMATION

Robert Sinclair Marine Consultants Ltd 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.

Turnover

Turnover represents gross invoiced sales of services, including value added tax.

Tangible fixed assets

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

Plant and machinery etc

-

33% on 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 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2016

and 31 May 2017

1,741

DEPRECIATION

At 1 June 2016

1,606

Charge for year

135

At 31 May 2017

1,741

NET BOOK VALUE

At 31 May 2017

-

At 31 May 2016

135

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.17

31.5.16

£

£

Trade debtors

20,167

14,874

Other debtors

3,731

113

23,898

14,987

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.17

31.5.16

£

£

Trade creditors

1,321

406

Taxation and social security

4,299

8,699

Other creditors

1,194

1,846

6,814

10,951