Squiz (Scotland) Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: SC358802 (Scotland)

Unaudited Financial Statements

for the Year Ended 30 June 2017

for

Squiz (Scotland) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S A Morgan

S M Barker

SECRETARY:

M Luton

REGISTERED OFFICE:

57 - 59 High Street

Edinburgh

EH1 1SR

REGISTERED NUMBER:

SC358802 (Scotland)

ACCOUNTANTS:

Hughes Spencer

The Stables

Stansted Park

Rowlands Castle

Havant

Hampshire

PO9 6DX

FIXED ASSETS

Tangible assets

4

7,396

10,636

CURRENT ASSETS

Debtors

5

279,307

149,459

Cash at bank and in hand

230,616

133,053

509,923

282,512

CREDITORS

Amounts falling due within one year

6

291,816

216,569

NET CURRENT ASSETS

218,107

65,943

TOTAL ASSETS LESS CURRENT LIABILITIES

225,503

76,579

PROVISIONS FOR LIABILITIES

1,114

-

NET ASSETS

224,389

76,579

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

224,289

76,479

SHAREHOLDERS' FUNDS

224,389

76,579

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 27 March 2018 and were signed on its behalf by:

S M Barker - Director

1.	STATUTORY INFORMATION

Squiz (Scotland) 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.

Turnover

Turnover represents the value of services provided under contracts to the extent that there is a right to

consideration and is recorded at the value of consideration due.

Where a contract has only been partially completed at the balance sheet date, turnover represents the value of the

service provided to date based on a proportion of the total expected consideration at completion. Where

payments are received from customers in advance of services provided, the amounts are recorded as deferred

income and included as part of creditors due within one year.

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

-

33.33% on cost and at varying rates 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2016

and 30 June 2017

19,366

DEPRECIATION

At 1 July 2016

8,730

Charge for year

3,240

At 30 June 2017

11,970

NET BOOK VALUE

At 30 June 2017

7,396

At 30 June 2016

10,636

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

126,258

77,730

Other debtors

153,049

71,729

279,307

149,459

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

1,070

1,100

Taxation and social security

75,173

43,572

Other creditors

215,573

171,897

291,816

216,569

7.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Squiz Pty Limited.