Livingstone & Partners Ltd. - Limited company accounts 18.1d

REGISTERED NUMBER: SC364792 (Scotland)

Report of the Director and

Unaudited Financial Statements for the Year Ended 31 August 2017

for

Livingstone & Partners Ltd.

Page

Company Information

1

Report of the Director

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTOR:

S Livingstone

SECRETARY:

REGISTERED OFFICE:

191 Station Road

Shotts

North Lanarkshire

ML7 4BA

REGISTERED NUMBER:

SC364792 (Scotland)

ACCOUNTANTS:

Williams & Company

191 Station Road

Shotts

North Lanarkshire

ML7 4BA

The director presents his report with the financial statements of the company for the year ended 31 August 2017.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of transport planning.

DIRECTOR

S Livingstone held office during the whole of the period from 1 September 2016 to the date of this
report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act

2006 relating to small companies.

ON BEHALF OF THE BOARD:

S Livingstone - Director

13 November 2017

TURNOVER

77,781

75,586

Cost of sales

10,758

13,092

GROSS PROFIT

67,023

62,494

Administrative expenses

42,908

37,384

OPERATING PROFIT and

PROFIT BEFORE TAXATION

24,115

25,110

Tax on profit

4,769

5,085

PROFIT FOR THE FINANCIAL YEAR

19,346

20,025

FIXED ASSETS

Tangible assets

5

709

945

CURRENT ASSETS

Debtors

6

6,774

7,100

Cash at bank

3,465

2,418

10,239

9,518

CREDITORS

Amounts falling due within one year

7

10,817

10,278

NET CURRENT LIABILITIES

(578

)

(760

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

131

185

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

31

85

131

185

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 13 November 2017 and were signed by:

S Livingstone - Director

1.	STATUTORY INFORMATION

Livingstone & Partners 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 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.

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.	OPERATING PROFIT

The operating profit is stated after charging:

31.8.17

31.8.16

£

Depreciation - owned assets

236

315

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2016

and 31 August 2017

10,059

DEPRECIATION

At 1 September 2016

9,114

Charge for year

236

At 31 August 2017

9,350

NET BOOK VALUE

At 31 August 2017

709

At 31 August 2016

945

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.17

31.8.16

£

Trade debtors

6,774

7,100

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.17

31.8.16

£

Taxation and social security

8,917

8,578

Other creditors

1,900

1,700

10,817

10,278