Caithness & North Sutherland Fund - Accounts to registrar (filleted) - small 18.2
Caithness & North Sutherland Fund - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
Financial Statements for the Year Ended 31 March 2018 |
for |
Caithness & North Sutherland Fund |
Caithness & North Sutherland Fund (Registered number: SC398443) |
Contents of the Financial Statements |
for the Year Ended 31 March 2018 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Caithness & North Sutherland Fund |
Company Information |
for the Year Ended 31 March 2018 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Statutory Auditors |
Chartered Accountants |
15 Princes Street |
Thurso |
Caithness |
KW14 7BQ |
Caithness & North Sutherland Fund (Registered number: SC398443) |
Balance Sheet |
31 March 2018 |
2018 | 2017 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
RESERVES |
Income and expenditure account |
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 |
Caithness & North Sutherland Fund (Registered number: SC398443) |
Notes to the Financial Statements |
for the Year Ended 31 March 2018 |
1. | STATUTORY INFORMATION |
Caithness & North Sutherland Fund is a |
registered number and registered office address can be found on the Company Information page. |
2. | ACCOUNTING POLICIES |
BASIS OF PREPARING THE FINANCIAL STATEMENTS |
TANGIBLE FIXED ASSETS |
Tangible fixed assets are initially recorded at cost. Depreciation is provided at the following annual rates in order to write |
off the cost less estimated residual value of each asset, over its estimated useful life (or if held under a finance lease, over |
the lease term, whichever is shorter): |
Office equipment | 15% reducing balance and 25% straight line |
HIRE PURCHASE AND LEASING COMMITMENTS |
Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease. |
GRANT AWARDS |
Grants payable to applicants are recognised in the profit and loss account in the year in which the board formally approve |
an award. Any such awards which remain unpaid at the year-end are included in creditors falling due within one year in the |
balance sheet. |
NDA FUNDING |
Funding due from the Nuclear Decommissioning Authority via DSRL is recognised as income in the profit and loss account |
in the year in which it is receivable. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
Caithness & North Sutherland Fund (Registered number: SC398443) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2018 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 April 2017 |
Additions |
Disposals | ( |
) |
At 31 March 2018 |
DEPRECIATION |
At 1 April 2017 |
Charge for year |
Eliminated on disposal | ( |
) |
At 31 March 2018 |
NET BOOK VALUE |
At 31 March 2018 |
At 31 March 2017 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Corporation tax |
Provision for grant awards |
Accrued expenses |
7. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
Caithness & North Sutherland Fund (Registered number: SC398443) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2018 |
8. | OTHER FINANCIAL COMMITMENTS |
The company has the following commitments under non-cancellable leases relating to land and buildings: |
2018 | 2017 |
£ | £ |
Within one year | 3,200 | 3,200 |
Over one year | 3,200 | 6,400 |
6,400 | 9,600 |
9. | APB ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES |
In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax |
authorities and assist with the preparation of the financial statements. |
10. | ULTIMATE CONTROLLING PARTY |
The company is under the control of the Board of Directors, who are responsible for determining grant awards. |
Representatives from NDA and DSRL are present during the award making process to assess whether the grant awards are |
in accordance with the policy of the fund. |