The Structural Partnership Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC123416 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

THE STRUCTURAL PARTNERSHIP LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Mackie

J Gass

I Donnachie

SECRETARY:

I Gass

REGISTERED OFFICE:

Victoria Chambers

142 West Nile Street

Glasgow

G1 2RQ

REGISTERED NUMBER:

SC123416 (Scotland)

ACCOUNTANTS:

Kean Jarman & Company

Chartered Accountants

27 Ingram Street

Glasgow

G1 1HA

BANKERS:

The Royal Bank of Scotland

23 Sauchiehall Street

Glasgow

G2 3AD

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

1,832

2,724

1,832

2,724

CURRENT ASSETS

Stocks

37,198

26,264

Debtors

6

68,045

157,520

Cash at bank and in hand

70,407

146,563

175,650

330,347

CREDITORS

Amounts falling due within one year

7

61,948

124,581

NET CURRENT ASSETS

113,702

205,766

TOTAL ASSETS LESS CURRENT LIABILITIES

115,534

208,490

CAPITAL AND RESERVES

Called up share capital

1,200

1,200

Retained earnings

114,334

207,290

SHAREHOLDERS' FUNDS

115,534

208,490

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 October 2018 and were signed on its behalf by:

S Mackie - Director

I Donnachie - Director

1.	STATUTORY INFORMATION

The Structural Partnership 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

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 8 (2017 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2017

and 31 March 2018

8,000

AMORTISATION

At 1 April 2017

and 31 March 2018

8,000

NET BOOK VALUE

At 31 March 2018

-

At 31 March 2017

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2017

and 31 March 2018

12,082

66,682

78,764

DEPRECIATION

At 1 April 2017

12,027

64,013

76,040

Charge for year

11

881

892

At 31 March 2018

12,038

64,894

76,932

NET BOOK VALUE

At 31 March 2018

44

1,788

1,832

At 31 March 2017

55

2,669

2,724

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade debtors

68,045

157,520

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Tax

19,388

38,361

Social security and other taxes

4,814

7,413

VAT

23,480

52,841

Directors' current accounts

100

100

Accrued expenses

14,166

25,866

61,948

124,581

8.	RELATED PARTY DISCLOSURES

The company pays rent to the directors of the company at a commercial rate of for the property at 142 West Nile

Street, Glasgow. At the year end there was no monies outstanding to either party.

Mr Mackie was owed £100 at the year end. This was the maximum amount outstanding at the year end.

9.	ULTIMATE CONTROLLING PARTY

Mr Iain Donnachie is deemed to be the ultimate controlling party by virtue of his shareholding in the parent

company The Structural Partnership Holdings Ltd.