Stonehillsalt PR Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC517012 (Scotland)

Stonehillsalt PR Ltd

Unaudited Financial Statements

for the Year Ended 31 March 2018

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N J McCall

R E A Salt

REGISTERED OFFICE:

Glen Orchy

15 Glenorchy Road

North Berwick

East Lothian

EH39 4PE

REGISTERED NUMBER:

SC517012 (Scotland)

ACCOUNTANTS:

Whitelaw Wells

Glen Orchy

15 Glenorchy Road

North Berwick

EH39 4PE

FIXED ASSETS

Intangible assets

4

14,000

16,000

Tangible assets

5

756

1,515

14,756

17,515

CURRENT ASSETS

Stocks

7,000

6,700

Debtors

6

16,992

3,687

Cash at bank

137,750

104,663

161,742

115,050

CREDITORS

Amounts falling due within one year

7

54,769

58,006

NET CURRENT ASSETS

106,973

57,044

TOTAL ASSETS LESS CURRENT LIABILITIES

121,729

74,559

PROVISIONS FOR LIABILITIES

144

288

NET ASSETS

121,585

74,271

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

121,385

74,071

SHAREHOLDERS' FUNDS

121,585

74,271

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 3 October 2018 and were signed on its behalf by:

N J McCall - Director

R E A Salt - Director

1.	STATUTORY INFORMATION

Stonehillsalt PR 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 and revenue recognition

Turnover represents net invoiced of the provision of public relation services exclusive of value

added tax. Revenue is recognised on the point of completion of service.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five years.

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.

Plant and machinery etc

-

33% on cost

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.

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 (2017 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2017

and 31 March 2018

20,000

AMORTISATION

At 1 April 2017

4,000

Charge for year

2,000

At 31 March 2018

6,000

NET BOOK VALUE

At 31 March 2018

14,000

At 31 March 2017

16,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2017

and 31 March 2018

2,274

DEPRECIATION

At 1 April 2017

759

Charge for year

759

At 31 March 2018

1,518

NET BOOK VALUE

At 31 March 2018

756

At 31 March 2017

1,515

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

16,992

3,687

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

1,987

2,548

Taxation and social security

45,521

50,741

Other creditors

7,261

4,717

54,769

58,006

The directors' current accounts are unsecured, interest free and has no fixed repayment period.