Craiglovat Ltd - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: SC533315 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2018

for

Craiglovat Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Ms F M Macintyre

S Sutherland

REGISTERED OFFICE:

Amicable House

252 Union Street

Aberdeen

AB10 1TN

REGISTERED NUMBER:

SC533315 (Scotland)

ACCOUNTANTS:

Anne McLennan

Landfall

Findon

Portlethen

Aberdeenshire

AB12 3RL

FIXED ASSETS

Tangible assets

3

9,265

12,975

CURRENT ASSETS

Debtors

4

6,098

759

CREDITORS

Amounts falling due within one year

5

1,672

20,705

NET CURRENT ASSETS/(LIABILITIES)

4,426

(19,946

)

TOTAL ASSETS LESS CURRENT LIABILITIES

13,691

(6,971

)

PROVISIONS FOR LIABILITIES

1,760

-

NET ASSETS/(LIABILITIES)

11,931

(6,971

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

11,831

(7,071

)

SHAREHOLDERS' FUNDS

11,931

(6,971

)

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 17 December 2018 and were signed on its behalf by:

S Sutherland - Director

1.	STATUTORY INFORMATION

Craiglovat 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.

Plant and machinery etc

-

25% 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.

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2017

16,833

Additions

520

At 31 March 2018

17,353

DEPRECIATION

At 1 April 2017

3,858

Charge for year

4,230

At 31 March 2018

8,088

NET BOOK VALUE

At 31 March 2018

9,265

At 31 March 2017

12,975

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Other debtors

6,098

759

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Taxation and social security

1,074

-

Other creditors

598

20,705

1,672

20,705

6.	RELATED PARTY DISCLOSURES

Included in other debtors is an amount of £5,385 due by directors to the company (2017 - amount due by the

company to directors of £20,106). The loans are interest free and repayable on demand.

During the year the company rented a property from the directors.