Ann Nisbet Ltd - Accounts to registrar (filleted) - small 18.2

Ann Nisbet Ltd - Accounts to registrar (filleted) - small 18.2


IRIS Accounts Production v18.3.0.592 SC456443 director 1.4.17 31.3.18 31.3.18 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSC4564432017-03-31SC4564432018-03-31SC4564432017-04-012018-03-31SC4564432016-03-31SC4564432016-04-012017-03-31SC4564432017-03-31SC456443ns15:Scotland2017-04-012018-03-31SC456443ns14:PoundSterling2017-04-012018-03-31SC456443ns10:Director12017-04-012018-03-31SC456443ns10:PrivateLimitedCompanyLtd2017-04-012018-03-31SC456443ns10:SmallEntities2017-04-012018-03-31SC456443ns10:AuditExempt-NoAccountantsReport2017-04-012018-03-31SC456443ns10:SmallCompaniesRegimeForDirectorsReport2017-04-012018-03-31SC456443ns10:SmallCompaniesRegimeForAccounts2017-04-012018-03-31SC456443ns10:FullAccounts2017-04-012018-03-31SC456443ns10:RegisteredOffice2017-04-012018-03-31SC456443ns5:CurrentFinancialInstruments2018-03-31SC456443ns5:CurrentFinancialInstruments2017-03-31SC456443ns5:ShareCapital2018-03-31SC456443ns5:ShareCapital2017-03-31SC456443ns5:RetainedEarningsAccumulatedLosses2018-03-31SC456443ns5:RetainedEarningsAccumulatedLosses2017-03-31SC456443ns5:ComputerEquipment2017-04-012018-03-31SC456443ns5:ComputerEquipment2017-03-31SC456443ns5:ComputerEquipment2018-03-31SC456443ns5:ComputerEquipment2017-03-31SC456443ns5:CurrentFinancialInstrumentsns5:WithinOneYear2018-03-31SC456443ns5:CurrentFinancialInstrumentsns5:WithinOneYear2017-03-31


REGISTERED NUMBER: SC456443 (Scotland)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

ANN NISBET LTD

ANN NISBET LTD (REGISTERED NUMBER: SC456443)






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


ANN NISBET LTD

COMPANY INFORMATION
for the Year Ended 31 March 2018







DIRECTOR: Ms. A G Nisbet





REGISTERED OFFICE: C/O Kean Jarman & Co.
27 Ingram Street
Glasgow
G1 1HA





REGISTERED NUMBER: SC456443 (Scotland)





ACCOUNTANTS: Kean Jarman & Company
Chartered Accountants
27 Ingram Street
Glasgow
G1 1HA

ANN NISBET LTD (REGISTERED NUMBER: SC456443)

BALANCE SHEET
31 March 2018

31.3.18 31.3.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,072 1,377

CURRENT ASSETS
Stocks 11,523 7,500
Debtors 5 200 52
Cash at bank 7,766 7,729
19,489 15,281
CREDITORS
Amounts falling due within one year 6 6,946 6,518
NET CURRENT ASSETS 12,543 8,763
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,615

10,140

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 17,515 10,040
SHAREHOLDERS' FUNDS 17,615 10,140

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 director acknowledges her 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 director on 21 December 2018 and were signed by:





Ms. A G Nisbet - Director


ANN NISBET LTD (REGISTERED NUMBER: SC456443)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2018

1. STATUTORY INFORMATION

Ann Nisbet 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.
Computer equipment - 15% 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.

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.

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 ) .

ANN NISBET LTD (REGISTERED NUMBER: SC456443)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2018

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2017 2,161
Additions 4,590
At 31 March 2018 6,751
DEPRECIATION
At 1 April 2017 784
Charge for year 895
At 31 March 2018 1,679
NET BOOK VALUE
At 31 March 2018 5,072
At 31 March 2017 1,377

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Other debtors - 52
Prepayments and accrued income 200 -
200 52

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Bank loans and overdrafts 2,054 -
Tax 887 1,349
Social security and other taxes 389 323
Other creditors 868 -
Directors' current accounts 1,248 3,346
Accrued expenses 1,500 1,500
6,946 6,518

7. RELATED PARTY DISCLOSURES

At the year end the company director was owed £1,248 (2017-£3,346) in unpaid expenses. £3,346 was the
maximum amount outstanding during the year.