Company Registration No. SC484754 (Scotland)
EDINBURGH ROOM RENTALS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2016
EDINBURGH ROOM RENTALS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
EDINBURGH ROOM RENTALS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 AUGUST 2016
31 August 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
344
430
Current assets
Debtors
54,592
-
Cash at bank and in hand
180,968
173,942
235,560
173,942
Creditors: amounts falling due within one year
(121,844)
(102,987)
Net current assets
113,716
70,955
Total assets less current liabilities
114,060
71,385
Provisions for liabilities
(62)
-
113,998
71,385
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
113,898
71,285
Shareholders' funds
113,998
71,385
For the financial year ended 31 August 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 9 January 2017
Mr N Findlay
Director
Company Registration No. SC484754
EDINBURGH ROOM RENTALS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Computer equipment
20% Reducing balance
1.4
Pensions
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.
2
Fixed assets
Tangible assets
£
Cost
At 1 September 2015 & at 31 August 2016
538
Depreciation
At 1 September 2015
108
Charge for the period
86
At 31 August 2016
194
Net book value
At 31 August 2016
344
At 31 August 2015
430
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100