REGISTERED NUMBER:
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The Imperial School of Feng Shui and |
Chinese Horoscopes Ltd. |
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Unaudited Financial Statements |
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for the Year Ended 31 December 2019 |
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REGISTERED NUMBER:
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The Imperial School of Feng Shui and |
Chinese Horoscopes Ltd. |
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Unaudited Financial Statements |
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for the Year Ended 31 December 2019 |
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The Imperial School of Feng Shui and |
Chinese Horoscopes Ltd. (Registered number: SC211930) |
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Contents of the Financial Statements |
for the Year Ended 31 December 2019 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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The Imperial School of Feng Shui and |
Chinese Horoscopes Ltd. |
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Company Information |
for the Year Ended 31 December 2019 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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9 Ainslie Place |
Edinburgh |
Midlothian |
EH3 6AT |
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BANKERS: |
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Edinburgh West End Office |
142-144 Princes Street |
Edinburgh |
EH2 4EQ |
The Imperial School of Feng Shui and |
Chinese Horoscopes Ltd. (Registered number: SC211930) |
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Balance Sheet |
31 December 2019 |
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2019 | 2018 |
Notes | £ | £ |
CURRENT ASSETS |
Stocks |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 5 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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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 Imperial School of Feng Shui and |
Chinese Horoscopes Ltd. (Registered number: SC211930) |
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Balance Sheet - continued |
31 December 2019 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director and authorised for issue on
and were signed by: |
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The Imperial School of Feng Shui and |
Chinese Horoscopes Ltd. (Registered number: SC211930) |
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Notes to the Financial Statements |
for the Year Ended 31 December 2019 |
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1. | STATUTORY INFORMATION |
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The Imperial School of Feng Shui and Chinese Horoscopes Ltd. is a
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, registered in Scotland. The company's registered number and registered office address can |
be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover and revenue recognition |
Turnover represents net invoiced sales of goods and services, excluding value added tax. Turnover is |
recognised when the goods or services are supplied to the customer. |
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Tangible fixed assets |
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Plant and machinery etc | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for |
obsolete and slow moving items. |
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Financial instruments |
Financial instruments comprise financial assets and financial liabilities which are recognised when |
the company become a party to the contractual provisions of the instrument. Financial instruments |
are classified as "basic" in accordance with FRS 102 and are accounted for at amortised cost using |
the effective interest method.The effective interest rate is the rate that exactly discounts estimated |
future cash flows over the life of the financial assets or liability to the net carrying amount on initial |
recognition. Discounting is not applied to short-term receivables and payables, where the effect is |
immaterial. |
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Financial assets at cost compromise bank other debtors. Financial liabilities compromise accruals |
and other creditors. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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The Imperial School of Feng Shui and |
Chinese Horoscopes Ltd. (Registered number: SC211930) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2019 |
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2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed |
at the balance sheet date. |
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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. |
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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. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 January 2019 |
and 31 December 2019 |
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DEPRECIATION |
At 1 January 2019 |
and 31 December 2019 |
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NET BOOK VALUE |
At 31 December 2019 |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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Other creditors contains a loan from the director. This loan is unsecured, interest-free and |
repayable on demand. |