Registration number:
SKC Project Consultants Ltd.
for the Year Ended 31 July 2020
SKC Project Consultants Ltd.
Contents
Company Information |
|
Balance Sheet |
|
Notes to the Unaudited Financial Statements |
|
Accountants' Report |
SKC Project Consultants Ltd.
Company Information
Directors |
Mrs AH Caughey Mr S K Caughey |
Company secretary |
Mrs AH Caughey |
Registered office |
|
Accountants |
|
SKC Project Consultants Ltd.
(Registration number: SC247062)
Balance Sheet as at 31 July 2020
Note |
2020 |
2019 |
|
Current assets |
|||
Cash at bank and in hand |
|
|
|
Creditors: Amounts falling due within one year |
( |
( |
|
Net liabilities |
( |
( |
|
Capital and reserves |
|||
Called up share capital |
|
|
|
Profit and loss account |
( |
( |
|
Shareholders' deficit |
( |
( |
For the financial year ending 31 July 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
|
• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
.........................................
Director
SKC Project Consultants Ltd.
Notes to the Unaudited Financial Statements for the Year Ended 31 July 2020
General information |
The company is a private company limited by share capital, incorporated in Scotland.
Accounting policies |
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Tax
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 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.
Financial instruments
Classification
arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any
contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Dormant company acting as an agent
The company is claiming dormancy status under Section 480 of the Companies Act 2006. During the financial year it has acted as an agent.
Employees and Directors |
The average number of persons employed by the company (including directors) during the year, was
SKC Project Consultants Ltd.
Notes to the Unaudited Financial Statements for the Year Ended 31 July 2020
Taxation |
The tax charge on the profit for the year was as follows:
2020 |
|
UK corporation tax |
- |
Tax on profit |
- |
Creditors |
Creditors: amounts falling due within one year
2020 |
2019 |
|
Due within one year |
||
Other creditors |
|
|
Related party transactions |
Creditors include the following amounts which are owed to individuals who were directors of the company during the year:
2020 |
2019 |
|
Mrs AH Caughey |
- |
- |
Directors Name Here |
70 |
70 |
70 |
70 |
The maximum balance outstanding during the year amounted to £70.
The directors current accounts are repayable on demand.
Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
SKC Project Consultants Ltd.
for the Year Ended 31 July 2020
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of SKC Project Consultants Ltd. for the year ended 31 July 2020 as set out on pages 2 to 4 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.
This report is made solely to the Board of Directors of SKC Project Consultants Ltd., as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of SKC Project Consultants Ltd. and state those matters that we have agreed to state to the Board of Directors of SKC Project Consultants Ltd., as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SKC Project Consultants Ltd. and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that SKC Project Consultants Ltd. has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and results of SKC Project Consultants Ltd.. You consider that SKC Project Consultants Ltd. is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of SKC Project Consultants Ltd.. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
......................................
Gateway Business Park
Beancross Road
Grangemouth
FK3 8WX