Company Registration No. SC391374 (Scotland)
Blacksnow Limited
Abbreviated unaudited accounts
for the year ended 31 January 2016
Blacksnow Limited
Abbreviated Balance Sheet
as at
31 January 2016
Tangible assets
512
3,974
Cash at bank and in hand
9,046
11,187
Creditors: amounts falling due within one year
(13,257)
(14,159)
Net current assets/(liabilities)
5,727
(42)
Called up share capital
1,000
1,000
Profit and loss account
5,239
2,932
Total shareholders' funds
6,239
3,932
For the year ending 31 January 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Approved by the board on 31 August 2016
Philip Coupar
Director
Company Registration No. SC391374
Blacksnow Limited
Notes to the Abbreviated Accounts
for the year ended 31 January 2016
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirement to prepare such a statement under the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computers (Mobile) - 50% straight line
Computers (Desktop and Server) - 33% straight line
Website Development - 50% straight line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets and liabilities are not discounted.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Blacksnow Limited
Notes to the Abbreviated Accounts
for the year ended 31 January 2016
2
Tangible fixed assets
Plant & machinery
Computer equipment
Total
At 1 February 2015
12,559
3,857
16,416
At 31 January 2016
12,671
4,116
16,787
At 1 February 2015
8,684
3,758
12,442
Charge for the year
3,640
193
3,833
At 31 January 2016
12,324
3,951
16,275
At 31 January 2016
347
165
512
At 31 January 2015
3,875
99
3,974
3
Share capital
2016
2015
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000