Registered Number
:
SC
429673
|
For the year ended 31 December 2016
Scotland
Unaudited Financial Statements
For the year ended 31 December 2016
Cargo Seat Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Cargo Seat Limited
Statement of Financial Position
2015
2016
117,660
27,469
2
Property
,
plant and equipment
|
58
86
3
117,718
27,555
Trade and other receivables
|
2,315
10,030
4,103
Cash and cash equivalents
|
-
10,030
6,418
Trade and other payables
:
amounts falling due within one year
|
(28,375)
(159,631)
4
(21,957)
(149,601)
Net current liabilities
Total assets less current liabilities
|
(31,883)
5,598
(11)
(17)
Provisions for liabilities
|
(31,894)
Net assets/liabilities
5,581
84
84
72,018
72,018
(103,996)
(66,521)
(31,894)
5,581
Shareholders' funds
For the year ended 31 December 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 of its financial statements for the year ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006
|
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
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.
|
Gary Burns Director
These financial statements were approved and authorised for issue by the Board on 30 September 2017 and were signed by:
|
The notes form part of these financial statements
|
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For the year ended 31 December 2016
Cargo Seat Limited
Notes to the Financial Statements
Statutory Information
Cargo Seat Limited is a private limited company
,
limited by shares
,
domiciled in Scotland
,
registration number SC
429673
.
|
10 Pretoria Court
Coalburn
South Lanarskhire
ML11 0DY
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A 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 costs convention as modified by the revaluation of certain assets
.
|
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Computer equipment
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
|
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
|
2 of 4
For the year ended 31 December 2016
Cargo Seat Limited
Notes to the Financial Statements Continued
2
.
Intangible fixed assets
|
33,110
103,891
137,001
5,641
13,700
Charge for year
19,341
117,660
3
.
Property
,
plant and equipment
|
115
115
Provision for depreciation and impairment
|
29
Charge for year
28
57
58
86
4
.
Trade and other payables
:
amounts falling due within one year
|
2015
2016
8,067
-
47,802
80
Taxation and social security
|
2,777
2,701
Accruals and deferred income
|
976
736
Directors
'
current accounts
|
21,915
22,599
78,094
2,259
159,631
28,375
3 of 4
For the year ended 31 December 2016
Cargo Seat Limited
Notes to the Financial Statements Continued
5
.
Related party transactions
|
During the period under review
,
the company owed the directors a total of £
21
,
915
(
2015
-
£
22
,
598
).
This was provided by G
|
Burns £
11
,
918
and I Morrison £
9
,
997
.
These loans are interest free with no fixed repayment date
.
|
4 of 4