THE LITTLE ART SCHOOL COMPANY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2018
Company Registration Number SC467167 (Scotland)
PAGES FOR FILING WITH REGISTRAR
THE LITTLE ART SCHOOL COMPANY LIMITED
BALANCE SHEET
AS AT
31 JANUARY 2018
31 January 2018
- 1 -
2018
2017
£
£
£
£
Fixed assets
2,621
3,728
Current assets
9,068
8,912
Prepayments and accrued income
800
800
Creditors: amounts falling due within one year
(18,717)
(14,281)
Net current liabilities
(8,849)
(4,569)
Total assets less current liabilities
(6,228)
(841)
Creditors: amounts falling due after more than one year
(12,447)
(18,420)
Net liabilities
(18,675)
(19,261)
Capital and reserves
(18,675)
(19,261)
Notes to the financial statements
1
Going Concern
The directors have indicated their willingness to continue their financial support of the company. For this reason the going concern basis is considered appropriate for the preparation of the financial statements for the year to 31 January 2018.
2
Related party
Creditors includes a total of £19,141 (2017: £25,302) due by the company to its directors. Also included within creditors is £6,144 due from a connected company under common control. This loan is repayable on demand and no interest is charged.
The Little Art School Company Limited is a private company limited by shares incorporated in Scotland. The registered office is 12 Alloway Place, Ayr, Ayrshire, KA7 2AG.
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.
For the year ended 31 January 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
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 LITTLE ART SCHOOL COMPANY LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 JANUARY 2018
31 January 2018
- 2 -
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 30 October 2018 and are signed on its behalf by:
Mrs J Robinson
Mrs M Haddow
Director
Director
Company Registration Number SC467167