Registered Number SC468392
EDINBURGH ALTERNATIVE FINANCE LIMITED
Abbreviated Accounts
31 December 2015
Notes | 2015 | 2014 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
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Current assets | |||
Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
( |
( |
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Net current assets (liabilities) |
( |
( |
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Total assets less current liabilities |
( |
( |
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Total net assets (liabilities) |
( |
( |
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Capital and reserves | |||
Called up share capital | 3 |
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Share premium account |
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Profit and loss account |
( |
( |
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Shareholders' funds |
( |
( |
Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
These accounts have been prepared on the going concern basis despite the deficiency in net assets, on the basis that the company will receive sufficient funding from its shareholders to enable it to continue to trade and to settle its liabilities as they fall due. Funding by shareholders in 2014 and 2015 was by a combination of share issues and loans. Following the year end a share issue took place in June 2016 which raised a further £1,090,000.
Turnover policy
Tangible assets depreciation policy
Plant and machinery etc - 33% on cost
Other accounting policies
£ | |
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Cost | |
At 1 January 2015 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 31 December 2015 |
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Depreciation | |
At 1 January 2015 |
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Charge for the year |
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On disposals |
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At 31 December 2015 |
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Net book values | |
At 31 December 2015 | 8,063 |
At 31 December 2014 | 5,541 |