Company Registration No. SC468962 (Scotland)
CROMARTY FIRTH SERVICES LTD
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2020
CROMARTY FIRTH SERVICES LTD
COMPANY INFORMATION
Directors
Robert Buskie
Mr R Fea
Company number
SC468962
Registered office
Port of Cromarty Firth
Port Office
Shore Road
Invergordon
Ross-Shire
IV18 0HD
Accountants
Johnston Carmichael LLP
Clava House
Cradlehall Business Park
INVERNESS
IV2 5GH
CROMARTY FIRTH SERVICES LTD
CONTENTS
Page
Directors' report
1
Accountants' report
2
Balance sheet
3
Notes to the financial statements
4
CROMARTY FIRTH SERVICES LTD
DIRECTORS' REPORT
FOR THE YEAR ENDED 28 FEBRUARY 2020
- 1 -
The directors present their report and unaudited financial statements for the year ended 28 February 2020. The company is dormant and has not traded during the year.
Directors
The directors who held office during the year and up to the date of signature of the financial statements were as follows:
Robert Buskie
Mr R Fea
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
On behalf of the board
Mr R Fea
Director
16 September 2020
CROMARTY FIRTH SERVICES LTD
REPORT TO THE DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF CROMARTY FIRTH SERVICES LTD
- 2 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Cromarty Firth Services Ltd for the year ended 28 February 2020 set out on pages 3 to 4 from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of I
CAS
we are subject to its ethical and other professional requirements which are detailed at
:
https://www.icas.com/professional-resources/practice/support-and-guidance/framework-for-the-preparation-of-accounts-revised-january-2017
.
This report is made solely to the Board of Directors of Cromarty Firth Services Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken in accordance with the requirements of
ICAS
as detailed at
:
https://www.icas.com/professional-resources/practice/support-and-guidance/framework-for-the-preparation-of-accounts-revised-january-2017.
To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cromarty Firth Services Ltd and its Board of Directors as a body, for our work or for this report.
It is your duty to ensure that Cromarty Firth Services Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets,
liabilities, financial position and result
of Cromarty Firth Services Ltd. You consider that Cromarty Firth Services 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 Cromarty Firth Services 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.
Johnston Carmichael LLP
16 September 2020
Chartered Accountants
Clava House
Cradlehall Business Park
INVERNESS
IV2 5GH
CROMARTY FIRTH SERVICES LTD
BALANCE SHEET
AS AT 28 FEBRUARY 2020
28 February 2020
- 3 -
2020
2019
Notes
£
£
£
£
Current assets
Debtors
2
1
1
Net current assets
1
1
Capital and reserves
Called up share capital
3
1
1
For the financial year ended 28 February 2020 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant 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.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared 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 16 September 2020 and are signed on its behalf by:
Mr R Fea
Director
Company Registration No. SC468962
CROMARTY FIRTH SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2020
- 4 -
1
Accounting policies
Company information
Cromarty Firth Services Ltd is a
private
company
limited by shares
incorporated in Scotland.
The registered office is
Port of Cromarty Firth, Port Office, Shore Road, Invergordon, Ross-Shire, IV18 0HD.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
In accordance with the transitional exemption in section 35 of FRS 102, Cromarty Firth Services Ltd has elected to retain its accounting policies for reported assets, liabilities and equity before the date of transition to FRS 102.
1.2
Profit and loss account
The company has not traded during the year or the preceding financial
period
. During
this time
the company received no income and incurred no expenditure and therefore no Profit and loss account is presented
in these financial statements.
2
Debtors
2020
2019
Amounts falling due within one year:
£
£
Other debtors
1
1
3
Called up share capital
2020
2019
£
£
Ordinary share capital
Issued and not fully paid
1 ordinary share of £1 each
1
1
4
Parent company
The company is controlled by the Cromarty Firth Port Authority.