Company Registration No. SC504793 (Scotland)
SCOTTISH RHEUMATOLOGY ULTRASOUND GROUP
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2016
SCOTTISH RHEUMATOLOGY ULTRASOUND GROUP
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
SCOTTISH RHEUMATOLOGY ULTRASOUND GROUP
ABBREVIATED BALANCE SHEET
- 1 -
2016
Notes
£
£
Fixed assets
Tangible assets
2
225
Current assets
Debtors
8,500
Cash at bank and in hand
59,518
68,018
Creditors: amounts falling due within one year
(64,026)
Net current assets
3,992
Total assets less current liabilities
4,217
Capital and reserves
Profit and loss account
4,217
Reserves
4,217
For the financial period ended 31 May 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 10 January 2017
Mr N McKay
Director
Company Registration No. SC504793
SCOTTISH RHEUMATOLOGY ULTRASOUND GROUP
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD ENDED 31 MAY 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Turnover
Turnover represents funding amounts received and invoiced sales in respect of course fees.
funding
amounts received
and invoiced sales in respect of course fees.
1.3
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Computer equipment
33.3% straight line
2
Fixed assets
Tangible assets
£
Cost
At 1 May 2015
-
Additions
337
At 31 May 2016
337
Depreciation
At 1 May 2015
-
Charge for the period
112
At 31 May 2016
112
Net book value
At 31 May 2016
225
3
Ultimate parent company
The company is limited by guarantee with no share capital. During the year the company was under the control of the director Mr N McKay.