Company Registration No. SC616588 (Scotland)
Paintball and Airsoft Edinburgh Ltd
Unaudited accounts
for the year ended 31 December 2020
Paintball and Airsoft Edinburgh Ltd
Unaudited accounts
Contents
Paintball and Airsoft Edinburgh Ltd
Company Information
for the year ended 31 December 2020
Company Number
SC616588 (Scotland)
Registered Office
1 Broomside Terrace
Edinburgh
EH12 7LZ
United Kingdom
Paintball and Airsoft Edinburgh Ltd
Statement of financial position
as at
31 December 2020
Cash at bank and in hand
927
1,288
Creditors: amounts falling due within one year
(5,466)
(2,333)
Net current assets
9,560
5,916
Total assets less current liabilities
9,560
5,916
Creditors: amounts falling due after more than one year
(14,092)
-
Net (liabilities)/assets
(4,532)
5,916
Called up share capital
100
100
Profit and loss account
(4,632)
5,816
Shareholders' funds
(4,532)
5,916
For the year ending 31 December 2020 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 December 2021 and were signed on its behalf by
K W Mckay
Director
Company Registration No. SC616588
Paintball and Airsoft Edinburgh Ltd
Notes to the Accounts
for the year ended 31 December 2020
Paintball and Airsoft Edinburgh Ltd is a private company, limited by shares, registered in Scotland, registration number SC616588. The registered office is 1 Broomside Terrace, Edinburgh, EH12 7LZ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
4
Debtors: amounts falling due within one year
2020
2019
Other debtors
10,641
6,961
Debtors: amounts falling due after more than one year
5
Creditors: amounts falling due within one year
2020
2019
Bank loans and overdrafts
908
-
Taxes and social security
3,458
1,833
6
Creditors: amounts falling due after more than one year
2020
2019
7
Average number of employees
During the year the average number of employees was 1 (2019: 1).