|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2017 |
|
FOR |
|
DAVID FINLAYSON LIMITED |
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2017 |
|
FOR |
|
DAVID FINLAYSON LIMITED |
DAVID FINLAYSON LIMITED (REGISTERED NUMBER: SC088199) |
|
|
|
|
|
|
CONTENTS OF THE FINANCIAL STATEMENTS |
For The Year Ended 31 March 2017 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Balance Sheet | 2 |
|
Notes to the Financial Statements | 4 |
|
DAVID FINLAYSON LIMITED |
|
COMPANY INFORMATION |
For The Year Ended 31 March 2017 |
|
|
|
|
|
|
|
DIRECTORS: |
|
|
|
|
|
|
|
SECRETARY: |
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
Chartered Accountants |
Argyll Square |
Oban |
Argyll |
PA34 4AZ |
DAVID FINLAYSON LIMITED (REGISTERED NUMBER: SC088199) |
|
BALANCE SHEET |
31 March 2017 |
|
2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 3 |
|
|
Investment property | 4 |
|
|
|
|
|
CURRENT ASSETS |
Cash at bank |
|
|
|
CREDITORS |
Amounts falling due within one year | 5 |
|
|
NET CURRENT ASSETS |
|
|
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
PROVISIONS FOR LIABILITIES |
|
|
NET ASSETS |
|
|
|
CAPITAL AND RESERVES |
Called up share capital |
|
|
Retained earnings |
|
|
SHAREHOLDERS' FUNDS |
|
|
|
|
|
|
|
The directors acknowledge their responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and |
(b) |
preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
DAVID FINLAYSON LIMITED (REGISTERED NUMBER: SC088199) |
|
BALANCE SHEET - continued |
31 March 2017 |
|
|
|
|
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
|
The financial statements were approved by the Board of Directors on
by: |
|
|
|
|
|
|
|
DAVID FINLAYSON LIMITED (REGISTERED NUMBER: SC088199) |
|
NOTES TO THE FINANCIAL STATEMENTS |
For The Year Ended 31 March 2017 |
|
1. | STATUTORY INFORMATION |
|
David Finlayson Limited is a
|
registered number and registered office address can be found on the Company Information page. |
|
2. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A |
These financial statements for the year ended 31 March 2017 are the first that are prepared in accordance with |
FRS 102 Section 1A. The previous financial statements were prepared in accordance with UK GAAP, the date of |
transition to FRS 102 Section 1A is 1 April 2015. |
|
Tangible fixed assets |
|
Fixtures and fittings | - |
|
|
Investment property |
Investment property is initially measured at cost. After initial recognition, investment property is measured at |
cost less any accumulated depreciation and any accumulated impairment losses. |
|
Depreciation is being provided at 2% per annum to write off the investment property over its estimated useful |
life. |
|
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to |
the extent that it relates to items recognised in other comprehensive income or directly in equity. |
|
Current or deferred taxation assets and liabilities are not discounted. |
|
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
substantively enacted by the balance sheet date. |
|
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
|
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from |
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that |
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the |
timing difference. |
|
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they |
will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
DAVID FINLAYSON LIMITED (REGISTERED NUMBER: SC088199) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 31 March 2017 |
|
3. | TANGIBLE FIXED ASSETS |
Fixtures |
and |
fittings |
£ |
COST |
At 1 April 2016 |
and 31 March 2017 |
|
DEPRECIATION |
At 1 April 2016 |
|
Charge for year |
|
At 31 March 2017 |
|
NET BOOK VALUE |
At 31 March 2017 |
|
At 31 March 2016 |
|
|
4. | INVESTMENT PROPERTY |
Total |
£ |
COST |
At 1 April 2016 |
and 31 March 2017 |
|
DEPRECIATION |
At 1 April 2016 | 33,529 |
Charge for year | 2,794 |
At 31 March 2017 | 36,323 |
NET BOOK VALUE |
At 31 March 2017 |
|
At 31 March 2016 |
|
|
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Taxation and social security |
|
|
Other creditors |
|
|
|
|