COMPANY REGISTRATION NUMBER:
SC199873
ESD SIMULATION TRAINING LIMITED
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Filleted Unaudited Financial Statements
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ESD SIMULATION TRAINING LIMITED
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Statement of Financial Position
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30 June 2019
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2019
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2018
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£
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£
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£
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Fixed assets
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13,616
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14,494
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--------
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--------
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Current assets
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1,195,436
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1,188,922
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Creditors: amounts falling due within one year
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916,770
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908,700
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------------
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------------
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Net current assets
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278,666
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280,222
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---------
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---------
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Total assets less current liabilities
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292,282
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294,716
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Accruals and deferred income
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25,951
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34,251
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---------
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---------
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266,331
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260,465
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---------
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---------
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Capital and reserves
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266,331
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260,465
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---------
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---------
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Notes to the financial statements
1.
Employee numbers
The average number of persons employed by the company during the year amounted to
3
(2018:
3
).
2.
Related party transactions
During the year the company advanced further funds to its parent company and fellow subsidiary's of £1,598. The net balance due to the company at 30 June 2019 was £381,821, (2018-£380,223). Interest is not charged and there are no repayment terms.
3.
Guarantees
Bank borrowings of £55,193, (2018-£57,721) are secured by a floating charge over the assets of the company.
For the year ending 30 June 2019 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 year 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 financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the
board of directors
and authorised for issue on
20 March 2020
, and are signed on behalf of the board by:
Company registration number:
SC199873
The company is a private company limited by shares and is incorporated in Scotland. The address of its registered office is Craigearn Business Park, Morrison Way, Midmill, Kintore, Aberdeenshire, AB51 0TH. The principal activity of the company during the year was the provision of dynamic simulation consultancy and training services to the oil and other process industries. These financial statements have been presented in Pound Sterling as this is the currency of the primary economic environment in which the Company operates.