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REGISTERED NUMBER:
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FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2017 |
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ANGUS GIBSON LTD |
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REGISTERED NUMBER:
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FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2017 |
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FOR |
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ANGUS GIBSON LTD |
ANGUS GIBSON LTD (REGISTERED NUMBER: SC454618) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JULY 2017 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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ANGUS GIBSON LTD |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 JULY 2017 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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65 High Street |
Grantown on Spey |
Moray |
PH26 3EG |
ANGUS GIBSON LTD (REGISTERED NUMBER: SC454618) |
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BALANCE SHEET |
31 JULY 2017 |
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2017 | 2016 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 4 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 5 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Allotted, called up and fully |
paid share capital |
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Retained earnings |
- distributable |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the
Companies Act 2006 and |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
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The financial statements were approved by the director on
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ANGUS GIBSON LTD (REGISTERED NUMBER: SC454618) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JULY 2017 |
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1. | STATUTORY INFORMATION |
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Angus Gibson Ltd is a
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registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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The financial statements are prepared in sterling, which is the functional currency of the entity. |
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Transition to FRS 102 |
The entity transitioned from previous UK GAAP to FRS 102 as at 1 August 2015 and these are the first |
financial statements that comply with FRS 102. |
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No transitional adjustments were required in equity or profit or loss for the year. |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, |
rebates, value added tax and other sales taxes and represents revenue earned, under a wide variety of |
contracts to provide helicopter pilots. |
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Revenue is recognised as earned when, and to the extent that, the firm obtains the right to consideration in |
exchange for its performance under those contracts. |
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Taxation |
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for |
the current or past reporting periods. It is measured at the amount expected to be paid or recovered using |
the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
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Deferred tax represents the future tax consequences of transactions and events recognised in the financial |
statements of current and previous periods. It is recognised in respect of all timing differences, with |
certain exceptions. Timing differences are differences between taxable profits and total comprehensive |
income as stated in the financial statements that arise from the inclusion of income and expense in tax |
assessments in periods different from those in which they are recognised in the financial statements. |
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. |
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Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by |
the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on |
revalued, non-depreciable tangible fixed assets and investment properties is measured using the rates and |
allowances that apply to the sale of the asset. |
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Debtors and creditors receivable/payable within one year |
Debtors and creditors with no stated interest and receivable or payable within one year are recorded at |
transaction price. Any losses arising from impairment are recognised in the profit and loss account in other |
administrative expenses. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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ANGUS GIBSON LTD (REGISTERED NUMBER: SC454618) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 JULY 2017 |
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4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade debtors |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Taxation and social security |
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Other creditors |
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