Registered Number
:
SC
457208
|
For the year ended 31 August 2019
Scotland
Unaudited Financial Statements
For the year ended 31 August 2019
AFRICAN COUNCIL LTD
Contents Page
1
Statement of Financial Position
2
Notes to the Financial Statements
AFRICAN COUNCIL LTD
Statement of Financial Position
2018
2019
6,633
Cash and cash equivalents
|
8,455
8,455
6,633
Trade and other payables
:
amounts falling due within one
|
year
|
115
4,088
2
6,748
12,543
Net current assets
Total assets less current liabilities
|
12,543
6,748
12,543
Net assets
6,748
12,543
6,748
12,543
6,748
Members' Funds
For the year ended 31 August 2019 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 of its financial statements for the year ended 31 August 2019 in accordance with Section 476 of the Companies Act 2006
|
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
|
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
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
|
Dr Philip Muinde Director
|
These financial statements were approved and authorised for issue by the Board on 20 April 2020 and were signed by:
|
The notes form part of these financial statements
|
1 of 2
For the year ended 31 August 2019
AFRICAN COUNCIL LTD
Notes to the Financial Statements
Statutory Information
AFRICAN COUNCIL LTD is a private limited company
,
limited by guarantee
,
domiciled in Scotland
,
registration
|
number SC
457208
.
|
AMICABLE HOUSE
252 UNION STREET
ABERDEEN
AB10 1TN
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A of Financial
|
Reporting Standard
102
'
The Financial Reporting Standard applicable in the UK and Republic of Ireland
'
and the
|
Companies Act
2006
.
The financial statements have been prepared under the historical costs convention as
|
modified by the revaluation of certain assets
.
|
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
|
2
.
Trade and other payables
:
amounts falling due within one year
|
2018
2019
-
(1)
Taxation and social security
|
1,469
406
(5,557)
(520)
(4,088)
(115)
2 of 2