Abbeyside Consultancy Limited SC329539 true 2016-09-01 2017-08-31 2017-08-31 The principal activity of the company is provision of sales and management advisory services to the Licensed Trade Digita Accounts Production Advanced 6.21.8540.0 Software true AD Gray SC329539 2016-09-01 2017-08-31 SC329539 2017-08-31 SC329539 bus:OrdinaryShareClass1 2017-08-31 SC329539 core:RetainedEarningsAccumulatedLosses 2017-08-31 SC329539 core:ShareCapital 2017-08-31 SC329539 core:CurrentFinancialInstruments core:WithinOneYear 2017-08-31 SC329539 core:FurnitureFittingsToolsEquipment 2017-08-31 SC329539 bus:FRS102 2016-09-01 2017-08-31 SC329539 bus:AuditExempt-NoAccountantsReport 2016-09-01 2017-08-31 SC329539 bus:FullAccounts 2016-09-01 2017-08-31 SC329539 bus:RegisteredOffice 2016-09-01 2017-08-31 SC329539 bus:Director2 2016-09-01 2017-08-31 SC329539 bus:OrdinaryShareClass1 2016-09-01 2017-08-31 SC329539 bus:PrivateLimitedCompanyLtd 2016-09-01 2017-08-31 SC329539 core:OfficeEquipment 2016-09-01 2017-08-31 SC329539 countries:Scotland 2016-09-01 2017-08-31 SC329539 2016-08-31 SC329539 core:FurnitureFittingsToolsEquipment 2016-08-31 SC329539 2016-08-31 SC329539 bus:OrdinaryShareClass1 2016-08-31 SC329539 core:RetainedEarningsAccumulatedLosses 2016-08-31 SC329539 core:ShareCapital 2016-08-31 SC329539 core:CurrentFinancialInstruments core:WithinOneYear 2016-08-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: SC329539

Abbeyside Consultancy Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 August 2017

Deans Accountants And Business Advisors Ltd
Chartered Accountants and Business Advisors
27 North Bridge Street
Hawick
Borders
TD9 9BD

 

Abbeyside Consultancy Limited

Profit and Loss Account for the Year Ended 31 August 2017

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

 

Abbeyside Consultancy Limited

(Registration number: SC329539)
Balance Sheet as at 31 August 2017

Note

2017
£

2016
£

Creditors: Amounts falling due within one year

4

(5,513)

(5,513)

Capital and reserves

 

Called up share capital

5

100

100

Profit and loss account

(5,613)

(5,613)

Total equity

 

(5,513)

(5,513)

For the financial year ending 31 August 2017 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved and authorised by the director on 4 April 2018.
 

.........................................

AD Gray
Director

 

Abbeyside Consultancy Limited

Notes to the Financial Statements for the Year Ended 31 August 2017

1

General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
27 North Bridge Street
Hawick
Borders
TD9 9BD

The principal place of business is:
c/o 21 Muirpark Terrace
Tranent
East Lothian
EH33 2AS

These financial statements were authorised for issue by the director on 4 April 2018.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% straight line

 

Abbeyside Consultancy Limited

Notes to the Financial Statements for the Year Ended 31 August 2017

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Tangible assets

Office equipment
 £

Total
£

Cost or valuation

At 1 September 2016

562

562

At 31 August 2017

562

562

Depreciation

At 1 September 2016

562

562

At 31 August 2017

562

562

Carrying amount

At 31 August 2017

-

-

4

Creditors

Note

2017
£

2016
£

Due within one year

 

Amounts due to related parties

6

5,513

5,513

5

Share capital

Allotted, called up and fully paid shares

 

2017

2016

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

         
 

Abbeyside Consultancy Limited

Notes to the Financial Statements for the Year Ended 31 August 2017

6

Related party transactions

Other transactions with directors

A D Gray
(a director of the company)
This loan is not subject to interest or any specific repayment terms. At the balance sheet date the amount due to A D Gray was £5,513 (2016 - £5,513).