STORM IDEAS LIMITED

Company Registration Number:
SC344051 (Scotland)

Unaudited abridged accounts for the year ended 30 June 2018

Period of accounts

Start date: 01 July 2017

End date: 30 June 2018

STORM IDEAS LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2018

Balance sheet
Notes

STORM IDEAS LIMITED

Balance sheet

As at 30 June 2018


Notes
2018
2017


£
£
Fixed assets
Tangible assets: 3 28,977 33,472
Total fixed assets: 28,977 33,472
Current assets
Debtors:   197,017 337,435
Cash at bank and in hand: 538,939 583,122
Total current assets: 735,956 920,557
Creditors: amounts falling due within one year:   (148,303) (152,130)
Net current assets (liabilities): 587,653 768,427
Total assets less current liabilities: 616,630 801,899
Total net assets (liabilities): 616,630 801,899
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 616,628 801,897
Shareholders funds: 616,630 801,899

The notes form part of these financial statements

STORM IDEAS LIMITED

Balance sheet statements

For the year ending 30 June 2018 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 21 March 2019
and signed on behalf of the board by:

Name: Robert Thomson
Status: Director

The notes form part of these financial statements

STORM IDEAS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2018

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

STORM IDEAS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2018

2. Employees

2018 2017
Average number of employees during the period 28 23

STORM IDEAS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2018

3. Tangible Assets

Total
Cost £
At 01 July 2017 111,842
Additions 29,339
Disposals (818)
At 30 June 2018 140,363
Depreciation
At 01 July 2017 78,370
Charge for year 33,834
On disposals (818)
At 30 June 2018 111,386
Net book value
At 30 June 2018 28,977
At 30 June 2017 33,472

STORM IDEAS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2018

4. Loans to directors

Name of director receiving advance or credit: Mr Robert Thomson
Description of the loan: Advance
£
Balance at 01 July 2017 4,944
Advances or credits made: 4,013
Balance at 30 June 2018 8,957
Name of director receiving advance or credit: Mr David Miscampbell
Description of the loan: Advance
£
Balance at 01 July 2017 5,000
Balance at 30 June 2018 5,000
Name of director receiving advance or credit: Mr Ross Gilmour
Description of the loan: Advance
£
Balance at 01 July 2017 5,000
Balance at 30 June 2018 5,000

STORM IDEAS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2018

5. Post balance sheet events

Post year end 6,700 Ordinary Shares of £0.0001 each were purchased by the company from its shareholders for a total consideration of £850,000 and these were then cancelled. Subsequently there was an allotment of a total of 2,353 E Ordinary Share of £0.0001 each.