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REGISTERED NUMBER: SC498668 (Scotland)















Unaudited Financial Statements for the Year Ended 28 February 2018

for

Vertigo (Scotland) Limited

Vertigo (Scotland) Limited (Registered number: SC498668)






Contents of the Financial Statements
for the Year Ended 28 February 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Vertigo (Scotland) Limited

Company Information
for the Year Ended 28 February 2018







DIRECTORS: J Crainie
G Wilkinson





REGISTERED OFFICE: Scottcourt House
West Princes Street
Helensburgh
Argyll & Bute
G84 8BP





REGISTERED NUMBER: SC498668 (Scotland)





ACCOUNTANTS: Macleod Fulton
Scottcourt House
West Princes Street
Helensburgh
Argyll & Bute
G84 8BP

Vertigo (Scotland) Limited (Registered number: SC498668)

Balance Sheet
28 February 2018

28.2.18 28.2.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,780 16,707

CURRENT ASSETS
Stocks 7,641 -
Debtors 5 5,519 14,101
Cash at bank 5,957 3,320
19,117 17,421
CREDITORS
Amounts falling due within one year 6 16,672 2,260
NET CURRENT ASSETS 2,445 15,161
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,225

31,868

CREDITORS
Amounts falling due after more than one
year

7

4,806

10,048
NET ASSETS 13,419 21,820

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 13,319 21,720
SHAREHOLDERS' FUNDS 13,419 21,820

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 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.

Vertigo (Scotland) Limited (Registered number: SC498668)

Balance Sheet - continued
28 February 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 31 October 2018 and were signed on its behalf by:





G Wilkinson - Director


Vertigo (Scotland) Limited (Registered number: SC498668)

Notes to the Financial Statements
for the Year Ended 28 February 2018

1. STATUTORY INFORMATION

Vertigo (Scotland) Limited is a private company, limited by shares , registered in Scotland. The company's
registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" 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 cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in
bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - NIL).

Vertigo (Scotland) Limited (Registered number: SC498668)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2018

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 March 2017
and 28 February 2018 23,637 208 23,845
DEPRECIATION
At 1 March 2017 7,046 92 7,138
Charge for year 898 29 927
At 28 February 2018 7,944 121 8,065
NET BOOK VALUE
At 28 February 2018 15,693 87 15,780
At 28 February 2017 16,591 116 16,707

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.18 28.2.17
£    £   
Trade debtors 20 4,820
Other debtors 5,499 9,281
5,519 14,101

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.18 28.2.17
£    £   
Hire purchase contracts 5,243 5,243
Trade creditors 5,226 1,430
Taxation and social security 3,911 (11,260 )
Other creditors 2,292 6,847
16,672 2,260

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.18 28.2.17
£    £   
Hire purchase contracts 4,806 10,048

8. CONTINGENT LIABILITIES

As at 28 February 2018 the company had no contingent liabilities (2017 - £nil).

9. CAPITAL COMMITMENTS

As at 28 February 2018 the company had no capital commitments (2017 - £nil).

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £82,200 (2017 - £69,800) were paid to the directors .

Vertigo (Scotland) Limited (Registered number: SC498668)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2018

10. RELATED PARTY DISCLOSURES - continued

As at 28 February 2018 included within creditors is a balance due to the director, Mr Crainie, £5 (2017 -
£4,969), Mr Wilkinson, £5 (2017 - £1,512 due from). This balance has no fixed repayment date and no interest is
charged theron.