Company Registration No. SC687791 (Scotland)
Circular Type Ltd
Unaudited accounts
for the year ended 28 February 2023
Circular Type Ltd
Unaudited accounts
Contents
Circular Type Ltd
Company Information
for the year ended 28 February 2023
Directors
Ralph McClure
Keir Reid
Company Number
SC687791 (Scotland)
Registered Office
BARRAS ART AND DESIGN UNIT 3
54 CALTON ENTRY
GLASGOW
G40 2SB
SCOTLAND
Accountants
TaxKings Ltd
4th Floor, 176 Bath Street
Glasgow
G2 4HG
Circular Type Ltd
Statement of financial position
as at 28 February 2023
Called up share capital not paid
2
-
Cash at bank and in hand
5,956
128
Creditors: amounts falling due within one year
(7,378)
(1,392)
Net current liabilities
(1,422)
(1,264)
Net assets/(liabilities)
428
(1,264)
Called up share capital
2
2
Profit and loss account
426
(1,266)
Shareholders' funds
428
(1,264)
For the year ending 28 February 2023 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 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 November 2023 and were signed on its behalf by
Ralph McClure
Director
Company Registration No. SC687791
Circular Type Ltd
Notes to the Accounts
for the year ended 28 February 2023
Circular Type Ltd is a private company, limited by shares, registered in Scotland, registration number SC687791. The registered office is BARRAS ART AND DESIGN UNIT 3, 54 CALTON ENTRY, GLASGOW, G40 2SB, SCOTLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% on cost
4
Tangible fixed assets
Computer equipment
5
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
8,823
1,266
Other creditors
1,472
1,472
Loans from directors
(2,917)
(1,346)
Circular Type Ltd
Notes to the Accounts
for the year ended 28 February 2023
6
Average number of employees
During the year the average number of employees was 0 (2022: 0).