Company Registration No. SC560542 (Scotland)
BERNIAG LTD
Unaudited accounts
for the year ended 31 March 2024
BERNIAG LTD
Unaudited accounts
Contents
BERNIAG LTD
Company Information
for the year ended 31 March 2024
Company Number
SC560542 (Scotland)
Registered Office
60 ECHLINE TERRACE
SOUTH QUEENSFERRY
EH30 9XH
SCOTLAND
Accountants
Taxez
5 South Charlotte Street
Edinburgh
EH2 4AN
BERNIAG LTD
Statement of financial position
as at 31 March 2024
Cash at bank and in hand
25,534
28,740
Creditors: amounts falling due within one year
(18,179)
(19,233)
Net current assets
7,355
9,507
Called up share capital
1
1
Profit and loss account
7,681
10,150
Shareholders' funds
7,682
10,151
For the year ending 31 March 2024 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 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 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 and authorised for issue on 16 December 2024 and were signed on its behalf by
Simeon Gaved
Director
Company Registration No. SC560542
BERNIAG LTD
Notes to the Accounts
for the year ended 31 March 2024
BERNIAG LTD is a private company, limited by shares, registered in Scotland, registration number SC560542. The registered office is 60 ECHLINE TERRACE, SOUTH QUEENSFERRY, EH30 9XH, 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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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
33% on cost
BERNIAG LTD
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Computer equipment
5
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
16,634
18,194
Loans from directors
1,126
524
6
Average number of employees
During the year the average number of employees was 1 (2023: 1).