Registered number
SC263583
Event Consultants Scotland Limited
Unaudited Filleted Accounts
31 May 2024
Event Consultants Scotland Limited
Registered number: SC263583
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 3,349 1,711
Current assets
Debtors 4 110,640 133,112
Cash at bank and in hand 116,291 49,872
226,931 182,984
Creditors: amounts falling due within one year 5 (270,022) (184,966)
Net current liabilities (43,091) (1,982)
Net liabilities (39,742) (271)
Capital and reserves
Called up share capital 1 1
Profit and loss account (39,743) (272)
Shareholders' funds (39,742) (271)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S Mathieson
Director
Approved by the board on 9 August 2024
Event Consultants Scotland Limited
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
The financial statements are prepared in Sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office Equipment 33% Straight Line Basis
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Office equipment
£
Cost
At 1 June 2023 1,711
Additions 1,638
At 31 May 2024 3,349
Depreciation
At 31 May 2024 -
Net book value
At 31 May 2024 3,349
At 31 May 2023 1,711
4 Debtors 2024 2023
£ £
Trade debtors 67,392 83,586
Other debtors 43,248 49,526
110,640 133,112
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 17,951 16,746
Other creditors 252,071 168,220
270,022 184,966
6 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
S Mathieson
Director loan account 4,527 28,408 (23,312) 9,623
4,527 28,408 (23,312) 9,623
7 Other information
Event Consultants Scotland Limited is a private company limited by shares and incorporated in Scotland. Its registered office is:
31 Carfrae Gardens
Edinburgh
EH4 3SR
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