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REGISTERED NUMBER: SC547108 (Scotland)















Unaudited Financial Statements

for the Period 6 October 2016 to 31 July 2017

for

Sarah Collie Engineering Ltd

Sarah Collie Engineering Ltd (Registered number: SC547108)






Contents of the Financial Statements
for the Period 6 October 2016 to 31 July 2017




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Sarah Collie Engineering Ltd

Company Information
for the Period 6 October 2016 to 31 July 2017







DIRECTOR: Miss S Collie





REGISTERED OFFICE: 105 Earns Heugh Circle
Cove Bay
Aberdeen
AB12 3RW





REGISTERED NUMBER: SC547108 (Scotland)






Sarah Collie Engineering Ltd (Registered number: SC547108)

Statement of Financial Position
31 July 2017

Notes £   
CURRENT ASSETS
Debtors 4 16

CREDITORS
Amounts falling due within one year 5 440
NET CURRENT LIABILITIES (424 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(424

)

CAPITAL AND RESERVES
Called up share capital 1
Retained earnings (425 )
SHAREHOLDERS' FUNDS (424 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 July 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 director on 10 February 2018 and were signed by:





Miss S Collie - Director


Sarah Collie Engineering Ltd (Registered number: SC547108)

Notes to the Financial Statements
for the Period 6 October 2016 to 31 July 2017

1. STATUTORY INFORMATION

Sarah Collie Engineering Ltd 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Critical accounting estimates and judgements
No significant judgements have had to be made by the directors in preparing these financial statements.

Taxation
Taxation for the period 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
statement of financial position 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 period 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.

Sarah Collie Engineering Ltd (Registered number: SC547108)

Notes to the Financial Statements - continued
for the Period 6 October 2016 to 31 July 2017

3. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial
assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third
parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for
objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised
in profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an
asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective
interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is
the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between
an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company
would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when
there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or
to realise the asset and settle the liability simultaneously.

Going concern note
The director has, at the time of approving the financial statements, a reasonable expectation that the company has
adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt
the going concern basis of accounting in preparing the financial statements.

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 16

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other creditors 440

6. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 July 2017:

£   
Miss S Collie
Balance outstanding at start of period -
Amounts advanced (90 )
Amounts repaid -
Amounts written off -
Amounts waived -
Balance outstanding at end of period (90 )

7. ULTIMATE CONTROLLING PARTY

The controlling party is Miss S Collie.