CF Services Limited - Accounts to registrar (filleted) - small 18.2

CF Services Limited - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: SC170883 (Scotland)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2018

FOR

CF SERVICES LIMITED

CF SERVICES LIMITED (REGISTERED NUMBER: SC170883)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CF SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2018







DIRECTORS: J Cosgrove
Ms M Osborne



REGISTERED OFFICE: 6th Floor, Gordon Chambers
90 Mitchell Street
Glasgow
G1 3NQ



REGISTERED NUMBER: SC170883 (Scotland)



ACCOUNTANTS: Cornerstone Accountants
6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
Lanarkshire
G1 3NQ



BANKERS: RBS
24/25 Prices Square
East Kilbride
G74 1LJ

CF SERVICES LIMITED (REGISTERED NUMBER: SC170883)

BALANCE SHEET
30 JUNE 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 85,206 101,953

CURRENT ASSETS
Stocks 5 236,656 304,193
Debtors 6 572,713 487,505
Cash at bank and in hand 252,019 157,035
1,061,388 948,733
CREDITORS
Amounts falling due within one year 7 514,221 513,641
NET CURRENT ASSETS 547,167 435,092
TOTAL ASSETS LESS CURRENT
LIABILITIES

632,373

537,045

CREDITORS
Amounts falling due after more than one
year

8

(17,537

)

(35,279

)

PROVISIONS FOR LIABILITIES (16,189 ) (20,391 )
NET ASSETS 598,647 481,375

CAPITAL AND RESERVES
Called up share capital 10 20,006 20,006
Retained earnings 578,641 461,369
SHAREHOLDERS' FUNDS 598,647 481,375

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

CF SERVICES LIMITED (REGISTERED NUMBER: SC170883)

BALANCE SHEET - continued
30 JUNE 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 8 February 2019 and were signed on its behalf by:





J Cosgrove - Director


CF SERVICES LIMITED (REGISTERED NUMBER: SC170883)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2018

1. STATUTORY INFORMATION

CF Services 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 a reducing balance basis, 25% on a straight line basis and 15% on a straight line basis

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2017 - 31 ) .

CF SERVICES LIMITED (REGISTERED NUMBER: SC170883)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2018

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2017 186,510
Additions 27,639
Disposals (50,082 )
At 30 June 2018 164,067
DEPRECIATION
At 1 July 2017 84,557
Charge for year 43,346
Eliminated on disposal (49,042 )
At 30 June 2018 78,861
NET BOOK VALUE
At 30 June 2018 85,206
At 30 June 2017 101,953

The net book value of the company's fixed assets includes £76,366 (2016 : £26,837) in respect of assets held
under finance leases or hire purchases contracts. Depreciation charged on these assets in the year amounted to
£14,632 (2016 : £8,037).

5. STOCKS
2018 2017
£    £   
Stocks 236,656 304,193

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 566,797 479,197
Other debtors 5,916 8,308
572,713 487,505

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Hire purchase contracts 28,325 29,048
Trade creditors 320,119 358,928
Taxation and social security 144,789 99,704
Other creditors 20,988 25,961
514,221 513,641

CF SERVICES LIMITED (REGISTERED NUMBER: SC170883)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2018

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2018 2017
£    £   
Hire purchase contracts 17,537 35,279

9. SECURED DEBTS

The bank overdraft facility is secured by a bond and floating charge over the assets of the company.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2018 2017
value: £    £   
20,000 Ordinary £1 20,000 20,000
6 Ordinary A-J £1 6 6
20,006 20,006