Company Registration No. SC390272 (Scotland)
Calum I Duncan Corporate Lawyers Limited
Unaudited accounts
for the year ended 31 December 2018
Calum I Duncan Corporate Lawyers Limited
Unaudited accounts
Contents
Calum I Duncan Corporate Lawyers Limited
Company Information
for the year ended 31 December 2018
Company Number
SC390272 (Scotland)
Registered Office
3 Attadale Road
Inverness
Highland
IV3 5QH
Accountants
CMM Accountancy (Inverness) Limited
The Green House
Beechwood Business Park North
Inverness
IV2 3BL
Calum I Duncan Corporate Lawyers Limited
Statement of financial position
as at 31 December 2018
Cash at bank and in hand
20,535
31,407
Creditors: amounts falling due within one year
(33,493)
(28,223)
Net current assets
9,352
34,988
Called up share capital
2
2
Profit and loss account
10,747
35,136
Shareholders' funds
10,749
35,138
For the year ending 31 December 2018 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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.
Approved by the Board on 2 May 2019.
C Duncan
Director
Company Registration No. SC390272
Calum I Duncan Corporate Lawyers Limited
Notes to the Accounts
for the year ended 31 December 2018
Calum I Duncan Corporate Lawyers Limited is a private company, limited by shares, registered in Scotland, registration number SC390272. The registered office is 3 Attadale Road, Inverness, Highland, IV3 5QH.
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.
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 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:
Fixtures & fittings
25% reducing balance and 33.3% straight line
Investments in shares are included at fair value.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Calum I Duncan Corporate Lawyers Limited
Notes to the Accounts
for the year ended 31 December 2018
4
Tangible fixed assets
Total
5
Operating lease commitments
2018
2017
At 31 December 2018 the company has commitments under non-cancellable operating leases as follows:
Operating leases expiring:
Within two to five years
1,691
2,211
Included in other debtors is a loan to C Duncan of £96 (2017 - 12,197. The loan attracts interest at a rate of 2.5%, is unsecured and will be repaid by 30 September 2019.
7
Average number of employees
During the year the average number of employees was 1 (2017: 1).
