CMAL LIMITED

CMAL LIMITED

CMAL LIMITED - Company Information

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CMAL LIMITED

Company Registration Number:
SC295316 (Scotland)

Unaudited abridged accounts for the year ended 31 January 2019

Period of accounts

Start date: 01 February 2018

End date: 31 January 2019

CMAL LIMITED

Contents of the Financial Statements

for the Period Ended 31 January 2019

Balance sheet
Notes

CMAL LIMITED

Balance sheet

As at 31 January 2019


Notes
2019
2018


£
£
Fixed assets
Intangible assets: 3 2,336 3,116
Tangible assets: 4 115,278 118,408
Total fixed assets: 117,614 121,524
Current assets
Cash at bank and in hand: 10,891 16,987
Total current assets: 10,891 16,987
Creditors: amounts falling due within one year:   (50,000) (50,000)
Net current assets (liabilities): (39,109) (33,013)
Total assets less current liabilities: 78,505 88,511
Provision for liabilities: (847) (847)
Total net assets (liabilities): 77,658 87,664
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 77,656 87,662
Shareholders funds: 77,658 87,664

The notes form part of these financial statements

CMAL LIMITED

Balance sheet statements

For the year ending 31 January 2019 the company was entitled to exemption 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 directors acknowledge their 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 this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 30 October 2019
and signed on behalf of the board by:

Name: C LAW
Status: Director

The notes form part of these financial statements

CMAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2019

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied.

Tangible fixed assets and depreciation policy

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent impairment losses.

Intangible fixed assets and amortisation policy

Intangible assets are measured at cost less accumulated amortisation and any accumulated impairment losses. Amortisation is charged so as to allocate the cost of intangibles less their residual values over their estimated useful lives, using the straight-line method. The intangible assets are amortised over the following useful economic lives: Goodwill 20 years If there is an indication that there has been a significant change in amortisation rate or residual value of an asset, the amortisation of that asset is revised prospectively to reflect the new expectations. If the net fair value of the identifiable assets and liabilities acquired exceeds the cost of a business combination, the excess up to the fair value of non-monetary assets acquired is recognised in profit or loss in the periods in which the non-monetary assets are recovered. Any excess exceeding the fair value of non-monetary assets acquired is recognised in profit or loss in the periods expected to be benefitted.

Other accounting policies

Corporation TaxThe taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

CMAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2019

2. Employees

2019 2018
Average number of employees during the period 1 1

CMAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2019

3. Intangible Assets

Total
Cost £
At 01 February 2018 15,600
At 31 January 2019 15,600
Amortisation
At 01 February 2018 12,484
Charge for year 780
At 31 January 2019 13,264
Net book value
At 31 January 2019 2,336
At 31 January 2018 3,116

CMAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2019

4. Tangible Assets

Total
Cost £
At 01 February 2018 140,735
At 31 January 2019 140,735
Depreciation
At 01 February 2018 22,327
Charge for year 3,130
At 31 January 2019 25,457
Net book value
At 31 January 2019 115,278
At 31 January 2018 118,408

CMAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2019

5. Related party transactions

There were no Related Party Transactions undertaken within the year, with all transactions being undertaken at arm’s length.