Copyline Scotland Limited - Period Ending 2014-09-30

Registration number: SC459181

Copyline Scotland Limited

Unaudited Abbreviated Accounts

for the Period from 17 September 2013 to 30 September 2014

 

A9 Accountancy Limited
Chartered Accountants
Elm House
Cradlehall Business Park
Inverness
IV2 5GH

Copyline Scotland Limited
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 4

Copyline Scotland Limited
(Registration number: SC459181)
Abbreviated Balance Sheet at 30 September 2014

		Note			30 September 2014 £
Fixed assets
Intangible fixed assets					30,572
Tangible fixed assets					750
					31,322
Current assets
Debtors					19,489
Cash at bank and in hand					489
					19,978
Creditors: Amounts falling due within one year					(14,240)
Net current assets					5,738
Total assets less current liabilities					37,060
Provisions for liabilities					(150)
Net assets					36,910
Capital and reserves
Called up share capital		3			100
Profit and loss account					36,810
Shareholders' funds					36,910

For the year ending 30 September 2014 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.

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

Approved by the Board on 7 April 2015 and signed on its behalf by:

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 1

Copyline Scotland Limited
(Registration number: SC459181)
Abbreviated Balance Sheet at 30 September 2014
......... continued

.........................................
Mr David Howell Love
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Copyline Scotland Limited
Notes to the Abbreviated Accounts for the Period from 17 September 2013 to 30 September 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Amortisation

Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Amortisation method and rate
Goodwill	5% straight line basis

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office Equipment	25% reducing balance basis

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 3

Copyline Scotland Limited
Notes to the Abbreviated Accounts for the Period from 17 September 2013 to 30 September 2014
......... continued

2	Fixed assets

		Intangible assets £			Tangible assets £			Total £
Cost
Additions		32,181			1,000			33,181
At 30 September 2014		32,181			1,000			33,181
Depreciation
Charge for the period		1,609			250			1,859
At 30 September 2014		1,609			250			1,859
Net book value
At 30 September 2014		30,572			750			31,322

3	Share capital

Allotted, called up and fully paid shares

	30 September 2014
		No.			£
Ordinary of £1 each		100			100

New shares allotted

During the period 100 Ordinary shares having an aggregate nominal value of £1 were allotted for an aggregate consideration of £100.

4

Control

The company is controlled by the directors.

Page 4