Columbus Legal Solutions Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: SC476163 (Scotland)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 25 APRIL 2014 TO 30 APRIL 2015

FOR

COLUMBUS LEGAL SOLUTIONS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

A Reid

I Close

REGISTERED OFFICE:

617 Pollokshaws Road

Glasgow

G41 2QG

REGISTERED NUMBER:

SC476163 (Scotland)

ACCOUNTANTS:

Donachie Chartered Accountants

Suite 23, 2 Floor

Templeton House

62 Templeton Street

Glasgow

G40 1DA

FIXED ASSETS

Tangible assets

2

970

CURRENT ASSETS

Debtors

2,125

Cash at bank

4,385

6,510

CREDITORS

Amounts falling due within one year

15,564

NET CURRENT LIABILITIES

(9,054

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(8,084

)

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

(8,085

)

SHAREHOLDERS' FUNDS

(8,084

)

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2015.

The members have not required the Company to obtain an audit of its financial statements for the period ended 30 April 2015 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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 19 January 2016 and were signed on its behalf by:

A Reid - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for

Smaller Entities (effective April 2008).

The financial statements have been prepared on the going concern basis, the validity of which depends upon the continued support of the

Company's directors and shareholders. At the balance sheet date the company's liabilities exceeded it's assets by £8,084.

The Company meets its day to day working capital requirements with the support of its directors and shareholder who have agreed not to seek

repayment of the amounts owed to them in advance of other creditors.

For the above reason the directors consider it appropriate to prepare the financial statements on a going concern basis.

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a small company.

Turnover

The turnover shown in the profit and loss account represents the value of all services delivered during the year at a selling price exclusive of Value

Added Tax. Sales are recognised at the point at which the Company has fulfilled its contractual obligations to the customer.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions

or events have occurred at that date will result in an obligation to pay more tax, or a right to pay less tax, or a right to receive a repayment of tax.

Deferred tax assets are recognised only to the extent that directors consider it more likely that not that there will be suitable taxable profits from

the future reversal of the underlying timing differences can be deducted. Deferred tax assets and liabilities recognised have not been discounted.

Deferred tax is measured on a non-discounted basis at the average rates that are expected to apply in the periods in which timing differences

reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

Financial instruments

Financial instruments are classified and accounted for as financial assets, financial liabilities or equity instruments, according to the substance of

the contractual arrangement.

Financial instruments which are assets are stated at cost less any provision for impairment. Financial liabilities are stated at principal capital

amounts outstanding at the period end. Issue costs relating to financial liabilities are deducted from the outstanding balance and are amortised

over the period to the due date for repayment of the financial liability.

An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. A financial

liability is any contractual arrangement for an entity to deliver cash to the holder of the associated financial instrument.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

991

At 30 April 2015

991

DEPRECIATION

Charge for period

21

At 30 April 2015

21

NET BOOK VALUE

At 30 April 2015

970

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

1

Ordinary

£1

1

1 Ordinary share of £1 was allotted and fully paid for cash at par during the period.