CPA (Scotland) Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: SC319010 (Scotland)

CPA (SCOTLAND) LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

6

DIRECTOR:

D J Thorpe

SECRETARY:

Hardie Caldwell LLP

REGISTERED OFFICE:

c/o Hardie Caldwell LLP

Citypoint 2

25 Tyndrum Street

Glasgow

G4 0JY

REGISTERED NUMBER:

SC319010 (Scotland)

ACCOUNTANTS:

Hardie Caldwell LLP

Chartered Accountants

Citypoint 2

25 Tyndrum Street

Glasgow

G4 0JY

FIXED ASSETS

Intangible assets

4

15,125

16,625

Tangible assets

5

8,538

1,281

Investments

6

10,000

10,000

33,663

27,906

CURRENT ASSETS

Debtors

7

47,354

58,562

Cash at bank

137,988

128,714

185,342

187,276

CREDITORS

Amounts falling due within one year

8

29,165

30,725

NET CURRENT ASSETS

156,177

156,551

TOTAL ASSETS LESS CURRENT LIABILITIES

189,840

184,457

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

189,740

184,357

SHAREHOLDERS' FUNDS

189,840

184,457

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 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 director on 30 November 2017 and were signed by:

D J Thorpe - Director

1.	STATUTORY INFORMATION

CPA (Scotland) Limited is a private company, limited by shares, registered in Scotland. The company's

registered number is SC319010 and its registered office is Citypoint 2, 25 Tyndrum Street, Glasgow, G4 0JY.

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.

This is the first year in which the financial statements have been prepared under FRS 102. The transition from

preparing the financial statements in accordance with FRSSE (2015) to FRS 102 (1A) has had no material

impact on either the financial position or the financial performance as previously reported by the company.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable.

Turnover represents net invoiced sales of goods, excluding value added tax, attributable to the one principal

activity of the company being that of construction planning.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

Depreciation of fixed assets is calculated to write off the cost or valuation less any residual value over their

estimated useful lives as follows:

Plant & machinery

25% reducing balance

Computer equipment

33% reducing balance

Pension costs and other post-retirement benefits

The company contributes to the director's personal pension plans. Contributions payable to the personal pension

plans are charged to the profit and loss account in the period to which they relate.

Financial instruments

Debtors

Trade debtors and other debtors are recognised at the settlement amount due with appropriate allowances for any

irrecoverable amounts when there is objective evidence that the asset is impaired.

Cash and cash equivalents

Cash and cash equivalents in the balance sheet comprise cash on hand and cash at bank with a short term of

maturity, being twelve months or less, from the opening of the deposit or similar account.

Creditors

Trade creditors and other creditors are recognised where the company has a present obligation resulting from a

past event and are recognised at the settlement amount due after allowing for any trade discounts due.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2016 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 March 2016

and 28 February 2017

30,000

AMORTISATION

At 1 March 2016

13,375

Charge for year

1,500

At 28 February 2017

14,875

NET BOOK VALUE

At 28 February 2017

15,125

At 29 February 2016

16,625

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 March 2016

574

-

4,705

5,279

Additions

-

9,867

399

10,266

Disposals

-

-

(2,969

)

(2,969

)

At 28 February 2017

574

9,867

2,135

12,576

DEPRECIATION

At 1 March 2016

499

-

3,499

3,998

Charge for year

19

2,467

367

2,853

Eliminated on disposal

-

-

(2,813

)

(2,813

)

At 28 February 2017

518

2,467

1,053

4,038

NET BOOK VALUE

At 28 February 2017

56

7,400

1,082

8,538

At 29 February 2016

75

-

1,206

1,281

6.	FIXED ASSET INVESTMENTS

£

FAIR VALUE

At 1 March 2016

10,000

Additions

-

Revaluations

-

At 28 February 2017

10,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

14,525

9,994

Other debtors

32,829

48,568

47,354

58,562

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

1,724

2,958

Taxation and social security

24,536

25,392

Other creditors

2,905

2,375

29,165

30,725

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28/02/17

29/02/16

value:

£

£

Ordinary 'A'

£1

90

100

Ordinary 'B'

£1

10

-

100

100

During the year 10 Ordinary A shares were re-designated to Ordinary B shares.

10.	RELATED PARTY DISCLOSURES

At the reporting date the amount owed to the company by the director was £32,625 (2016: £48,364)

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of CPA (Scotland) Limited for the year ended 28 February 2017 which comprise the Income

Statement, Other Comprehensive Income, Balance Sheet, and the related notes from the company's accounting records

and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the director of CPA (Scotland) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of CPA (Scotland) Limited and state those matters that we have agreed to state to the director of CPA (Scotland) Limited in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that CPA (Scotland) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of CPA (Scotland) Limited. You consider that CPA (Scotland) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of CPA (Scotland) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Hardie Caldwell LLP

Chartered Accountants

Citypoint 2

25 Tyndrum Street

Glasgow

G4 0JY

30 November 2017