Cour Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: SC491837 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 March 2017

for

COUR LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs F J Nickerson MA Cantab

G H F S Nickerson

SECRETARY:

Mrs F J Nickerson MA Cantab

REGISTERED OFFICE:

Cour

Carradale

Campbeltown

Argyll

PA28 6LQ

REGISTERED NUMBER:

SC491837 (Scotland)

ACCOUNTANTS:

Brown McLeod Limited

Chartered Accountants

51 Clarkegrove Road

Sheffield

South Yorkshire

S10 2NH

FIXED ASSETS

Tangible assets

4

1,764,976

1,622,626

CURRENT ASSETS

Stocks

24,445

28,245

Cash at bank

366,627

197,447

391,072

225,692

CREDITORS

Amounts falling due within one year

6

1,730,482

1,606,362

NET CURRENT LIABILITIES

(1,339,410

)

(1,380,670

)

TOTAL ASSETS LESS CURRENT LIABILITIES

425,566

241,956

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

424,566

240,956

SHAREHOLDERS' FUNDS

425,566

241,956

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 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 Board of Directors on 2 December 2017 and were signed on its behalf by:

G H F S Nickerson - Director

1.	STATUTORY INFORMATION

Cour Limited is a private company, limited by shares , registered in Scotland. The company's registered number

and registered office address can be found on the Company Information page.

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.

Turnover

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

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

Land and buildings

-

2% on cost

Plant and machinery etc

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL.

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2016

1,605,533

19,653

1,625,186

Additions

135,950

15,981

151,931

At 31 March 2017

1,741,483

35,634

1,777,117

DEPRECIATION

At 1 April 2016

760

1,800

2,560

Charge for year

4,800

4,781

9,581

At 31 March 2017

5,560

6,581

12,141

NET BOOK VALUE

At 31 March 2017

1,735,923

29,053

1,764,976

At 31 March 2016

1,604,773

17,853

1,622,626

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade creditors

10,017

4,418

Taxation and social security

44,638

56,913

Other creditors

1,675,827

1,545,031

1,730,482

1,606,362