Cobra Fire Protection Limited - Accounts to registrar (filleted) - small 18.2

Cobra Fire Protection Limited - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: SC400783 (Scotland)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2019

FOR

COBRA FIRE PROTECTION LIMITED

COBRA FIRE PROTECTION LIMITED (REGISTERED NUMBER: SC400783)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COBRA FIRE PROTECTION LIMITED

COMPANY INFORMATION
for the Year Ended 31 October 2019







DIRECTOR: C Peddie





REGISTERED OFFICE: 27 Ingram Street
Glasgow
G1 1HA





REGISTERED NUMBER: SC400783 (Scotland)





ACCOUNTANTS: Kean Jarman & Company
Chartered Accountants
27 Ingram Street
Glasgow
G1 1HA

COBRA FIRE PROTECTION LIMITED (REGISTERED NUMBER: SC400783)

BALANCE SHEET
31 October 2019

31.10.19 31.10.18
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,664 5,647

CURRENT ASSETS
Debtors 5 27,365 14,458
Cash at bank and in hand 3,553 7,123
30,918 21,581
CREDITORS
Amounts falling due within one year 6 25,420 23,308
NET CURRENT ASSETS/(LIABILITIES) 5,498 (1,727 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

20,162

3,920

CREDITORS
Amounts falling due after more than one
year

7

(10,110

)

-

PROVISIONS FOR LIABILITIES (2,786 ) (1,073 )
NET ASSETS 7,266 2,847

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 7,265 2,846
SHAREHOLDERS' FUNDS 7,266 2,847

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2019 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.

COBRA FIRE PROTECTION LIMITED (REGISTERED NUMBER: SC400783)

BALANCE SHEET - continued
31 October 2019


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 8 September 2020 and were signed
by:





C Peddie - Director


COBRA FIRE PROTECTION LIMITED (REGISTERED NUMBER: SC400783)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2019

1. STATUTORY INFORMATION

Cobra Fire Protection 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Motor vehicles - 20% on reducing balance

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases
are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element
of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 1 ) .

COBRA FIRE PROTECTION LIMITED (REGISTERED NUMBER: SC400783)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2019

4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1 November 2018 18,600
Additions 13,480
Disposals (3,800 )
At 31 October 2019 28,280
DEPRECIATION
At 1 November 2018 12,953
Charge for year 3,666
Eliminated on disposal (3,003 )
At 31 October 2019 13,616
NET BOOK VALUE
At 31 October 2019 14,664
At 31 October 2018 5,647

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 November 2018 14,800
Additions 13,480
Transfer to ownership (14,800 )
At 31 October 2019 13,480
DEPRECIATION
At 1 November 2018 9,950
Charge for year 2,696
Transfer to ownership (9,950 )
At 31 October 2019 2,696
NET BOOK VALUE
At 31 October 2019 10,784
At 31 October 2018 4,850

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.19 31.10.18
£    £   
Trade debtors 27,365 14,458

COBRA FIRE PROTECTION LIMITED (REGISTERED NUMBER: SC400783)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2019

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.19 31.10.18
£    £   
Hire purchase contracts 3,370 2,960
Tax 20,528 18,008
VAT 1,125 1,981
Other creditors 202 53
Directors' current accounts 195 306
25,420 23,308

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.19 31.10.18
£    £   
Hire purchase contracts 10,110 -

8. RELATED PARTY DISCLOSURES

The director of the company was owed £195 (2018- £306) at the year end. £306 was the maximum amount
outstanding during the year.