CVS Burnham Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC036522 (Scotland)

Unaudited Financial Statements for the Year Ended 30 April 2021

for

CVS Burnham Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M Burnham

Mrs S Burnham

REGISTERED OFFICE:

7 Braemoor Road

Troon

KA10 7FN

REGISTERED NUMBER:

SC036522 (Scotland)

ACCOUNTANTS:

C A I Morton & Co

Chartered Accountants

Suite 15, Central Chambers

11 Bothwell Street

Glasgow

G2 6LY

FIXED ASSETS

Tangible assets

4

1,845

2,460

CURRENT ASSETS

Stocks

6,606

8,691

Debtors

5

340

460

Cash at bank and in hand

50,968

55,684

57,914

64,835

CREDITORS

Amounts falling due within one year

6

71,803

93,212

NET CURRENT LIABILITIES

(13,889

)

(28,377

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(12,044

)

(25,917

)

CAPITAL AND RESERVES

Called up share capital

11,000

11,000

Retained earnings

(23,044

)

(36,917

)

SHAREHOLDERS' FUNDS

(12,044

)

(25,917

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2021 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 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 Board of Directors and authorised for issue on 24 January 2022 and were signed on its behalf by:

M Burnham - Director

1.	STATUTORY INFORMATION

CVS Burnham 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.

Freehold property

-

at variable rates on reducing balance

Motor vehicles

-

25% 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.

Hire purchase and leasing commitments

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 8 (2020 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

property

machinery

vehicles

Totals

£

£

£

£

COST

At 1 May 2020

and 30 April 2021

11,700

100,341

10,106

122,147

DEPRECIATION

At 1 May 2020

11,699

98,686

9,302

119,687

Charge for year

-

415

200

615

At 30 April 2021

11,699

99,101

9,502

120,302

NET BOOK VALUE

At 30 April 2021

1

1,240

604

1,845

At 30 April 2020

1

1,655

804

2,460

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.21

30.4.20

£

£

Other debtors

340

460

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.21

30.4.20

£

£

Trade creditors

373

6,460

Taxation and social security

350

2,762

Other creditors

71,080

83,990

71,803

93,212