CPL IT Services Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: SC417377 (Scotland)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

CPL IT Services Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

C J Millar

B J Welsh

REGISTERED OFFICE:

Suite 20

Glenbervie Business Centre

Ramoyle House, Glenbervie Business Park

Larbet

FK5 4RB

REGISTERED NUMBER:

SC417377 (Scotland)

ACCOUNTANTS:

Advantage Accounting (Scotland) Ltd

11 Somerset Place

Glasgow

G3 7JT

FIXED ASSETS

Tangible assets

2

1,509

-

CURRENT ASSETS

Stocks

15,404

12,928

Debtors

72,197

146,857

Cash at bank

96,357

104,235

183,958

264,020

CREDITORS

Amounts falling due within one year

78,385

143,057

NET CURRENT ASSETS

105,573

120,963

TOTAL ASSETS LESS CURRENT
LIABILITIES

107,082

120,963

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

106,982

120,863

SHAREHOLDERS' FUNDS

107,082

120,963

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 11 July 2016 and were signed on its behalf by:

B J Welsh - 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 January 2015).

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets

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

Fixtures and fittings

-

15% 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.

Deferred tax

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

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

1,775

At 31 March 2016

1,775

DEPRECIATION

Charge for year

266

At 31 March 2016

266

NET BOOK VALUE

At 31 March 2016

1,509

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

100

Ordinary

£1

100