Cumming & Co. (Aberdeen) Ltd. - Accounts to registrar - small 17.1.1

REGISTERED NUMBER: SC248131 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2017

FOR

CUMMING & CO. (ABERDEEN) LTD.

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

Report of the Accountants

6

DIRECTORS:

M Taylor

G R Strachan

Mrs N Forsyth

SECRETARY:

M Taylor

REGISTERED OFFICE:

Albion House

6 Castlehill

Aberdeen

AB11 5GJ

REGISTERED NUMBER:

SC248131 (Scotland)

ACCOUNTANTS:

Acumen Accountants and Advisors Limited

Bon Accord House

Riverside Drive

Aberdeen

Aberdeenshire

AB11 7SL

FIXED ASSETS

Tangible assets

5

11,576

19,853

CURRENT ASSETS

Debtors

6

105,094

77,056

Cash at bank

138,925

99,191

244,019

176,247

CREDITORS

Amounts falling due within one year

7

81,559

74,649

NET CURRENT ASSETS

162,460

101,598

TOTAL ASSETS LESS CURRENT LIABILITIES

174,036

121,451

PROVISIONS FOR LIABILITIES

8

2,281

3,489

NET ASSETS

171,755

117,962

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

10

171,655

117,862

SHAREHOLDERS' FUNDS

171,755

117,962

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 12 July 2017 and were signed on its behalf by:

M Taylor - Director

1.	STATUTORY INFORMATION

Cumming & Co (Aberdeen) Limited is a private company, limited by shares, domiciled in Scotland, registration number SC248131. The

registered office is 6 Castlehill, Aberdeen, AB11 5GJ.

2.	STATEMENT OF COMPLIANCE

Te accounts have been prepared in accordance with the provisions of FRS 102 Section 1A small entities.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged

from the previous year, and also have been consistently applied within the same accounts.

These financial statements for the year ended 30 April 2017 are the first financial statements that comply with FRS 102 Section 1A small

entities. The date of transition is 1 May 2015.

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

The assets' residual values and useful lives are reviewed and adjusted, if appropriate, at the end of each reporting period. The effect of

any change is accounted for prospectively.

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 that have been enacted or substantively enacted

by the statement of financial position date.

Deferred tax

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

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to

profit or loss in the period to which they relate.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2016 - 10 ) .

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 May 2016

6,185

2,198

15,059

51,063

74,505

Additions

-

-

3,304

307

3,611

Disposals

-

(2,198

)

-

(3,285

)

(5,483

)

At 30 April 2017

6,185

-

18,363

48,085

72,633

DEPRECIATION

At 1 May 2016

5,689

341

10,767

37,855

54,652

Charge for year

175

-

1,277

8,579

10,031

Eliminated on disposal

-

(341

)

-

(3,285

)

(3,626

)

At 30 April 2017

5,864

-

12,044

43,149

61,057

NET BOOK VALUE

At 30 April 2017

321

-

6,319

4,936

11,576

At 30 April 2016

496

1,857

4,292

13,208

19,853

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

53,864

26,440

Prepayments and accrued income

51,230

50,616

105,094

77,056

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Tax

31,847

29,263

Social security and other taxes

961

2,890

VAT

20,231

8,457

Other creditors

23,202

29,790

Accruals & deferred income

5,318

4,249

81,559

74,649

8.	PROVISIONS FOR LIABILITIES

2017

2016

£

£

Deferred tax

2,281

3,489

Deferred

tax

£

Balance at 1 May 2016

3,489

Credit to Income Statement during year

(1,208

)

Balance at 30 April 2017

2,281

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

50

A Ordinary Shares

£1

50

50

50

B Ordinary Shares

£1

50

50

100

100

10.

RESERVES

Retained

earnings

£

At 1 May 2016

117,862

Profit for the year

116,573

Dividends

(62,780

)

At 30 April 2017

171,655

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M Taylor.

The following reproduces the text of the report prepared for the directors and members 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 Statement of Financial Position.

Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to

be filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 30 April 2017 set out on pages to and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Acumen Accountants and Advisors Limited

Bon Accord House

Riverside Drive

Aberdeen

Aberdeenshire

AB11 7SL

31 July 2017