CVS Burnham Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: SC036522 (Scotland)

Unaudited Financial Statements for the Year Ended 30 April 2017

for

CVS Burnham Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Miss C Burnham

Mrs V Scrivenor

M Burnham

SECRETARY:

M Burnham

REGISTERED OFFICE:

Highfields

7 Southwood Road

Troon

KA10 7EL

REGISTERED NUMBER:

SC036522 (Scotland)

ACCOUNTANTS:

McLellan Harris & Co.

Waterloo Chambers

19 Waterloo Street

Glasgow

G2 6AY

FIXED ASSETS

Tangible assets

4

5,821

7,756

CURRENT ASSETS

Stocks

9,859

12,476

Debtors

5

234,948

229,533

Cash at bank and in hand

23,556

26,529

268,363

268,538

CREDITORS

Amounts falling due within one year

6

(63,716

)

(88,246

)

NET CURRENT ASSETS

204,647

180,292

TOTAL ASSETS LESS CURRENT LIABILITIES

210,468

188,048

CAPITAL AND RESERVES

Called up share capital

11,000

11,000

Retained earnings

199,468

177,048

SHAREHOLDERS' FUNDS

210,468

188,048

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 30 January 2018 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 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.

Improvements to property

-

4% on cost

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 9 .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Motor

property

machinery

vehicles

Totals

£

£

£

£

COST

At 1 May 2016

and 30 April 2017

11,700

100,341

10,106

122,147

DEPRECIATION

At 1 May 2016

11,699

95,116

7,576

114,391

Charge for year

-

1,305

630

1,935

At 30 April 2017

11,699

96,421

8,206

116,326

NET BOOK VALUE

At 30 April 2017

1

3,920

1,900

5,821

At 30 April 2016

1

5,225

2,530

7,756

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.17

30.4.16

£

£

Other debtors

234,948

229,533

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.17

30.4.16

£

£

Trade creditors

2,928

11,715

Taxation and social security

14,189

16,832

Other creditors

46,599

59,699

63,716

88,246