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 2017

FOR

COBRA FIRE PROTECTION LIMITED

COBRA FIRE PROTECTION LIMITED (REGISTERED NUMBER: SC400783)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2017




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 2017







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 2017

31.10.17 31.10.16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,058 8,823

CURRENT ASSETS
Debtors 5 26,718 9,684
Cash at bank and in hand 3,823 6,602
30,541 16,286
CREDITORS
Amounts falling due within one year 6 33,596 23,527
NET CURRENT LIABILITIES (3,055 ) (7,241 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,003

1,582

CREDITORS
Amounts falling due after more than one
year

7

2,960

5,920
NET ASSETS/(LIABILITIES) 1,043 (4,338 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 1,042 (4,339 )
SHAREHOLDERS' FUNDS 1,043 (4,338 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2017 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 2017


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 director on 31 July 2018 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 2017

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 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 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 1 .

COBRA FIRE PROTECTION LIMITED (REGISTERED NUMBER: SC400783)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2017

4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1 November 2016
and 31 October 2017 18,600
DEPRECIATION
At 1 November 2016 9,777
Charge for year 1,765
At 31 October 2017 11,542
NET BOOK VALUE
At 31 October 2017 7,058
At 31 October 2016 8,823

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 November 2016
and 31 October 2017 14,800
DEPRECIATION
At 1 November 2016 7,222
Charge for year 1,516
At 31 October 2017 8,738
NET BOOK VALUE
At 31 October 2017 6,062
At 31 October 2016 7,578

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.17 31.10.16
£    £   
Trade debtors 26,718 9,684

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.17 31.10.16
£    £   
Hire purchase contracts 2,960 2,960
Tax 26,866 16,995
Social security and other taxes 95 343
VAT 2,865 1,966
Other creditors 82 895
Directors' current accounts 728 368
33,596 23,527

COBRA FIRE PROTECTION LIMITED (REGISTERED NUMBER: SC400783)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2017

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.17 31.10.16
£    £   
Hire purchase contracts 2,960 5,920

8. RELATED PARTY DISCLOSURES

The director of the company was owed £728 (2016- £368) at the year end. £728 was the maximum amount
outstanding during the year.