Company Registration No. SC337401 (Scotland)
CBS SELECTION LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2016
CBS SELECTION LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
CBS SELECTION LIMITED
ABBREVIATED BALANCE SHEET
AS AT
28 FEBRUARY 2016
28 February 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
421
559
Current assets
Debtors
61,386
34,211
Cash at bank and in hand
208,861
160,926
270,247
195,137
Creditors: amounts falling due within one year
(115,994)
(77,480)
Net current assets
154,253
117,657
Total assets less current liabilities
154,674
118,216
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
154,574
118,116
Shareholders' funds
154,674
118,216
For the financial year ended 28 February 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 30 August 2016
Neil McLaughlan
Director
Company Registration No. SC337401
CBS SELECTION LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 28 FEBRUARY 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for services net of VAT.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Computer equipment
33.33% Straight line
1.5
Pensions
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.
2
Fixed assets
Tangible assets
£
Cost
At 1 March 2015
2,073
Additions
275
At 28 February 2016
2,348
Depreciation
At 1 March 2015
1,516
Charge for the year
411
At 28 February 2016
1,927
Net book value
At 28 February 2016
421
At 28 February 2015
559
CBS SELECTION LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2016
- 3 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
70 Ordinary of £1 each
70
70
10 B Ordinary of £1 each
10
10
10 C Ordinary of £1 each
10
10
10 D Ordinary of £1 each
10
10
100
100