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REGISTERED NUMBER: SC259880 (Scotland)















Financial Statements for the Year Ended 31 March 2024

for

Colin Armstrong Associates Limited

Colin Armstrong Associates Limited (Registered number: SC259880)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Colin Armstrong Associates Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: C Armstrong
Mrs S Armstrong





SECRETARY: Mrs S Armstrong





REGISTERED OFFICE: Lyle House
Fairways Business Park
Inverness
IV2 6AA





REGISTERED NUMBER: SC259880 (Scotland)





ACCOUNTANTS: Highland Accountancy Practice
Chartered Accountants
Suite 1A, Willow House
Stoneyfield Business Park
Inverness
Highland
IV2 7PA

Colin Armstrong Associates Limited (Registered number: SC259880)

Abridged Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 200,871 216,546
Investments 5 2,750 2,750
203,621 219,296

CURRENT ASSETS
Debtors 174,110 174,489
Cash at bank 1,262,862 1,364,495
1,436,972 1,538,984
CREDITORS
Amounts falling due within one year 59,218 100,494
NET CURRENT ASSETS 1,377,754 1,438,490
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,581,375

1,657,786

CAPITAL AND RESERVES
Called up share capital 500 500
Retained earnings 1,580,875 1,657,286
SHAREHOLDERS' FUNDS 1,581,375 1,657,786

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Colin Armstrong Associates Limited (Registered number: SC259880)

Abridged Balance Sheet - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 and authorised for issue on 30 July 2024 and were signed on its behalf by:





C Armstrong - Director


Colin Armstrong Associates Limited (Registered number: SC259880)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Colin Armstrong Associates 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.

Fee income that is contingent on events outside the control of the company is recognised when the contingent event occurs.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Freehold Property - 2% on cost
Improvements to Property - 2% on cost
Plant and Machinery - 25% on reducing balance
Motor Vehicles - 25% on reducing balance

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation, impairment losses, and reversals of impairment losses (where applicable).

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Colin Armstrong Associates Limited (Registered number: SC259880)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 370,884
Disposals (1,066 )
At 31 March 2024 369,818
DEPRECIATION
At 1 April 2023 154,338
Charge for year 15,419
Eliminated on disposal (810 )
At 31 March 2024 168,947
NET BOOK VALUE
At 31 March 2024 200,871
At 31 March 2023 216,546

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 April 2023
and 31 March 2024 2,750
NET BOOK VALUE
At 31 March 2024 2,750
At 31 March 2023 2,750

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
C Armstrong and Mrs S Armstrong
Balance outstanding at start of year (33,394 ) (34,407 )
Amounts advanced 71,660 1,013
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 38,266 (33,394 )

7. ULTIMATE CONTROLLING PARTY

The controlling party is C Armstrong.