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REGISTERED NUMBER: SC333381 (Scotland)













Unaudited Financial Statements

for the Year Ended 31 March 2024

for

A CANADIAN IN EUROPE LTD

A CANADIAN IN EUROPE LTD (REGISTERED NUMBER: SC333381)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A CANADIAN IN EUROPE LTD

Company Information
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: T C Martin





REGISTERED OFFICE: 6th Floor, Gordon Chambers
90 Mitchell Street
Glasgow
G1 3NQ





REGISTERED NUMBER: SC333381 (Scotland)





ACCOUNTANTS: Cornerstone Glasgow Ltd
6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
Lanarkshire
G1 3NQ

A CANADIAN IN EUROPE LTD (REGISTERED NUMBER: SC333381)

Balance Sheet
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,307 5,022

CURRENT ASSETS
Debtors 5 1,400 849
Cash at bank 12,084 31,638
13,484 32,487
CREDITORS
Amounts falling due within one year 6 14,267 28,590
NET CURRENT (LIABILITIES)/ASSETS (783 ) 3,897
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,524

8,919

PROVISIONS FOR LIABILITIES 1,008 954
NET ASSETS 3,516 7,965

CAPITAL AND RESERVES
Called up share capital 12 12
Retained earnings 3,504 7,953
SHAREHOLDERS' FUNDS 3,516 7,965

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 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.

A CANADIAN IN EUROPE LTD (REGISTERED NUMBER: SC333381)

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.

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 and authorised for issue on 19 September 2024 and were signed by:





T C Martin - Director


A CANADIAN IN EUROPE LTD (REGISTERED NUMBER: SC333381)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

A Canadian In Europe Ltd 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 represents the amounts derived from the provision of goods and services which fall within the company's ordinary activities and is stated net of Value Added Tax. Revenue is recognised on provision of services.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on a reducing balance basis
Fixtures and fittings - 25% on a reducing balance basis
Computer equipment - 33% on a straight line basis

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

A CANADIAN IN EUROPE LTD (REGISTERED NUMBER: SC333381)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 6,294 4,771 12,356 23,421
Additions 2,278 1,783 - 4,061
At 31 March 2024 8,572 6,554 12,356 27,482
DEPRECIATION
At 1 April 2023 5,664 4,340 8,395 18,399
Charge for year 727 554 2,495 3,776
At 31 March 2024 6,391 4,894 10,890 22,175
NET BOOK VALUE
At 31 March 2024 2,181 1,660 1,466 5,307
At 31 March 2023 630 431 3,961 5,022

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,400 756
Other debtors - 93
1,400 849

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 9,295 17,093
Other creditors 4,972 11,497
14,267 28,590