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REGISTERED NUMBER: SC248131 (Scotland)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

CUMMING & CO. (ABERDEEN) LTD.

CUMMING & CO. (ABERDEEN) LTD. (REGISTERED NUMBER: SC248131)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 6

CUMMING & CO. (ABERDEEN) LTD.

COMPANY INFORMATION
for the Year Ended 30 April 2024







DIRECTORS: Mr M Taylor
Mrs N Forsyth





SECRETARY: Mr M Taylor





REGISTERED OFFICE: Albion House
6 Castlehill
Aberdeen
AB11 5GJ





REGISTERED NUMBER: SC248131 (Scotland)





ACCOUNTANTS: Acumen Accountants and Advisors Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeenshire
AB12 4XX

CUMMING & CO. (ABERDEEN) LTD. (REGISTERED NUMBER: SC248131)

BALANCE SHEET
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,408 16,593

CURRENT ASSETS
Debtors 5 114,363 192,010
Cash at bank 248,821 217,442
363,184 409,452
CREDITORS
Amounts falling due within one year 6 59,443 80,412
NET CURRENT ASSETS 303,741 329,040
TOTAL ASSETS LESS CURRENT
LIABILITIES

315,149

345,633

PROVISIONS FOR LIABILITIES 8 1,909 3,101
NET ASSETS 313,240 342,532

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 313,140 342,432
313,240 342,532

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 Board of Directors and authorised for issue on 31 October 2024 and were signed on its behalf by:





Mr M Taylor - Director


CUMMING & CO. (ABERDEEN) LTD. (REGISTERED NUMBER: SC248131)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Cumming & Co. (Aberdeen) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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 - 10% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

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 provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.

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 11 (2023 - 13 ) .

CUMMING & CO. (ABERDEEN) LTD. (REGISTERED NUMBER: SC248131)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 May 2023 4,195 10,086 43,049 57,330
Additions - 491 2,830 3,321
Disposals - - (8,269 ) (8,269 )
At 30 April 2024 4,195 10,577 37,610 52,382
DEPRECIATION
At 1 May 2023 5 7,314 33,418 40,737
Charge for year 419 1,178 6,909 8,506
Eliminated on disposal - - (8,269 ) (8,269 )
At 30 April 2024 424 8,492 32,058 40,974
NET BOOK VALUE
At 30 April 2024 3,771 2,085 5,552 11,408
At 30 April 2023 4,190 2,772 9,631 16,593

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 36,734 102,992
Prepayments and accrued income 77,629 89,018
114,363 192,010

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 321 107
Tax 10,533 22,114
Social security and other taxes 7,398 5,181
VAT 38,930 49,501
Other creditors - 10
Loans 2,261 -
Accruals & deferred income - 3,499
59,443 80,412

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 25,000 25,000
Between one and five years 100,000 100,000
In more than five years 12,500 37,500
137,500 162,500

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 1,909 3,101

CUMMING & CO. (ABERDEEN) LTD. (REGISTERED NUMBER: SC248131)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 May 2023 3,101
Movement (1,192 )
Balance at 30 April 2024 1,909

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
CUMMING & CO. (ABERDEEN) LTD.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Cumming & Co. (Aberdeen) Ltd. for the year ended 30 April 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Cumming & Co. (Aberdeen) Ltd., as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Cumming & Co. (Aberdeen) Ltd. and state those matters that we have agreed to state to the Board of Directors of Cumming & Co. (Aberdeen) Ltd., as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Cumming & Co. (Aberdeen) Ltd. has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Cumming & Co. (Aberdeen) Ltd.. You consider that Cumming & Co. (Aberdeen) Ltd. is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Cumming & Co. (Aberdeen) Ltd.. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Acumen Accountants and Advisors Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeenshire
AB12 4XX


31 October 2024