IRIS Accounts Production v24.3.0.553 SC422700 director 1.5.23 30.4.24 30.4.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC4227002023-04-30SC4227002024-04-30SC4227002023-05-012024-04-30SC4227002022-04-30SC4227002022-05-012023-04-30SC4227002023-04-30SC422700ns15:Scotland2023-05-012024-04-30SC422700ns14:PoundSterling2023-05-012024-04-30SC422700ns10:Director12023-05-012024-04-30SC422700ns10:PrivateLimitedCompanyLtd2023-05-012024-04-30SC422700ns10:SmallEntities2023-05-012024-04-30SC422700ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-30SC422700ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-30SC422700ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-30SC422700ns10:FullAccounts2023-05-012024-04-30SC422700ns5:CurrentFinancialInstruments2024-04-30SC422700ns5:CurrentFinancialInstruments2023-04-30SC422700ns5:ShareCapital2024-04-30SC422700ns5:ShareCapital2023-04-30SC422700ns5:RetainedEarningsAccumulatedLosses2024-04-30SC422700ns5:RetainedEarningsAccumulatedLosses2023-04-30SC422700ns5:PlantMachinery2023-05-012024-04-30SC422700ns5:ComputerEquipment2023-05-012024-04-30SC422700ns5:PlantMachinery2023-04-30SC422700ns5:ComputerEquipment2023-04-30SC422700ns5:PlantMachinery2024-04-30SC422700ns5:ComputerEquipment2024-04-30SC422700ns5:PlantMachinery2023-04-30SC422700ns5:ComputerEquipment2023-04-30SC422700ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-30SC422700ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-30
REGISTERED NUMBER: SC422700 (Scotland)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

CF Scotland Ltd.

CF Scotland Ltd. (Registered number: SC422700)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


CF Scotland Ltd. (Registered number: SC422700)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,811 1,875

CURRENT ASSETS
Debtors 5 96,140 83,454
Investments 6 187,847 52,686
Cash at bank 25,221 145,299
309,208 281,439
CREDITORS
Amounts falling due within one year 7 (18,555 ) (27,820 )
NET CURRENT ASSETS 290,653 253,619
TOTAL ASSETS LESS CURRENT
LIABILITIES

292,464

255,494

PROVISIONS FOR LIABILITIES (300 ) (283 )
NET ASSETS 292,164 255,211

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 292,163 255,210
SHAREHOLDERS' FUNDS 292,164 255,211

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 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.

CF Scotland Ltd. (Registered number: SC422700)

Balance Sheet - continued
30 April 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 1 November 2024 and were signed by:





Mr B Shotliff - Director


CF Scotland Ltd. (Registered number: SC422700)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

CF Scotland Limited is a private company, limited by shares, domiciled in Scotland, registration number SC422700. The registered office is 28 Annet Road, Denny, Stirlingshire, FK6 5LN.

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 net invoiced sales of services in respect of fibre optic technicians , excluding value added tax. Sales are recognised at the point at which the service is complete.

Tangible fixed assets and depreciation
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 cost
Computer equipment - 33% on cost

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

Financial instruments
Current asset investments represent an investment portfolio and this is held at fair value.

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.

CF Scotland Ltd. (Registered number: SC422700)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

Provisions
Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 May 2023 13,075 6,446 19,521
Additions - 1,166 1,166
At 30 April 2024 13,075 7,612 20,687
DEPRECIATION
At 1 May 2023 12,981 4,665 17,646
Charge for year 54 1,176 1,230
At 30 April 2024 13,035 5,841 18,876
NET BOOK VALUE
At 30 April 2024 40 1,771 1,811
At 30 April 2023 94 1,781 1,875

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 28,140 15,454
Other debtors 68,000 68,000
96,140 83,454

6. CURRENT ASSET INVESTMENTS
30.4.24 30.4.23
£    £   
Listed investments 58,390 -
Other 129,457 52,686
187,847 52,686

CF Scotland Ltd. (Registered number: SC422700)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors - 1,070
Taxation and social security 15,043 24,319
Other creditors 3,512 2,431
18,555 27,820