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Company Registration No. SC073986 (Scotland)
C.V. Components Limited Unaudited accounts for the year ended 30 June 2024
C.V. Components Limited Unaudited accounts Contents
Page
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C.V. Components Limited Company Information for the year ended 30 June 2024
Director
Mr John Philip Robertson
Company Number
SC073986 (Scotland)
Registered Office
42 HARBOUR ROAD INVERNESS IV1 1UF
Accountants
Ness Business Consulting Ltd 46 Drumfield Road Inverness Scotland IV2 4XQ
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C.V. Components Limited Accountants' report
Accountants' report to the director of C.V. Components Limited on the preparation of the unaudited statutory accounts for the year ended 30 June 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of C.V. Components Limited for the year ended 30 June 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of C.V. Components Limited , as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of C.V. Components Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than C.V. Components Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that C.V. Components Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of C.V. Components Limited . You consider that C.V. Components Limited 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 accounts of C.V. Components Limited . 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 accounts.
Ness Business Consulting Ltd 46 Drumfield Road Inverness Scotland IV2 4XQ 18 November 2024
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C.V. Components Limited Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
57,049 
76,011 
Current assets
Inventories
332,391 
379,293 
Debtors
89,521 
64,223 
Cash at bank and in hand
150,666 
121,473 
572,578 
564,989 
Creditors: amounts falling due within one year
(33,823)
(11,512)
Net current assets
538,755 
553,477 
Total assets less current liabilities
595,804 
629,488 
Creditors: amounts falling due after more than one year
- 
(31,285)
Provisions for liabilities
Deferred tax
(10,808)
(14,411)
Net assets
584,996 
583,792 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
584,896 
583,692 
Shareholders' funds
584,996 
583,792 
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 November 2024 and were signed on its behalf by
Mr John Philip Robertson Director Company Registration No. SC073986
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C.V. Components Limited Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
C.V. Components Limited is a private company, limited by shares, registered in Scotland, registration number SC073986. The registered office is 42 HARBOUR ROAD, INVERNESS, IV1 1UF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 July 2023
151,482 
57,769 
57,695 
266,946 
At 30 June 2024
151,482 
57,769 
57,695 
266,946 
Depreciation
At 1 July 2023
90,421 
47,787 
52,727 
190,935 
Charge for the year
15,265 
2,496 
1,201 
18,962 
At 30 June 2024
105,686 
50,283 
53,928 
209,897 
Net book value
At 30 June 2024
45,796 
7,486 
3,767 
57,049 
At 30 June 2023
61,061 
9,982 
4,968 
76,011 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
404 
- 
Trade debtors
89,117 
64,223 
89,521 
64,223 
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C.V. Components Limited Notes to the Accounts for the year ended 30 June 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
15,838 
5,794 
Trade creditors
3,350 
(1,896)
Taxes and social security
7,863 
7,227 
Other creditors
328 
- 
Loans from directors
6,284 
- 
Accruals
160 
387 
33,823 
11,512 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Loans from directors
- 
31,285 
8
Average number of employees
During the year the average number of employees was 7 (2023: 7).
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