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
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
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
C.V. Components Limited
Statement of financial position
as at 30 June 2024
Tangible assets
57,049
76,011
Inventories
332,391
379,293
Cash at bank and in hand
150,666
121,473
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
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
C.V. Components Limited
Notes to the Accounts
for the year ended 30 June 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
At 30 June 2024
45,796
7,486
3,767
57,049
At 30 June 2023
61,061
9,982
4,968
76,011
Amounts falling due within one year
Trade debtors
89,117
64,223
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
Trade creditors
3,350
(1,896)
Taxes and social security
7,863
7,227
Loans from directors
6,284
-
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).