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REGISTERED NUMBER: SC333381 (Scotland)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

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 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


A CANADIAN IN EUROPE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2017







DIRECTOR: T C Martin





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





REGISTERED NUMBER: SC333381 (Scotland)





ACCOUNTANTS: Henderson Loggie
Gordon Chambers
90 Mitchell Street
Glasgow
Lanarkshire
G1 3NQ

A CANADIAN IN EUROPE LTD (REGISTERED NUMBER: SC333381)

BALANCE SHEET
31 MARCH 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,167 6,386

CURRENT ASSETS
Debtors 5 1,491 105
Cash at bank 503 1,115
1,994 1,220
CREDITORS
Amounts falling due within one year 6 6,492 11,814
NET CURRENT LIABILITIES (4,498 ) (10,594 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(331

)

(4,208

)

PROVISIONS FOR LIABILITIES 7 792 1,277
NET LIABILITIES (1,123 ) (5,485 )

CAPITAL AND RESERVES
Called up share capital 12 12
Retained earnings (1,135 ) (5,497 )
SHAREHOLDERS' FUNDS (1,123 ) (5,485 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 20 December 2017 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 2017

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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis which assumes that the company will
continue in operational existence for the foreseeable future. The company's liabilities exceeded its assets by
£1,123 at 31 March 2017 (2016 - £5,485). The company is thus dependent on the continued financial support of
its creditors. The director is confident of this continuing support and of the company's long term trading
prospects and on this basis considers it appropriate to prepare the financial statements on the going concern
basis. The financial statements do not include any adjustments that would result from the withdrawal of financial
support.

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 .

A CANADIAN IN EUROPE LTD (REGISTERED NUMBER: SC333381)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2017

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2016
and 31 March 2017 6,294 3,862 2,464 12,620
DEPRECIATION
At 1 April 2016 1,574 3,026 1,634 6,234
Charge for year 1,180 209 830 2,219
At 31 March 2017 2,754 3,235 2,464 8,453
NET BOOK VALUE
At 31 March 2017 3,540 627 - 4,167
At 31 March 2016 4,720 836 830 6,386

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 1,392 -
Other debtors 99 105
1,491 105

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Taxation and social security 3,965 2,644
Other creditors 2,527 9,170
6,492 11,814

7. PROVISIONS FOR LIABILITIES
2017 2016
£    £   
Deferred tax 792 1,277

Deferred
tax
£   
Balance at 1 April 2016 1,277
Provided during year (485 )
Balance at 31 March 2017 792

A CANADIAN IN EUROPE LTD (REGISTERED NUMBER: SC333381)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2017

8. FIRST YEAR ADOPTION

The financial statements of A Canadian In Europe Ltd for the year ended 31 March 2017 are the first financial
statements prepared in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and
Republic of Ireland. The date of transition to FRS 102 was 1 April 2016. The reported financial position and
financial performance for the previous period have not required any adjustments by the transition to FRS 102.