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REGISTERED NUMBER: SC192592 (Scotland)















Financial Statements

for the Year Ended 31 December 2021

for

Bon-Accord Engineering Supplies
(Caspian) Limited

Bon-Accord Engineering Supplies
(Caspian) Limited (Registered number: SC192592)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Bon-Accord Engineering Supplies
(Caspian) Limited

Company Information
for the Year Ended 31 December 2021







DIRECTORS: Mr I A Akhundov
Mr R P Moult



REGISTERED OFFICE: Suite 2, Ground Floor
Orchard Brae House
30 Queensferry Road
Edinburgh
EH4 2HS



REGISTERED NUMBER: SC192592 (Scotland)



SENIOR STATUTORY AUDITOR: John Hannah



AUDITORS: SBP
Accountants and
Registered Auditors
42 Queens Road
Aberdeen
AB15 4YE

Bon-Accord Engineering Supplies
(Caspian) Limited (Registered number: SC192592)

Balance Sheet
31 December 2021

31.12.21 31.12.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,597 19,978

CURRENT ASSETS
Stocks 5 12,050 -
Debtors 6 638,076 787,059
Cash at bank and in hand 681,395 373,018
1,331,521 1,160,077
CREDITORS
Amounts falling due within one year 7 484,224 539,316
NET CURRENT ASSETS 847,297 620,761
TOTAL ASSETS LESS CURRENT
LIABILITIES

865,894

640,739

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 9 865,892 640,737
SHAREHOLDERS' FUNDS 865,894 640,739

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 7 September 2022 and were signed on its behalf by:





Mr I A Akhundov - Director


Bon-Accord Engineering Supplies
(Caspian) Limited (Registered number: SC192592)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

Bon-Accord Engineering Supplies (Caspian) Limited 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 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 - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 7 (2020 - 6 ) .

Bon-Accord Engineering Supplies
(Caspian) Limited (Registered number: SC192592)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2021 5,204 6,020 78,216 28,949 118,389
Additions - - - 4,427 4,427
At 31 December 2021 5,204 6,020 78,216 33,376 122,816
DEPRECIATION
At 1 January 2021 5,030 5,204 78,216 9,961 98,411
Charge for year 174 453 - 5,181 5,808
At 31 December 2021 5,204 5,657 78,216 15,142 104,219
NET BOOK VALUE
At 31 December 2021 - 363 - 18,234 18,597
At 31 December 2020 174 816 - 18,988 19,978

5. STOCKS
31.12.21 31.12.20
£    £   
Stock 12,050 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Trade debtors 510,471 692,883
Other debtors 28,670 -
VAT 92,764 83,148
Deferred tax asset 5,222 5,815
Prepayments 949 5,213
638,076 787,059

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Trade creditors 412,084 481,250
Social security and other taxes 11,260 8,760
Other creditors 11,083 -
Accrued expenses 49,797 49,306
484,224 539,316

Bon-Accord Engineering Supplies
(Caspian) Limited (Registered number: SC192592)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.12.21 31.12.20
value: £    £   
2 Ordinary £1 2 2

9. RESERVES
Retained
earnings
£   

At 1 January 2021 640,737
Profit for the year 225,155
At 31 December 2021 865,892

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

John Hannah (Senior Statutory Auditor)
for and on behalf of SBP

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr I A Akhundov.