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REGISTERED NUMBER: SC294780 (Scotland)















Unaudited Financial Statements for the Year Ended 28 February 2022

for

Tayside Holdings (No. 2) Limited

Tayside Holdings (No. 2) Limited (Registered number: SC294780)






Contents of the Financial Statements
for the Year Ended 28 February 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Tayside Holdings (No. 2) Limited

Company Information
for the Year Ended 28 February 2022







DIRECTORS: G N Fuller
Mrs E A Fuller





REGISTERED OFFICE: 144 Nethergate
Dundee
DD1 4EB





REGISTERED NUMBER: SC294780 (Scotland)





ACCOUNTANTS: Douglas Home & Co Ltd
Chartered Accountants
47-49 The Square
Kelso
Roxburghshire
TD5 7HW

Tayside Holdings (No. 2) Limited (Registered number: SC294780)

Balance Sheet
28 February 2022

28/2/22 28/2/21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 72,516
Investments 5 1,550 1,550
1,550 74,066

CURRENT ASSETS
Debtors 6 408,104 382,700
Cash at bank 109,014 155,303
517,118 538,003
CREDITORS
Amounts falling due within one year 7 18,726 112,865
NET CURRENT ASSETS 498,392 425,138
TOTAL ASSETS LESS CURRENT
LIABILITIES

499,942

499,204

CREDITORS
Amounts falling due after more than one
year

8

39,167

57,190
NET ASSETS 460,775 442,014

CAPITAL AND RESERVES
Called up share capital 10,500 10,500
Retained earnings 450,275 431,514
460,775 442,014

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Tayside Holdings (No. 2) Limited (Registered number: SC294780)

Balance Sheet - continued
28 February 2022


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:





G Thomson - Director


Tayside Holdings (No. 2) Limited (Registered number: SC294780)

Notes to the Financial Statements
for the Year Ended 28 February 2022

1. STATUTORY INFORMATION

Tayside Holdings (No. 2) 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.
Plant and machinery - 33% on cost
Fixtures and fittings - 33% on cost
Motor vehicles - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

Tayside Holdings (No. 2) Limited (Registered number: SC294780)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2022

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 March 2021 4,250 6,016 108,890 119,156
Disposals (4,250 ) (6,016 ) (108,890 ) (119,156 )
At 28 February 2022 - - - -
DEPRECIATION
At 1 March 2021 1,416 6,016 39,208 46,640
Eliminated on disposal (1,416 ) (6,016 ) (39,208 ) (46,640 )
At 28 February 2022 - - - -
NET BOOK VALUE
At 28 February 2022 - - - -
At 28 February 2021 2,834 - 69,682 72,516

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 March 2021
and 28 February 2022 1,550
NET BOOK VALUE
At 28 February 2022 1,550
At 28 February 2021 1,550

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/22 28/2/21
£    £   
Trade debtors - 1,533
Other debtors 367,331 367,331
Directors' loan accounts 40,773 -
Tax - 13,500
VAT - 336
408,104 382,700

Tayside Holdings (No. 2) Limited (Registered number: SC294780)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2022

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/22 28/2/21
£    £   
Bank loans and overdrafts (see note 9) 10,000 50,000
Hire purchase contracts - 8,422
VAT 1,227 -
Directors' loan accounts - 51,524
Accrued expenses 7,499 2,919
18,726 112,865

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28/2/22 28/2/21
£    £   
Bank loans (see note 9) 39,167 -
Hire purchase contracts - 57,190
39,167 57,190

9. LOANS

An analysis of the maturity of loans is given below:

28/2/22 28/2/21
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,000 50,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 39,167 -

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the balance due by the directors was £40,773.