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REGISTERED NUMBER: SC113642 (Scotland)









HALL AITKEN ASSOCIATES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023






HALL AITKEN ASSOCIATES LIMITED (REGISTERED NUMBER: SC113642)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023




Page

Company Information 1

Chartered Certified Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


HALL AITKEN ASSOCIATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTORS: J Wyatt
P Buchanan



REGISTERED OFFICE: 4/2 Atlantic Chambers
45 Hope Street
Glasgow
G2, 6AE



REGISTERED NUMBER: SC113642 (Scotland)



ACCOUNTANTS: russell + russell
Chartered Certified Accountants
4 Royal Crescent
Glasgow
G3 7SL



BANKERS: The Royal Bank of Scotland

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
HALL AITKEN ASSOCIATES LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Hall Aitken Associates Limited for the year ended 31st March 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Hall Aitken Associates Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Hall Aitken Associates Limited and state those matters that we have agreed to state to the Board of Directors of Hall Aitken Associates Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Hall Aitken Associates Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Hall Aitken Associates Limited. You consider that Hall Aitken Associates 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 financial statements of Hall Aitken Associates 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 financial statements.






russell + russell
Chartered Certified Accountants
4 Royal Crescent
Glasgow
G3 7SL


25th September 2023

HALL AITKEN ASSOCIATES LIMITED (REGISTERED NUMBER: SC113642)

BALANCE SHEET
31ST MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 170,261 176,898

CURRENT ASSETS
Debtors 5 63,639 54,862
Cash at bank and in hand 25,147 86,245
88,786 141,107
CREDITORS
Amounts falling due within one year 6 121,839 158,485
NET CURRENT LIABILITIES (33,053 ) (17,378 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

137,208

159,520

CREDITORS
Amounts falling due after more than one
year

7

(65,197

)

(92,090

)

PROVISIONS FOR LIABILITIES - (346 )
NET ASSETS 72,011 67,084

CAPITAL AND RESERVES
Called up share capital 10 14,748 14,748
Share premium 9,931 9,931
Retained earnings 47,332 42,405
SHAREHOLDERS' FUNDS 72,011 67,084

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 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.

HALL AITKEN ASSOCIATES LIMITED (REGISTERED NUMBER: SC113642)

BALANCE SHEET - continued
31ST MARCH 2023


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 22nd September 2023 and were signed on its behalf by:





P Buchanan - Director


HALL AITKEN ASSOCIATES LIMITED (REGISTERED NUMBER: SC113642)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023

1. STATUTORY INFORMATION

Hall Aitken Associates 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Going Concern
The financial statements have been prepared on the going concern basis. The director believes that the company has adequate resources and support to continue to operate for the foreseeable future.

Turnover
The turnover shown in the profit and loss account represents the value of consultancy work carried out during the year, on long term and other contracts, exclusive of Value Added Tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - 2% straight line
Fixtures & fittings - 15% straight line
Computer equipment - 33% straight line
Website - 25% straight line
Software development - 33% straight line

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

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.

HALL AITKEN ASSOCIATES LIMITED (REGISTERED NUMBER: SC113642)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Long term contracts
The company classifies as long term those contracts where the contract activity extends over more than one accounting period.

The amount recognised as turnover represents the value of work carried out during the year. Where the outcome of a contract can be assessed with reasonable certainty attributable profit is recognised in proportion to the amount of turnover recognised in the financial statements. Full provision is made for any foreseeable losses.

Where the amount recognised as turnover exceeds the payments received on account in respect of that contract, the balance is included in debtors as amounts recoverable on contracts.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Freehold Fixtures Computer
property & fittings equipment
£    £    £   
COST
At 1st April 2022
and 31st March 2023 193,050 7,635 18,543
DEPRECIATION
At 1st April 2022 19,305 6,461 18,146
Charge for year 3,861 797 397
At 31st March 2023 23,166 7,258 18,543
NET BOOK VALUE
At 31st March 2023 169,884 377 -
At 31st March 2022 173,745 1,174 397

HALL AITKEN ASSOCIATES LIMITED (REGISTERED NUMBER: SC113642)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

4. TANGIBLE FIXED ASSETS - continued

Software
Website development Totals
£    £    £   
COST
At 1st April 2022
and 31st March 2023 27,931 14,444 261,603
DEPRECIATION
At 1st April 2022 26,349 14,444 84,705
Charge for year 1,582 - 6,637
At 31st March 2023 27,931 14,444 91,342
NET BOOK VALUE
At 31st March 2023 - - 170,261
At 31st March 2022 1,582 - 176,898

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 60,614 51,107
Amounts recoverable on contracts - 1,340
Other debtors 3,025 2,415
63,639 54,862

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts (see note 8) 23,369 21,024
Trade creditors 1,021 8,106
Taxation and social security 56,613 55,658
Other creditors 40,836 73,697
121,839 158,485

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans (see note 8) 65,197 92,090

Amounts falling due in more than five years:

Repayable by instalments
Bank loans over 5 years - 14,435

HALL AITKEN ASSOCIATES LIMITED (REGISTERED NUMBER: SC113642)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

8. LOANS

An analysis of the maturity of loans is given below:

31.3.23 31.3.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 23,369 21,024

Amounts falling due between two and five years:
Bank loans - 2-5 years 65,197 77,655

Amounts falling due in more than five years:

Repayable by instalments
Bank loans over 5 years - 14,435

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Bank loans 56,179 71,020

There is a fixed and floating charge over the property and assets of the company to secure any future sums and obligations due or to become due from time to time by the company to The Royal Bank of Scotland.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
13,748 A Ordinary £1 13,748 13,748
177 B Ordinary £1 177 177
177 C Ordinary £1 177 177
177 D Ordinary £1 177 177
177 E Ordinary £1 177 177
292 F Ordinary £1 292 292
14,748 14,748

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end, each of the directors had given a personal guarantee of £6,000 to The Royal Bank of Scotland in respect of the bank overdraft facility of £50,000.The guarantee was removed after the year end.

12. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.