Company Registration No. SC174218 (Scotland)
ALEXANDERS (ROSEMOUNT) LIMITED
Unaudited accounts
for the year ended 31 August 2022
ALEXANDERS (ROSEMOUNT) LIMITED
Unaudited accounts
Contents
ALEXANDERS (ROSEMOUNT) LIMITED
Company Information
for the year ended 31 August 2022
Company Number
SC174218 (Scotland)
Registered Office
213 ROSEMOUNT PLACE
ABERDEEN
ABERDEENSHIRE
AB25 2XS
Accountants
A2Z Accounting Solutions Limited
26 Grandholm Grove
Aberdeen
AB22 8AX
ALEXANDERS (ROSEMOUNT) LIMITED
Statement of financial position
as at 31 August 2022
Tangible assets
86,055
88,152
Cash at bank and in hand
84
35,492
Creditors: amounts falling due within one year
(51,073)
(67,322)
Net current assets
222,848
237,335
Total assets less current liabilities
308,903
325,487
Creditors: amounts falling due after more than one year
(27,005)
(26,940)
Provisions for liabilities
Deferred tax
(13,802)
(13,802)
Net assets
268,096
284,745
Called up share capital
100
100
Share premium
59,900
59,900
Revaluation reserve
56,986
56,986
Profit and loss account
151,110
167,759
Shareholders' funds
268,096
284,745
For the year ending 31 August 2022 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 30 September 2023 and were signed on its behalf by
Philip Yorke
Director
Company Registration No. SC174218
ALEXANDERS (ROSEMOUNT) LIMITED
Notes to the Accounts
for the year ended 31 August 2022
ALEXANDERS (ROSEMOUNT) LIMITED is a private company, limited by shares, registered in Scotland, registration number SC174218. The registered office is 213 ROSEMOUNT PLACE, ABERDEEN, ABERDEENSHIRE, AB25 2XS.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Fixtures & fittings
25% RB
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
ALEXANDERS (ROSEMOUNT) LIMITED
Notes to the Accounts
for the year ended 31 August 2022
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 September 2021
80,000
978
38,195
26,420
1,764
147,357
At 31 August 2022
80,000
978
38,195
26,420
1,764
147,357
At 1 September 2021
-
428
32,433
24,660
1,684
59,205
Charge for the year
-
137
1,440
440
80
2,097
At 31 August 2022
-
565
33,873
25,100
1,764
61,302
At 31 August 2022
80,000
413
4,322
1,320
-
86,055
At 31 August 2021
80,000
550
5,762
1,760
80
88,152
Amounts falling due within one year
Trade debtors
17,358
42,306
Amounts due from group undertakings etc.
245,545
214,825
Accrued income and prepayments
-
1,100
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
19,192
5,059
Trade creditors
3,335
18,335
Taxes and social security
10,458
10,992
Loans from directors
8,692
(3,107)
7
Creditors: amounts falling due after more than one year
2022
2021
8
Average number of employees
During the year the average number of employees was 5 (2021: 5).