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REGISTERED NUMBER: SC345042 (Scotland)















Financial Statements for the Year Ended 31 March 2023

for

A J Donald (Slaters) Limited

A J Donald (Slaters) Limited (Registered number: SC345042)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A J Donald (Slaters) Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: A J Donald
G P Brebner





SECRETARY: A J Donald





REGISTERED OFFICE: 2 Blenheim Lane
Aberdeen
AB25 2DW





REGISTERED NUMBER: SC345042 (Scotland)





ACCOUNTANTS: J M Taylor
5 Rubislaw Terrace
ABERDEEN
AB10 1XE

A J Donald (Slaters) Limited (Registered number: SC345042)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,869 11,488
Investments 5 82,126 -
88,995 11,488

CURRENT ASSETS
Stocks 57,500 46,000
Debtors 6 57,824 78,820
Cash at bank - 397
115,324 125,217
CREDITORS
Amounts falling due within one year 7 166,138 111,499
NET CURRENT (LIABILITIES)/ASSETS (50,814 ) 13,718
TOTAL ASSETS LESS CURRENT
LIABILITIES

38,181

25,206

CREDITORS
Amounts falling due after more than one
year

8

24,134

39,147
NET ASSETS/(LIABILITIES) 14,047 (13,941 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 13,947 (14,041 )
14,047 (13,941 )

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

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

A J Donald (Slaters) Limited (Registered number: SC345042)

Balance Sheet - continued
31 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 10 October 2023 and were signed on its behalf by:





A J Donald - Director


A J Donald (Slaters) Limited (Registered number: SC345042)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

A J Donald (Slaters) 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 etc - 20% 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 10 ) .

A J Donald (Slaters) Limited (Registered number: SC345042)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 57,175
DEPRECIATION
At 1 April 2022 45,687
Charge for year 4,619
At 31 March 2023 50,306
NET BOOK VALUE
At 31 March 2023 6,869
At 31 March 2022 11,488

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 82,126
At 31 March 2023 82,126
NET BOOK VALUE
At 31 March 2023 82,126

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 56,782 30,936
Other debtors 1,042 47,884
57,824 78,820

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 31,638 14,702
Hire purchase contracts 3,499 3,499
Trade creditors 35,152 45,229
Taxation and social security 41,649 31,386
Other creditors 54,200 16,683
166,138 111,499

A J Donald (Slaters) Limited (Registered number: SC345042)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 22,676 34,190
Hire purchase contracts 1,458 4,957
24,134 39,147

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 2,569

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23 31.3.22
£    £   
A J Donald
Balance outstanding at start of year 28,962 -
Amounts advanced - 28,962
Amounts repaid (28,962 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 28,962