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REGISTERED NUMBER: SC498637 (Scotland)















Financial Statements for the Year Ended 31 January 2023

for

Aigas Field Centre Limited

Aigas Field Centre Limited (Registered number: SC498637)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Aigas Field Centre Limited

Company Information
for the Year Ended 31 January 2023







DIRECTORS: Sir J Lister-Kaye Bt OBE
G Jackson
Mrs H Jackson





REGISTERED OFFICE: House of Aigas
Aigas
Beauly
Highland
IV4 7AD





REGISTERED NUMBER: SC498637 (Scotland)





ACCOUNTANTS: Highland Accountancy Practice
Chartered Accountants
Suite 1A, Willow House
Stoneyfield Business Park
Inverness
Highland
IV2 7PA

Aigas Field Centre Limited (Registered number: SC498637)

Abridged Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 48,332 53,093

CURRENT ASSETS
Stocks 208 409
Debtors 19,902 12,639
Cash at bank and in hand 23,271 49,562
43,381 62,610
CREDITORS
Amounts falling due within one year 226,146 162,638
NET CURRENT LIABILITIES (182,765 ) (100,028 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(134,433

)

(46,935

)

CREDITORS
Amounts falling due after more than one
year

17,664

22,272
NET LIABILITIES (152,097 ) (69,207 )

CAPITAL AND RESERVES
Called up share capital 5 5
Retained earnings (152,102 ) (69,212 )
SHAREHOLDERS' FUNDS (152,097 ) (69,207 )

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

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

Aigas Field Centre Limited (Registered number: SC498637)

Abridged Balance Sheet - continued
31 January 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 January 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 12 October 2023 and were signed on its behalf by:





Sir J Lister-Kaye Bt OBE - Director


Aigas Field Centre Limited (Registered number: SC498637)

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

1. STATUTORY INFORMATION

Aigas Field Centre 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
As at 31 January 2023 the company's liabilities exceeded its assets by £152,097 (2022 - £69,207). The company is being financially supported by the directors and for this reason the accounts have been prepared on the going concern basis.

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 the cost less estimated residual value of each asset over its estimated useful life.
Plant & Equipment - 15% on reducing balance
Fixtures and Fittings - 25% on reducing balance
Motor Vehicles - 25% on reducing balance
Computer Equipment - 33% on cost

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation, impairment losses, and reversals of impairment losses (where applicable).

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

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 22 (2022 - 21 ) .

Aigas Field Centre Limited (Registered number: SC498637)

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2022 104,060
Additions 8,464
At 31 January 2023 112,524
DEPRECIATION
At 1 February 2022 50,967
Charge for year 13,225
At 31 January 2023 64,192
NET BOOK VALUE
At 31 January 2023 48,332
At 31 January 2022 53,093

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2023 and 31 January 2022:

31.1.23 31.1.22
£    £   
Sir J Lister-Kaye Bt OBE
Balance outstanding at start of year (65,133 ) (90,489 )
Amounts advanced 37,613 25,356
Amounts repaid (60,234 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (87,754 ) (65,133 )

Mrs H Jackson
Balance outstanding at start of year - (2,766 )
Amounts advanced - 2,766
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -