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REGISTERED NUMBER: SC266814 (Scotland)















Financial Statements for the Period 1 November 2022 to 31 August 2023

for

A & R Finnie Limited

A & R Finnie Limited (Registered number: SC266814)

Contents of the Financial Statements
for the Period 1 November 2022 to 31 August 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


A & R Finnie Limited

Company Information
for the Period 1 November 2022 to 31 August 2023







DIRECTOR: R A Finnie





SECRETARY: Mrs A Finnie





REGISTERED OFFICE: Cairnfield
14 School Road
Balmullo
St. Andrews
Fife
KY16 0BD





REGISTERED NUMBER: SC266814 (Scotland)





ACCOUNTANTS: Monteaths
Cairnfield
14 School Road
Balmullo
St Andrews
Fife
KY16 0BD

A & R Finnie Limited (Registered number: SC266814)

Balance Sheet
31 August 2023

31.8.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 293,741

CURRENT ASSETS
Debtors 5 117,199 324,255
Cash at bank 665,672 573,070
782,871 897,325
CREDITORS
Amounts falling due within one year 6 59,305 475,003
NET CURRENT ASSETS 723,566 422,322
TOTAL ASSETS LESS CURRENT
LIABILITIES

723,566

716,063

PROVISIONS FOR LIABILITIES - 26,922
NET ASSETS 723,566 689,141

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 722,566 688,141
723,566 689,141

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 20 October 2023 and were signed by:



R A Finnie - Director


A & R Finnie Limited (Registered number: SC266814)

Notes to the Financial Statements
for the Period 1 November 2022 to 31 August 2023


1. STATUTORY INFORMATION

A & R Finnie 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 - 33% on cost, 25% on cost and 20% on cost

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 period was 7 (2022 - 10 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 November 2022 139,374 584,489 723,863
Additions (233 ) - (233 )
Disposals (139,141 ) (154,367 ) (293,508 )
At 31 August 2023 - 430,122 430,122
DEPRECIATION
At 1 November 2022
and 31 August 2023 - 430,122 430,122
NET BOOK VALUE
At 31 August 2023 - - -
At 31 October 2022 139,374 154,367 293,741

A & R Finnie Limited (Registered number: SC266814)

Notes to the Financial Statements - continued
for the Period 1 November 2022 to 31 August 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.10.22
£    £   
Trade debtors - 324,093
Other debtors 117,199 162
117,199 324,255

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.10.22
£    £   
Hire purchase contracts - 2,083
Trade creditors - 347,940
Taxation and social security 56,545 98,712
Other creditors 2,760 26,268
59,305 475,003

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The directors' loan account balance at 31 August 2023 was £117,199 DR (31 October 222 - £18,897 CR).