Company Registration No. SC554407 (Scotland)
Taigh Ltd
Unaudited accounts
for the year ended 31 January 2023
Taigh Ltd
Unaudited accounts
Contents
Taigh Ltd
Company Information
for the year ended 31 January 2023
Company Number
SC554407 (Scotland)
Registered Office
Faside Castle
Faside Castle
Tranent
EH33 2LE
Scotland
Accountants
AGL Tax Solutions LLP
2A Station Yard
Haddington
East Lothian
EH41 3PP
Taigh Ltd
Statement of financial position
as at 31 January 2023
Tangible assets
181,080
132,886
Cash at bank and in hand
1,111
1,194
Creditors: amounts falling due within one year
(23,149)
(25,835)
Net current liabilities
(22,038)
(24,641)
Total assets less current liabilities
159,042
108,245
Creditors: amounts falling due after more than one year
(114,510)
(114,510)
Net assets/(liabilities)
44,532
(6,265)
Called up share capital
1
1
Revaluation reserve
48,464
-
Profit and loss account
(3,933)
(6,266)
Shareholders' funds
44,532
(6,265)
For the year ending 31 January 2023 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 27 October 2023 and were signed on its behalf by
Rory Sandison
Director
Company Registration No. SC554407
Taigh Ltd
Notes to the Accounts
for the year ended 31 January 2023
Taigh Ltd is a private company, limited by shares, registered in Scotland, registration number SC554407. The registered office is Faside Castle, Faside Castle , Tranent, EH33 2LE, Scotland.
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.
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 historic cost convention.
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company’s ability to
continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are
authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial
statements
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 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:
Land & buildings
The property is not depreciated as it is expected to rise in value.
Fixtures & fittings
10% straight Line
The accounts are presented in £ sterling.
Taigh Ltd
Notes to the Accounts
for the year ended 31 January 2023
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At valuation
At cost
At 1 February 2022
131,536
2,700
134,236
Revaluations
48,464
-
48,464
At 31 January 2023
180,000
2,700
182,700
At 1 February 2022
-
1,350
1,350
Charge for the year
-
270
270
At 31 January 2023
-
1,620
1,620
At 31 January 2023
180,000
1,080
181,080
At 31 January 2022
131,536
1,350
132,886
5
Creditors: amounts falling due within one year
2023
2022
Loans from directors
21,455
24,122
6
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
114,510
114,510
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).