1 February 2022 false No description of principal activity Taxfiler 2023.9 true SC554407business:PrivateLimitedCompanyLtd2022-02-012023-01-31 SC5544072022-01-31 SC5544072022-02-012023-01-31 SC554407business:AuditExemptWithAccountantsReport2022-02-012023-01-31 SC554407business:FilletedAccounts2022-02-012023-01-31 SC5544072023-01-31 SC554407business:Director12022-02-012023-01-31 SC554407business:RegisteredOffice2022-02-012023-01-31 SC5544072022-01-31 SC554407core:WithinOneYear2023-01-31 SC554407core:WithinOneYear2022-01-31 SC554407core:AfterOneYear2023-01-31 SC554407core:AfterOneYear2022-01-31 SC554407core:ShareCapitalcore:PreviouslyStatedAmount2023-01-31 SC554407core:ShareCapitalcore:PreviouslyStatedAmount2022-01-31 SC554407core:RevaluationReservecore:PreviouslyStatedAmount2023-01-31 SC554407core:RevaluationReservecore:PreviouslyStatedAmount2022-01-31 SC554407core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-01-31 SC554407core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-01-31 SC554407core:PreviouslyStatedAmount2023-01-31 SC554407core:PreviouslyStatedAmount2022-01-31 SC554407business:SmallEntities2022-02-012023-01-31 SC554407countries:Scotland2022-02-012023-01-31 SC554407core:LandBuildings2022-02-012023-01-31 SC554407core:FurnitureFittings2022-02-012023-01-31 SC554407core:LandBuildings2022-01-31 SC554407core:FurnitureFittings2022-01-31 SC554407core:LandBuildings2023-01-31 SC554407core:FurnitureFittings2023-01-31 SC5544072021-02-012022-01-31 iso4217:GBP xbrli:pure
Company Registration No. SC554407 (Scotland)
Taigh Ltd Unaudited accounts for the year ended 31 January 2023
Taigh Ltd Unaudited accounts Contents
Page
- 2 -
Taigh Ltd Company Information for the year ended 31 January 2023
Director
Rory Sandison
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
- 3 -
Taigh Ltd Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
181,080 
132,886 
Current assets
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)
Capital and reserves
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
- 4 -
Taigh Ltd Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
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.
Going concern
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
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
Presentation currency
The accounts are presented in £ sterling.
- 5 -
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 
Depreciation
At 1 February 2022
- 
1,350 
1,350 
Charge for the year
- 
270 
270 
At 31 January 2023
- 
1,620 
1,620 
Net book value
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 
£ 
£ 
Other creditors
579 
651 
Loans from directors
21,455 
24,122 
Accruals
1,115 
1,062 
23,149 
25,835 
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).
- 6 -