Company Registration No. SC645061 (Scotland)
Braes Accountancy Limited
Unaudited accounts
for the year ended 31 October 2023
Braes Accountancy Limited
Unaudited accounts
Contents
Braes Accountancy Limited
Company Information
for the year ended 31 October 2023
Company Number
SC645061 (Scotland)
Registered Office
59 Windsor Crescent,
Maddiston,
Falkirk
Stirlingshire
FK2 0AH
United Kingdom
Accountants
Braes Accountancy Limited
Ironworks Business Centre
Castlelaurie Industrial Estate
Falkirk
Stirlingshire
FK2 7XE
Braes Accountancy Limited
Statement of financial position
as at 31 October 2023
Cash at bank and in hand
29,340
13,706
Creditors: amounts falling due within one year
(15,761)
(9,909)
Net current assets
19,560
7,129
Total assets less current liabilities
20,309
8,039
Creditors: amounts falling due after more than one year
-
(905)
Called up share capital
1
1
Profit and loss account
20,308
7,133
Shareholders' funds
20,309
7,134
For the year ending 31 October 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 1 November 2023 and were signed on its behalf by
Jason Smith
Director
Company Registration No. SC645061
Braes Accountancy Limited
Notes to the Accounts
for the year ended 31 October 2023
Braes Accountancy Limited is a private company, limited by shares, registered in Scotland, registration number SC645061. The registered office is 59 Windsor Crescent,, Maddiston,, Falkirk, Stirlingshire, FK2 0AH, United Kingdom.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Computer equipment
20% Reducing Balance
4
Tangible fixed assets
Plant & machinery
Amounts falling due within one year
Braes Accountancy Limited
Notes to the Accounts
for the year ended 31 October 2023
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
10,069
4,751
Loans from directors
655
5,158
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
-
905
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).