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REGISTERED NUMBER: SC127470 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Laird Martin Limited

Laird Martin Limited (Registered number: SC127470)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Laird Martin Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mrs D Laird
A G Laird





SECRETARY: Mrs D Laird





REGISTERED OFFICE: Spirito
317-319 Crow Road
Glasgow
G11 7BU





REGISTERED NUMBER: SC127470 (Scotland)





ACCOUNTANTS: Bell Barr & Company
Chartered Accountants
2 Stewart Street
Milngavie
Glasgow
G62 6BW

Laird Martin Limited (Registered number: SC127470)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 107,506 109,241

CURRENT ASSETS
Stocks 49,540 50,444
Debtors 5 2,634 4,900
Cash at bank and in hand 220,132 212,812
272,306 268,156
CREDITORS
Amounts falling due within one year 6 116,918 107,785
NET CURRENT ASSETS 155,388 160,371
TOTAL ASSETS LESS CURRENT
LIABILITIES

262,894

269,612

PROVISIONS FOR LIABILITIES 1,269 1,131
NET ASSETS 261,625 268,481

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 261,615 268,471
SHAREHOLDERS' FUNDS 261,625 268,481

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

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

Laird Martin Limited (Registered number: SC127470)

Balance Sheet - continued
31 March 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 October 2023 and were signed on its behalf by:





Mrs D Laird - Director


Laird Martin Limited (Registered number: SC127470)

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

1. STATUTORY INFORMATION

Laird Martin 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.

The directors have reviewed the company's operating costs for the next twelve months and the sources of funds available and are satisfied that the company has adequate resources to continue for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting 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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Improvements to property - 25% on reducing balance
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on reducing balance

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

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Laird Martin Limited (Registered number: SC127470)

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

2. ACCOUNTING POLICIES - continued

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.

Cash at bank
Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 April 2022 122,963 17,384 6,222
Additions - - -
At 31 March 2023 122,963 17,384 6,222
DEPRECIATION
At 1 April 2022 19,674 17,148 5,697
Charge for year 2,459 59 79
At 31 March 2023 22,133 17,207 5,776
NET BOOK VALUE
At 31 March 2023 100,830 177 446
At 31 March 2022 103,289 236 525

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2022 18,498 3,630 168,697
Additions - 2,443 2,443
At 31 March 2023 18,498 6,073 171,140
DEPRECIATION
At 1 April 2022 15,223 1,714 59,456
Charge for year 491 1,090 4,178
At 31 March 2023 15,714 2,804 63,634
NET BOOK VALUE
At 31 March 2023 2,784 3,269 107,506
At 31 March 2022 3,275 1,916 109,241

Laird Martin Limited (Registered number: SC127470)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 2,634 4,900

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 948 1,554
Taxation and social security 16,569 21,553
Other creditors 99,401 84,678
116,918 107,785