IRIS Accounts Production v23.3.0.418 SC508935 director 1.3.22 28.2.23 28.2.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSC5089352022-02-28SC5089352023-02-28SC5089352022-03-012023-02-28SC5089352021-02-28SC5089352021-03-012022-02-28SC5089352022-02-28SC508935ns16:Scotland2022-03-012023-02-28SC508935ns15:PoundSterling2022-03-012023-02-28SC508935ns11:Director12022-03-012023-02-28SC508935ns11:PrivateLimitedCompanyLtd2022-03-012023-02-28SC508935ns11:SmallEntities2022-03-012023-02-28SC508935ns11:AuditExempt-NoAccountantsReport2022-03-012023-02-28SC508935ns11:SmallCompaniesRegimeForDirectorsReport2022-03-012023-02-28SC508935ns11:SmallCompaniesRegimeForAccounts2022-03-012023-02-28SC508935ns11:FullAccounts2022-03-012023-02-28SC50893512022-03-012023-02-28SC508935ns6:CurrentFinancialInstruments2023-02-28SC508935ns6:CurrentFinancialInstruments2022-02-28SC508935ns6:Non-currentFinancialInstruments2023-02-28SC508935ns6:Non-currentFinancialInstruments2022-02-28SC508935ns6:ShareCapital2023-02-28SC508935ns6:ShareCapital2022-02-28SC508935ns6:RetainedEarningsAccumulatedLosses2023-02-28SC508935ns6:RetainedEarningsAccumulatedLosses2022-02-28SC508935ns6:NetGoodwill2022-03-012023-02-28SC508935ns6:LandBuildings2022-03-012023-02-28SC508935ns6:PlantMachinery2022-03-012023-02-28SC508935ns6:NetGoodwill2022-02-28SC508935ns6:NetGoodwill2023-02-28SC508935ns6:NetGoodwill2022-02-28SC508935ns6:LandBuildings2022-02-28SC508935ns6:PlantMachinery2022-02-28SC508935ns6:LandBuildings2023-02-28SC508935ns6:PlantMachinery2023-02-28SC508935ns6:LandBuildings2022-02-28SC508935ns6:PlantMachinery2022-02-28SC508935ns6:WithinOneYearns6:CurrentFinancialInstruments2023-02-28SC508935ns6:WithinOneYearns6:CurrentFinancialInstruments2022-02-28
REGISTERED NUMBER: SC508935 (Scotland)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

TJ Alloa Limited

TJ Alloa Limited (Registered number: SC508935)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


TJ Alloa Limited (Registered number: SC508935)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 10,161 14,515
Tangible assets 5 51,197 32,206
61,358 46,721

CURRENT ASSETS
Stocks 18,065 19,338
Debtors 6 353,321 241,780
Cash at bank and in hand 43,533 38,037
414,919 299,155
CREDITORS
Amounts falling due within one year 7 (387,343 ) (294,589 )
NET CURRENT ASSETS 27,576 4,566
TOTAL ASSETS LESS CURRENT
LIABILITIES

88,934

51,287

CREDITORS
Amounts falling due after more than one year 8 (27,500 ) (37,500 )

PROVISIONS FOR LIABILITIES (7,695 ) (8,052 )
NET ASSETS 53,739 5,735

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 53,639 5,635
53,739 5,735

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

TJ Alloa Limited (Registered number: SC508935)

Balance Sheet - continued
28 February 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 August 2023 and were signed by:





Mr D Thomson - Director


TJ Alloa Limited (Registered number: SC508935)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

TJ Alloa Limited is a private company, limited by shares, domiciled in Scotland, registration number SC508935. The registered office is Unit 5, Gateway Business Park, Beancross Road, Grangemouth FK3 8WX.

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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with group members.

Turnover
Turnover represents net invoiced sales of goods and services in respect of preparation and sale of butchery products, excluding value added tax. Sales are recognised at the point at which the goods are delivered or the service is complete.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 10% on cost
Plant and machinery etc - 25% on cost

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is represented by purchase price.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


TJ Alloa Limited (Registered number: SC508935)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

2. ACCOUNTING POLICIES - continued
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.

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.

Provisions
Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2022 - 20 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2022
and 28 February 2023 43,542
AMORTISATION
At 1 March 2022 29,027
Charge for year 4,354
At 28 February 2023 33,381
NET BOOK VALUE
At 28 February 2023 10,161
At 28 February 2022 14,515

TJ Alloa Limited (Registered number: SC508935)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 March 2022 - 62,799 62,799
Additions 20,763 9,175 29,938
At 28 February 2023 20,763 71,974 92,737
DEPRECIATION
At 1 March 2022 - 30,593 30,593
Charge for year 344 10,603 10,947
At 28 February 2023 344 41,196 41,540
NET BOOK VALUE
At 28 February 2023 20,419 30,778 51,197
At 28 February 2022 - 32,206 32,206

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 2,891 560
Amounts owed by group undertakings 46,287 34,556
Amounts owed by related parties 292,970 197,082
Other debtors 11,173 9,582
353,321 241,780

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 39,367 32,327
Amounts owed to group undertakings 263,885 170,908
Taxation and social security 47,502 37,639
Other creditors 26,589 43,715
387,343 294,589

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Bank loans 27,500 37,500

TJ Alloa Limited (Registered number: SC508935)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

9. RELATED PARTY DISCLOSURES

The balance of the amounts owed by related parties at 28th February 2023 is £292,970 (2022 : £197,082).

10. ULTIMATE PARENT ENTITY

The company's ultimate parent company is TJ 1861 Ltd, a company registered in Scotland. The financial statements of TJ 1861 Ltd can be obtained from Companies House and its registered office is Unit 5 Gateway Business Park, Beancross Road, Grangemouth, FK3 8WX.