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REGISTERED NUMBER: SC445170 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

A & A Fowlie Limited

A & A Fowlie Limited (Registered number: SC445170)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


A & A Fowlie Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: A E Fowlie





REGISTERED OFFICE: 34 Adamson Drive
Laurencekirk
Kincardineshire
AB30 1FP





REGISTERED NUMBER: SC445170 (Scotland)





ACCOUNTANTS: My Accountant Friend
50 St. Marys Road
Hemel Hempstead
Hertfordshire
HP2 5HL

A & A Fowlie Limited (Registered number: SC445170)

Statement of Financial Position
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 137,820 155,599

CURRENT ASSETS
Debtors 5 14,625 40,270
Cash at bank 3,555 1,331
18,180 41,601
CREDITORS
Amounts falling due within one year 6 58,068 78,796
NET CURRENT LIABILITIES (39,888 ) (37,195 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

97,932

118,404

CREDITORS
Amounts falling due after more than one
year

7

119,586

145,877
NET LIABILITIES (21,654 ) (27,473 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (21,656 ) (27,475 )
SHAREHOLDERS' FUNDS (21,654 ) (27,473 )

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 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.

A & A Fowlie Limited (Registered number: SC445170)

Statement of Financial Position - 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 September 2023 and were signed by:





A E Fowlie - Director


A & A Fowlie Limited (Registered number: SC445170)

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

1. STATUTORY INFORMATION

A & A Fowlie 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.

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.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

3. EMPLOYEES AND DIRECTORS

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

A & A Fowlie Limited (Registered number: SC445170)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 April 2022
and 31 March 2023 191,400
DEPRECIATION
At 1 April 2022 35,801
Charge for year 17,779
At 31 March 2023 53,580
NET BOOK VALUE
At 31 March 2023 137,820
At 31 March 2022 155,599

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 14,625 13,968
VAT - 26,302
14,625 40,270

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 25,766 33,086
Hire purchase contracts - 12,284
Trade creditors 14,941 3,949
Social security and other taxes 15 -
VAT 8,724 -
Other creditors 78 121
Directors' current accounts 6,763 27,549
Accrued expenses 1,781 1,807
58,068 78,796

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Hire purchase contracts 119,586 145,877