Registered number
SC358658
Douglas Andrews Limited
Filleted Accounts
31 March 2023
Douglas Andrews Limited
Registered number: SC358658
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Current assets
Debtors 3 20,861 21,832
Cash at bank and in hand 29,710 32,773
50,571 54,605
Creditors: amounts falling due within one year 4 3,780 3,776
Net current assets 54,351 58,381
Total assets less current liabilities 54,351 58,381
Creditors: amounts falling due after more than one year 5 6,633 (56)
Net assets 60,984 58,325
Capital and reserves
Called up share capital 10 10
Profit and loss account 60,974 58,315
Shareholders' funds 60,984 58,325
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D Andrews
Director
Approved by the board on 14 November 2023
Douglas Andrews Limited
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services and is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current period.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 -
3 Debtors 2023 2022
£ £
HMRC CIS 2,557 3,528
Other debtors 18,304 18,304
20,861 21,832
4 Creditors: amounts falling due within one year 2023 2022
£ £
Corporation tax 624 314
Other creditors (4,404) (4,090)
(3,780) (3,776)
5 Creditors: amounts falling due after one year 2023 2022
£ £
Director's account (6,633) 56
6 Other information
Douglas Andrews Limited is a private company limited by shares and incorporated in Scotland. Its registered office is:
2 Reid Place
Glenrothes
Fife
KY6 2AY
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