Company Registration No. SC587858 (Scotland)
Clan Engineering (Scotland) Ltd
Unaudited accounts
for the year ended 28 February 2023
Clan Engineering (Scotland) Ltd
Unaudited accounts
Contents
Clan Engineering (Scotland) Ltd
Company Information
for the year ended 28 February 2023
Directors
Gillian Ryan
Kevin Ryan
Company Number
SC587858 (Scotland)
Registered Office
94 HOPE STREET
SUITE 2.11
GLASGOW
G2 6PH
UNITED KINGDOM
Accountants
Scottish Tax Bureau
94 Hope Street
Glasgow
G2 6PH
Clan Engineering (Scotland) Ltd
Statement of financial position
as at 28 February 2023
Tangible assets
126,179
101,925
Cash at bank and in hand
71,623
54,606
Creditors: amounts falling due within one year
(151,759)
(151,721)
Net current assets
62,928
57,154
Total assets less current liabilities
189,107
159,079
Creditors: amounts falling due after more than one year
(104,419)
(89,604)
Called up share capital
101
101
Profit and loss account
84,587
69,374
Shareholders' funds
84,688
69,475
For the year ending 28 February 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 directors acknowledge their 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 of Directors and authorised for issue on 2 August 2023 and were signed on its behalf by
Kevin Ryan
Director
Company Registration No. SC587858
Clan Engineering (Scotland) Ltd
Notes to the Accounts
for the year ended 28 February 2023
Clan Engineering (Scotland) Ltd is a private company, limited by shares, registered in Scotland, registration number SC587858. The registered office is 94 HOPE STREET, SUITE 2.11, GLASGOW, G2 6PH, 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:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
33% on cost
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 March 2022
10,540
170,233
227
2,084
183,084
Additions
2,617
78,120
-
-
80,737
Disposals
-
(14,422)
-
-
(14,422)
At 28 February 2023
13,157
233,931
227
2,084
249,399
At 1 March 2022
5,460
73,558
57
2,084
81,159
Charge for the year
1,924
43,699
43
-
45,666
On disposals
-
(3,605)
-
-
(3,605)
At 28 February 2023
7,384
113,652
100
2,084
123,220
At 28 February 2023
5,773
120,279
127
-
126,179
At 28 February 2022
5,080
96,675
170
-
101,925
Clan Engineering (Scotland) Ltd
Notes to the Accounts
for the year ended 28 February 2023
Amounts falling due within one year
Trade debtors
143,064
154,269
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
10,648
10,648
Obligations under finance leases and hire purchase contracts
42,983
25,372
Trade creditors
81,485
69,818
Taxes and social security
16,643
45,883
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
83,265
58,051
8
Average number of employees
During the year the average number of employees was 6 (2022: 3).