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Company Registration No. SC504109 (Scotland)
Tweeddale Associates Limited Unaudited accounts for the year ended 31 March 2023
Tweeddale Associates Limited Unaudited accounts Contents
Page
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Tweeddale Associates Limited Company Information for the year ended 31 March 2023
Directors
John Wrinn Lucy Wrinn
Company Number
SC504109 (Scotland)
Registered Office
Highdale Tweeddale Avenue Gifford Haddington East Lothian EH41 4QN Scotland
Accountants
AGL Tax Solutions LLP 2A Station Yard Haddington East Lothian EH41 3PP
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Tweeddale Associates Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
301 
602 
Current assets
Debtors
492 
7,703 
Cash at bank and in hand
46,819 
57,744 
47,311 
65,447 
Creditors: amounts falling due within one year
(2,010)
(17,552)
Net current assets
45,301 
47,895 
Net assets
45,602 
48,497 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
45,502 
48,397 
Shareholders' funds
45,602 
48,497 
For the year ending 31 March 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 26 October 2023 and were signed on its behalf by
John Wrinn Director Company Registration No. SC504109
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Tweeddale Associates Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Tweeddale Associates Limited is a private company, limited by shares, registered in Scotland, registration number SC504109. The registered office is Highdale, Tweeddale Avenue Gifford, Haddington, East Lothian, EH41 4QN, Scotland.
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.
3
Accounting policies
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.
Basis of preparation
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company’s ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue. The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis 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 and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures & fittings
33% straight line
Taxation
Taxation for the year comprises current taxation. 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 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
Presentation currency
The accounts are presented in £ sterling.
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Tweeddale Associates Limited Notes to the Accounts for the year ended 31 March 2023
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 April 2022
5,672 
At 31 March 2023
5,672 
Depreciation
At 1 April 2022
5,070 
Charge for the year
301 
At 31 March 2023
5,371 
Net book value
At 31 March 2023
301 
At 31 March 2022
602 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
40 
- 
Amounts falling due after more than one year
Other debtors
452 
7,703 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
- 
350 
Taxes and social security
330 
15,545 
Loans from directors
- 
257 
Accruals
1,680 
1,400 
2,010 
17,552 
7
Average number of employees
During the year the average number of employees was 0 (2022: 5).
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