2022-04-01 SC498643 2023-03-31 SC498643 2022-04-01 2023-03-31 SC498643 2022-03-31 SC498643 2021-04-01 2022-03-31 SC498643 uk-core:WithinOneYear uk-bus:Original 2022-03-31 SC498643 uk-core:WithinOneYear uk-bus:Original 2023-03-31 SC498643 uk-core:AfterOneYear uk-bus:Original 2022-03-31 SC498643 uk-core:AfterOneYear uk-bus:Original 2023-03-31 SC498643 uk-core:ShareCapital uk-bus:Original 2023-03-31 SC498643 uk-core:ShareCapital uk-bus:Original 2022-03-31 SC498643 uk-core:RetainedEarningsAccumulatedLosses uk-bus:Original 2023-03-31 SC498643 uk-core:RetainedEarningsAccumulatedLosses uk-bus:Original 2022-03-31 SC498643 uk-bus:Director1 uk-bus:Original 2022-04-01 2023-03-31 SC498643 uk-core:LeaseholdImprovements uk-bus:Original 2022-04-01 2023-03-31 SC498643 uk-core:PlantMachinery uk-bus:Original 2022-04-01 2023-03-31 SC498643 uk-core:PlantMachinery uk-bus:Original 2022-03-31 SC498643 uk-core:LeaseholdImprovements uk-bus:Original 2022-03-31 SC498643 uk-core:LeaseholdImprovements uk-bus:Original 2023-03-31 SC498643 uk-core:PlantMachinery uk-bus:Original 2023-03-31 SC498643 uk-core:AfterOneYear uk-bus:Original 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure SC498643 uk-bus:AuditExemptWithAccountantsReport uk-bus:Original 2022-04-01 2023-03-31 SC498643 uk-bus:FRS102 uk-bus:Original 2022-04-01 2023-03-31 SC498643 uk-bus:FilletedAccounts uk-bus:Original 2022-04-01 2023-03-31 SC498643 uk-bus:PrivateLimitedCompanyLtd uk-bus:Original 2022-04-01 2023-03-31
Thistle Autos Limited
Registered Number:SC498643
For the year ended 31 March 2023
Scotland
Unaudited Financial Statements
2
For the year ended 31 March 2023
Thistle Autos Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
SC498643
As at 31 March 2023
Thistle Autos Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
15,182
18,808
2
15,182
18,808
Current assets
Inventories
910
780
3
Trade and other receivables
4,182
6,231
4
23,606
Cash and cash equivalents
8,031
15,042
28,698
Trade and other payables: amounts falling due within one
year
(16,620)
(16,367)
5
12,078
(1,325)
Net current liabilities
Total assets less current liabilities
13,857
30,886
Trade and other payables: amounts falling due after more
than one year
(190,850)
(192,024)
6
(178,167)
Net liabilities
(159,964)
Capital and reserves
Called up share capital
-
100
Retained earnings
(178,167)
(160,064)
(178,167)
(159,964)
Shareholders' funds
For the year ended 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 of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr J McCallum Director
These financial statements were approved and authorised for issue by the Board on 01 November 2023 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 March 2023
Thistle Autos Limited
Notes to the Financial Statements
Statutory Information
Thistle Autos Limited is a private limited company, limited by shares, domiciled in Scotland, registration number
SC498643.
Registered address:
40A Seafield Road East
Edinburgh
Scotland
EH15 1ED
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Intangible assets
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Leasehold Costs
10% Straight line
Plant and Machinery
20% Straight line
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
2. Property, plant and equipment
Total
Plant and
Machinery
Leasehold
Costs
£
£
£
Cost or
valuation
At 01 April 2022
98,486
40,379
58,107
3,214
3,214
-
Additions
At 31 March 2023
58,107
43,593
101,700
Provision for depreciation and impairment
At 01 April 2022
79,678
39,046
40,632
Charge for year
6,840
1,006
5,834
At 31 March 2023
86,518
40,052
46,466
At 31 March 2023
Net book value
11,641
3,541
15,182
At 31 March 2022
17,475
1,333
18,808
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5
For the year ended 31 March 2023
Thistle Autos Limited
Notes to the Financial Statements Continued
3. Inventories
2022
2023
£
£
Stocks
780
910
4. Trade and other receivables
2022
2023
£
£
Trade debtors
2,253
424
Other debtors
3,978
3,758
4,182
6,231
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Trade creditors
7,530
7,985
Taxation and social security
7,164
7,726
Other creditors
1,673
909
16,367
16,620
6. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Other creditors
192,024
190,850
Other Creditors after more than one year Directors advance to the company. No interest payable on the advance and only repayable as and when the company is in a position to pay
7. Average number of persons employed
During the year the average number of employees was 2 (2022 : 2)
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