Registered Number:SC498643 |
For the year ended 31 March 2023
Scotland
Unaudited Financial Statements
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
Thistle Autos Limited
Statement of Financial Position
2022
2023
Property, plant and equipment |
15,182
18,808
2
15,182
18,808
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)
-
100
(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. |
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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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. |
40A Seafield Road East
Edinburgh
Scotland
EH15 1ED
The presentation currency is £ sterling. |
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
Plant and Machinery
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 |
98,486
40,379
58,107
3,214
3,214
-
58,107
43,593
101,700
Provision for depreciation and impairment |
79,678
39,046
40,632
Charge for year
6,840
1,006
5,834
86,518
40,052
46,466
11,641
3,541
15,182
17,475
1,333
18,808
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For the year ended 31 March 2023
Thistle Autos Limited
Notes to the Financial Statements Continued
2022
2023
780
910
4. Trade and other receivables |
2022
2023
2,253
424
3,978
3,758
4,182
6,231
5. Trade and other payables: amounts falling due within one year |
2022
2023
7,530
7,985
Taxation and social security |
7,164
7,726
1,673
909
16,367
16,620
6. Trade and other payables: amounts falling due after more than one year |
2022
2023
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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