Company Registration No. SC368984 (Scotland)
DAVID TANNER LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022
PAGES FOR FILING WITH REGISTRAR
James Hair & Co
59 Bonnygate
CUPAR
Fife
UK
KY15 4BY
DAVID TANNER LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2022
30 November 2022
- 1 -
2022
2021
Notes
£
£
£
£
Current assets
Stocks
-
0
945,319
Debtors
3
-
0
52,318
-
0
997,637
Creditors: amounts falling due within one year
4
(182,454)
(1,177,011)
Net current liabilities
(182,454)
(179,374)
Capital and reserves
Called up share capital
5
1
1
Profit and loss reserves
(182,455)
(179,375)
Total equity
(182,454)
(179,374)

The director of the company has elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 30 November 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 17 November 2023
Mr D Tanner
Director
Company Registration No. SC368984
DAVID TANNER LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022
- 2 -
1
Accounting policies
Company information

David Tanner Limited is a private company limited by shares incorporated in Scotland. The registered office is 2A Hillhouse Road, HAMILTON, ML3 9TB.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The director has reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and until at least 30 November 2023. The company therefore continues to adopt the going concern basis in preparing the financial statements.

1.3
Turnover

Turnover comprises the invoiced value of retail services and products provided by the company, net of Value Added Tax and trade discounts.

 

1.4
Stocks

Stocks and work in progress including short term contracts are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving stocks. Cost comprises direct expenditure and an appropriate proportion of fixed and variable overheads.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.5
Financial instruments

Basic financial instruments are recognised at amortised cost using the effective interest method except for investments in non-convertible preference and non-puttable preference and ordinary shares, which are measured at fair value, with changes recognised in the profit and loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value, with charges recognised in profit and loss.

1.6
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

DAVID TANNER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2022
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2022
2021
Number
Number
Total
1
1
3
Debtors
2022
2021
Amounts falling due within one year:
£
£
Other debtors
-
0
52,318
4
Creditors: amounts falling due within one year
2022
2021
£
£
Trade creditors
-
0
16,276
Other creditors
182,454
1,160,735
182,454
1,177,011
5
Called up share capital
2022
2021
£
£
Ordinary share capital
Issued and fully paid
1 Ordinary shares of £1 each
1
1
2022-11-302021-12-01false21 November 2023CCH SoftwareCCH Accounts Production 2023.100No description of principal activityMr TannerSC3689842021-12-012022-11-30SC3689842022-11-30SC3689842021-11-30SC368984core:CurrentFinancialInstruments2022-11-30SC368984core:CurrentFinancialInstruments2021-11-30SC368984core:ShareCapital2022-11-30SC368984core:ShareCapital2021-11-30SC368984core:RetainedEarningsAccumulatedLosses2022-11-30SC368984core:RetainedEarningsAccumulatedLosses2021-11-30SC368984bus:Director12021-12-012022-11-30SC3689842020-12-012021-11-30SC368984core:WithinOneYear2022-11-30SC368984core:WithinOneYear2021-11-30SC368984bus:PrivateLimitedCompanyLtd2021-12-012022-11-30SC368984bus:SmallCompaniesRegimeForAccounts2021-12-012022-11-30SC368984bus:FRS1022021-12-012022-11-30SC368984bus:AuditExemptWithAccountantsReport2021-12-012022-11-30SC368984bus:FullAccounts2021-12-012022-11-30xbrli:purexbrli:sharesiso4217:GBP