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REGISTERED NUMBER: SC526132 (Scotland)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

A2BCONTAINERS LTD

A2BCONTAINERS LTD (REGISTERED NUMBER: SC526132)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 6

A2BCONTAINERS LTD

COMPANY INFORMATION
for the Year Ended 28 February 2023







DIRECTOR: Mr R G Duncan





SECRETARY: Ms B A Duncan





REGISTERED OFFICE: C/O Acumen Accountants and Advisors Ltd
Inverurie Business Hub, Burghmuir Circle
Blackhall Industrial Estate
Inverurie
Aberdeenshire
AB51 4FS





REGISTERED NUMBER: SC526132 (Scotland)





ACCOUNTANTS: Acumen Accountants and Advisors Limited
Unit 1, Office 1 & 8
Blackhall Industrial Estate
Burghmuir Circle
Inverurie
Aberdeenshire
AB51 4FS

A2BCONTAINERS LTD (REGISTERED NUMBER: SC526132)

BALANCE SHEET
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 275,627 232,669

CURRENT ASSETS
Debtors 6 31,960 10,372
Cash at bank 6,109 564
38,069 10,936
CREDITORS
Amounts falling due within one year 7 239,354 198,708
NET CURRENT LIABILITIES (201,285 ) (187,772 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

74,342

44,897

PROVISIONS FOR LIABILITIES 68,907 44,807
NET ASSETS 5,435 90

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 5,433 88
SHAREHOLDERS' FUNDS 5,435 90

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 November 2023 and were signed by:





Mr R G Duncan - Director


A2BCONTAINERS LTD (REGISTERED NUMBER: SC526132)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

A2bcontainers Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is stated net of VAT and trade discounts. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where the contract has only been partially completed at the balances sheet date turnover represents the value of the service provided to date based on a proportion of the total contract value. Where payments are received from customers in advance of services provided, the amounts are recorded as Deferred Income and included as part of Creditors due within one year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 33% on cost, 10% on cost and Straight line over 5 years
Motor vehicles - Straight line over 25 years

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

Residual value is calculated on prices prevailing at the reporting date, after estimated costs of disposal, for the asset as if it were at the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the proceeds and the carrying value of the asset and is included in the profit and loss account.

During the year to 28 February 2023. A2bcontainers Ltd changed the method of depreciating its plant and machinery from 10% on a straight-line basis to 5% on a straight-line basis as this revised method better reflects the entity’s consumption of the plant and machinery over their useful lives and is consistent with the entity’s replacement cycle.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year/period end and that are expected to apply to the reversal of the timing differences.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

A2BCONTAINERS LTD (REGISTERED NUMBER: SC526132)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 February 2023

3. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 March 2022 337,479 2,711 - 340,190
Additions 41,000 - 43,058 84,058
Disposals (26,420 ) - - (26,420 )
At 28 February 2023 352,059 2,711 43,058 397,828
DEPRECIATION
At 1 March 2022 106,707 814 - 107,521
Charge for year 17,216 895 4,037 22,148
Eliminated on disposal (7,468 ) - - (7,468 )
At 28 February 2023 116,455 1,709 4,037 122,201
NET BOOK VALUE
At 28 February 2023 235,604 1,002 39,021 275,627
At 28 February 2022 230,772 1,897 - 232,669

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 30,960 10,372
Other debtors 1,000 -
31,960 10,372

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 115
Tax (4,385 ) (7,755 )
VAT 6,893 3,167
Other creditors 1,399 1,544
Directors' current accounts 235,447 201,637
239,354 198,708

A2BCONTAINERS LTD (REGISTERED NUMBER: SC526132)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 February 2023

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2023 and 28 February 2022:

2023 2022
£    £   
Mr R G Duncan
Balance outstanding at start of year (201,637 ) (214,778 )
Amounts advanced 51,164 46,753
Amounts repaid (84,974 ) (33,612 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (235,447 ) (201,637 )

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr R G Duncan.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
A2BCONTAINERS LTD (REGISTERED NUMBER: SC526132)

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of A2bcontainers Ltd for the year ended 28 February 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of A2bcontainers Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of A2bcontainers Ltd and state those matters that we have agreed to state to the director of A2bcontainers Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that A2bcontainers Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of A2bcontainers Ltd. You consider that A2bcontainers Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of A2bcontainers Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Acumen Accountants and Advisors Limited
Unit 1, Office 1 & 8
Blackhall Industrial Estate
Burghmuir Circle
Inverurie
Aberdeenshire
AB51 4FS


25 November 2023