Audio visual Automatics (Aberdeen) Ltd
Registered number: SC373124
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 37,000 33,900
Investments 4 38,786 38,786
75,786 72,686
Current assets
Debtors 5 (6,397) 1,123
Cash at bank and in hand 1,349 1,352
(5,048) 2,475
Creditors: amounts falling due within one year 6 (5,054) (5,854)
Net current liabilities (10,102) (3,379)
Total assets less current liabilities 65,684 69,307
Creditors: amounts falling due after more than one year 7 (897) (3,662)
Net assets 64,787 65,645
Capital and reserves
Called up share capital 2 2
Profit and loss account 64,785 65,643
Shareholders' funds 64,787 65,645
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
K Watt
Director
Approved by the board on 20 November 2023
Audio visual Automatics (Aberdeen) Ltd
Notes to the Accounts
for the year ended 28 February 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Investments
Investments in unquoted equity instruments are measured at fair value. Changes in fair value are recognised in profit or loss. Fair value is estimated by using a valuation technique.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 March 2022 99,368
Additions 11,374
At 28 February 2023 110,742
Depreciation
At 1 March 2022 65,468
Charge for the year 8,274
At 28 February 2023 73,742
Net book value
At 28 February 2023 37,000
At 28 February 2022 33,900
4 Investments
Other
investments
£
Cost
At 1 March 2022 38,786
At 28 February 2023 38,786
5 Debtors 2023 2022
£ £
Trade debtors (6,397) 1,123
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 600 600
Corporation tax 4,454 5,254
5,054 5,854
7 Creditors: amounts falling due after one year 2023 2022
£ £
Other creditors 897 3,662
8 Other information
Audio visual Automatics (Aberdeen) Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is:
Kinbog Steading
Kinbog
Fraserburgh
Aberdeenshire
AB43 8UB
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