Ayrshire Trade Frames Direct Ltd SC557930 false 2022-03-01 2023-02-28 2023-02-28 The principal activity of the company is Non-specialised wholesale trade Digita Accounts Production Advanced 6.30.9574.0 true true SC557930 2022-03-01 2023-02-28 SC557930 2023-02-28 SC557930 bus:OrdinaryShareClass1 2023-02-28 SC557930 bus:Revised 2023-02-28 SC557930 core:CurrentFinancialInstruments 2023-02-28 SC557930 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 SC557930 core:Non-currentFinancialInstruments 2023-02-28 SC557930 core:Non-currentFinancialInstruments core:AfterOneYear 2023-02-28 SC557930 bus:SmallEntities 2022-03-01 2023-02-28 SC557930 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 SC557930 bus:FullAccounts 2022-03-01 2023-02-28 SC557930 bus:SmallCompaniesRegimeForAccounts 2022-03-01 2023-02-28 SC557930 bus:RegisteredOffice 2022-03-01 2023-02-28 SC557930 bus:Director1 2022-03-01 2023-02-28 SC557930 bus:OrdinaryShareClass1 2022-03-01 2023-02-28 SC557930 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 SC557930 countries:Scotland 2022-03-01 2023-02-28 SC557930 2021-03-01 2022-02-28 SC557930 2022-02-28 SC557930 bus:OrdinaryShareClass1 2022-02-28 SC557930 core:CurrentFinancialInstruments 2022-02-28 SC557930 core:CurrentFinancialInstruments core:WithinOneYear 2022-02-28 SC557930 core:Non-currentFinancialInstruments 2022-02-28 SC557930 core:Non-currentFinancialInstruments core:AfterOneYear 2022-02-28 iso4217:GBP xbrli:pure xbrli:shares

Registration number: SC557930

Ayrshire Trade Frames Direct Ltd

Unaudited Filleted Financial Statements

for the Year Ended 28 February 2023

 

Ayrshire Trade Frames Direct Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Ayrshire Trade Frames Direct Ltd

Company Information

Director

Mr JP McCormack

Registered office

Unit 37
Boundary Road
Heathfield Industrial Estate
Ayr
KA8 9DJ

Accountants

Cameron Alexander Accountants Limited
Chartered Certified Accountants
2 Western Street
Barnsley
S70 2BP

 

Ayrshire Trade Frames Direct Ltd

(Registration number: SC557930)
Balance Sheet as at 28 February 2023

Note

2023
£

2022
£

Current assets

 

Debtors

3

12,656

12,866

Cash at bank and in hand

 

19,961

30,494

 

32,617

43,360

Creditors: Amounts falling due within one year

4

(9,980)

(10,678)

Total assets less current liabilities

 

22,637

32,682

Creditors: Amounts falling due after more than one year

4

(23,278)

(32,065)

Net (liabilities)/assets

 

(641)

617

Capital and reserves

 

Called up share capital

5

2

2

Retained earnings

(643)

615

Shareholders' (deficit)/funds

 

(641)

617

For the financial year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 16 November 2023
 

.........................................
Mr JP McCormack
Director

 

Ayrshire Trade Frames Direct Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

1

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

2

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2022 - 2).

 

Ayrshire Trade Frames Direct Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

3

Debtors

Current

2023
£

2022
£

Prepayments

33

33

Other debtors

12,623

12,833

 

Ayrshire Trade Frames Direct Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

4

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Bank loans and overdrafts

6

9,930

10,648

Trade creditors

 

-

30

Accruals and deferred income

 

50

-

 

9,980

10,678

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

6

23,278

32,065

5

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

2

2

2

2

         

6

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

23,278

32,065

2023
£

2022
£

Current loans and borrowings

Bank borrowings

9,930

10,648