Company Registration No. SC170821 (Scotland)
Advanced Tooling Services Limited
Unaudited accounts
for the year ended 31 March 2023
Advanced Tooling Services Limited
Unaudited accounts
Contents
Advanced Tooling Services Limited
Company Information
for the year ended 31 March 2023
Directors
Frank McLuskey
Scot McLuskey
Isobel McLuskey
Company Number
SC170821 (Scotland)
Registered Office
18 Tennant Complex
Tennant Avenue, College Milton South
East Kilbride
G74 5NA
Accountants
The Accounting Crew Scotland Limited
Certified Public Accountants
8 Benview Road
Glasgow
G76 7PP
Advanced Tooling Services Limited
Statement of financial position
as at 31 March 2023
Tangible assets
14,605
17,143
Cash at bank and in hand
(1,876)
1,149
Creditors: amounts falling due within one year
(102,636)
(69,689)
Net current (liabilities)/assets
(5,218)
13,046
Called up share capital
10,000
10,000
Profit and loss account
(613)
20,189
Shareholders' funds
9,387
30,189
For the year ending 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 November 2023 and were signed on its behalf by
Frank McLuskey
Director
Company Registration No. SC170821
Advanced Tooling Services Limited
Notes to the Accounts
for the year ended 31 March 2023
Advanced Tooling Services Limited is a private company, limited by shares, registered in Scotland, registration number SC170821. The registered office is 18 Tennant Complex, Tennant Avenue, College Milton South, East Kilbride, G74 5NA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% reducing balance
Plant & machinery
25% reducing balance
Fixtures & fittings
20% reducing balance
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2022
25,045
201,380
8,989
235,414
At 31 March 2023
25,045
201,380
8,989
235,414
At 1 April 2022
19,290
190,766
8,215
218,271
Charge for the year
432
1,990
116
2,538
At 31 March 2023
19,722
192,756
8,331
220,809
At 31 March 2023
5,323
8,624
658
14,605
At 31 March 2022
5,755
10,614
774
17,143
Advanced Tooling Services Limited
Notes to the Accounts
for the year ended 31 March 2023
Amounts falling due within one year
Trade debtors
95,941
77,835
Accrued income and prepayments
2,132
2,685
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
17,666
33,400
Trade creditors
11,822
12,834
Taxes and social security
14,969
15,670
Loans from directors
42,629
6,285
Allotted, called up and fully paid:
10,000 Ordinary shares of £1 each
10,000
10,000
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Average number of employees
During the year the average number of employees was 6 (2022: 6).