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REGISTERED NUMBER: SC318679 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

OBAN MILK SUPPLIES LIMITED

OBAN MILK SUPPLIES LIMITED (REGISTERED NUMBER: SC318679)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OBAN MILK SUPPLIES LIMITED

COMPANY INFORMATION
For The Year Ended 31 March 2023







DIRECTOR: Gary Sinclair MacDonald





SECRETARY: Kenneth Stewart MacDougall





REGISTERED OFFICE: R A Clement Associates
5 Argyll Square
OBAN
PA34 4AZ





REGISTERED NUMBER: SC318679 (Scotland)





ACCOUNTANTS: R A Clement Associates
5 Argyll Square
OBAN
Argyll
PA34 4AZ

OBAN MILK SUPPLIES LIMITED (REGISTERED NUMBER: SC318679)

BALANCE SHEET
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 9,549 12,732
9,549 12,732

CURRENT ASSETS
Stocks 300 300
Debtors 6 82,638 76,716
Cash at bank 46,463 47,771
129,401 124,787
CREDITORS
Amounts falling due within one year 7 108,030 102,194
NET CURRENT ASSETS 21,371 22,593
TOTAL ASSETS LESS CURRENT
LIABILITIES

30,920

35,325

PROVISIONS FOR LIABILITIES 1,815 2,419
NET ASSETS 29,105 32,906

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 29,104 32,905
SHAREHOLDERS' FUNDS 29,105 32,906

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

OBAN MILK SUPPLIES LIMITED (REGISTERED NUMBER: SC318679)

BALANCE SHEET - continued
31 March 2023


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 28 November 2023 and were signed by:





Gary Sinclair MacDonald - Director


OBAN MILK SUPPLIES LIMITED (REGISTERED NUMBER: SC318679)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2023

1. STATUTORY INFORMATION

Oban Milk Supplies Limited 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.

2. ACCOUNTING POLICIES

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

OBAN MILK SUPPLIES LIMITED (REGISTERED NUMBER: SC318679)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 28,000
AMORTISATION
At 1 April 2022
and 31 March 2023 28,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 5,388 63,843 69,231
DEPRECIATION
At 1 April 2022 2,141 54,358 56,499
Charge for year 812 2,371 3,183
At 31 March 2023 2,953 56,729 59,682
NET BOOK VALUE
At 31 March 2023 2,435 7,114 9,549
At 31 March 2022 3,247 9,485 12,732

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 55,719 55,080
Other debtors 26,919 21,636
82,638 76,716

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 25,725 23,456
Taxation and social security 4,045 -
Other creditors 78,260 78,738
108,030 102,194