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REGISTERED NUMBER: SC365368 (Scotland)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Anderbeth Ltd

Anderbeth Ltd (Registered number: SC365368)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Anderbeth Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTOR: G Falconer





REGISTERED OFFICE: Block 2-17
14 Sandilands Street
Glasgow
G32 0HT





REGISTERED NUMBER: SC365368 (Scotland)





ACCOUNTANTS: Clements
Chartered Accountants
39 St Vincent Place
Glasgow
G1 2ER

Anderbeth Ltd (Registered number: SC365368)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,842 10,442

CURRENT ASSETS
Stocks 8,050 4,750
Debtors 5 1,161 1,419
Cash at bank 6,698 2,210
15,909 8,379
CREDITORS
Amounts falling due within one year 6 18,642 8,886
NET CURRENT LIABILITIES (2,733 ) (507 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,109

9,935

CREDITORS
Amounts falling due after more than one
year

7

24,204

31,606
NET LIABILITIES (19,095 ) (21,671 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (19,097 ) (21,673 )
SHAREHOLDERS' FUNDS (19,095 ) (21,671 )

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.

Anderbeth Ltd (Registered number: SC365368)

Balance Sheet - continued
28 February 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:





G Falconer - Director


Anderbeth Ltd (Registered number: SC365368)

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

1. STATUTORY INFORMATION

Anderbeth 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.

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
The turnover shown in the profit and loss account represents revenue recognised by the company in respect of goods and services supplied during the period, exclusive of Value Added Tax and trade discounts. Revenue is recognised when the company has the right to receive it.

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.
Showroom fittings - 20% on cost
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and selling price less costs to complete and sell.

Financial instruments
The company only has basic financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Showroom Plant and Motor Computer
fittings machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2022
and 28 February 2023 5,928 11,231 14,163 1,512 32,834
DEPRECIATION
At 1 March 2022 5,023 5,055 10,802 1,512 22,392
Charge for year 834 926 840 - 2,600
At 28 February 2023 5,857 5,981 11,642 1,512 24,992
NET BOOK VALUE
At 28 February 2023 71 5,250 2,521 - 7,842
At 28 February 2022 905 6,176 3,361 - 10,442

Anderbeth Ltd (Registered number: SC365368)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Other debtors 1,161 1,419

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 6,750 6,750
Trade creditors 9,531 352
Taxation and social security - 188
Other creditors 2,361 1,596
18,642 8,886

Included in other creditors is the director's loan which is unsecured, interest free and repayable on demand.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans 24,204 31,606

8. SECURED DEBTS

The following secured debts are included within creditors:

28.2.23 28.2.22
£    £   
Bank Loan - 16,993

The bank loan is secured by a personal guarantee from the director.

9. GOVERNMENT GRANTS

During the period the company benefited from Nil (2022 - £559.12) of government grants from the Coronavirus Job Retention Scheme and Nil (2022 - £123.29) from business interruption payments. In accordance with our accounting policy these credits are included in other income within the Income Statement over the same period as the staff costs and loan interest for which they compensate. The company also benefited from Nil (2022 - £9,000) of government grants from business support which is included in other income within the Income Statement.