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REGISTERED NUMBER: SC229371 (Scotland)















Financial Statements For The Year Ended 31 March 2023

for

Anglo Scottish Packaging And
Horticultural Products Limited

Anglo Scottish Packaging And
Horticultural Products Limited (Registered number: SC229371)






Contents of the Financial Statements
For The Year Ended 31 March 2023




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Anglo Scottish Packaging And
Horticultural Products Limited

Company Information
For The Year Ended 31 March 2023







DIRECTORS: M A Anderson
Mrs J C Anderson





REGISTERED OFFICE: 21 Montrose Avenue
Hillington Industrial Estate
Glasgow
G52 4LA





REGISTERED NUMBER: SC229371 (Scotland)





ACCOUNTANTS: Robb Ferguson Chartered Accountants
Regent Court
70 West Regent Street
Glasgow
G2 2QZ

Anglo Scottish Packaging And
Horticultural Products Limited (Registered number: SC229371)

Abridged Statement of Financial Position
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 15,864 13,450
15,864 13,450

CURRENT ASSETS
Stocks 41,980 31,877
Debtors 43,055 97,694
Cash at bank 80,976 75,010
166,011 204,581
CREDITORS
Amounts falling due within one year 98,986 94,276
NET CURRENT ASSETS 67,025 110,305
TOTAL ASSETS LESS CURRENT
LIABILITIES

82,889

123,755

CREDITORS
Amounts falling due after more than one year (28,106 ) (37,500 )

PROVISIONS FOR LIABILITIES (3,966 ) (3,363 )
NET ASSETS 50,817 82,892

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 50,816 82,891
50,817 82,892

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 directors acknowledge their 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.

Anglo Scottish Packaging And
Horticultural Products Limited (Registered number: SC229371)

Abridged Statement of Financial Position - 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.

All the members have consented to the preparation of an abridged Statement of Comprehensive Income and an abridged Statement of Financial Position for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 November 2023 and were signed on its behalf by:





M A Anderson - Director


Anglo Scottish Packaging And
Horticultural Products Limited (Registered number: SC229371)

Notes to the Financial Statements
For The Year Ended 31 March 2023

1. STATUTORY INFORMATION

Anglo Scottish Packaging And Horticultural Products 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when, the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

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.
Fixed plant and equipment - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
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.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Anglo Scottish Packaging And
Horticultural Products Limited (Registered number: SC229371)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022
and 31 March 2023 8,000
AMORTISATION
At 1 April 2022
and 31 March 2023 8,000
NET BOOK VALUE

At 31 March 2023 -
At 31 March 2022 -

Anglo Scottish Packaging And
Horticultural Products Limited (Registered number: SC229371)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2023

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022 39,656
Additions 7,691
Disposals (19,644 )
At 31 March 2023 27,703
DEPRECIATION
At 1 April 2022 26,206
Charge for year 2,266
Eliminated on disposal (16,633 )
At 31 March 2023 11,839
NET BOOK VALUE
At 31 March 2023 15,864
At 31 March 2022 13,450

6. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 12,920 17,760
Between one and five years 42,000 5,920
In more than five years 3,500 -
58,420 23,680