Registered number
SC613186
316 Removals and Storage Ltd
Filleted Accounts
30 November 2023
316 Removals and Storage Ltd
Registered number: SC613186
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 19,954 25,263
Current assets
Cash at bank and in hand 4,425 16,496
Creditors: amounts falling due within one year 4 (19,381) (29,521)
Net current liabilities (14,956) (13,025)
Net assets 4,998 12,238
Capital and reserves
Called up share capital 1 1
Profit and loss account 4,997 12,237
Shareholder's funds 4,998 12,238
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P Brannigan
Director
Approved by the board on 12 February 2024
316 Removals and Storage Ltd
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services and is recognised by reference to the stage of completion of the contract.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost over its expected useful life, as follows:
Vehicles 25% by Reducing Balance
Plant, Machinery and Equipment 15% by Reducing Balance
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax loss is recognised for the current period.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 December 2022 1,629 35,310 36,939
Additions 848 - 848
At 30 November 2023 2,477 35,310 37,787
Depreciation
At 1 December 2022 36 11,640 11,676
Charge for the year 239 5,918 6,157
At 30 November 2023 275 17,558 17,833
Net book value
At 30 November 2023 2,202 17,752 19,954
At 30 November 2022 1,593 23,670 25,263
4 Creditors: amounts falling due within one year 2023 2022
£ £
Lease for NX15 EPZ - 5,493
Lease for CN69 KGV 14,008 17,561
Taxation and social security costs 5,316 6,389
Other creditors 57 78
19,381 29,521
5 Other information
316 Removals and Storage Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is:
16 Cotburn Crescent
Burntisland
Fife
KY3 9JD
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