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REGISTERED NUMBER: SC136996 (Scotland)
















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

ANNANDALE DESIGN (U.K.) LIMITED

ANNANDALE DESIGN (U.K.) LIMITED (REGISTERED NUMBER: SC136996)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ANNANDALE DESIGN (U.K.) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: G L Frew
A A D Frew





SECRETARY: A A D Frew





REGISTERED OFFICE: Annandale
Kilmarnock
Ayrshire
KA1 2RS





REGISTERED NUMBER: SC136996 (Scotland)





ACCOUNTANTS: Robert J Hart & Company
Chartered Accountants
Arran House
15D Skye Road
Prestwick
Ayrshire
KA9 2TA

ANNANDALE DESIGN (U.K.) LIMITED (REGISTERED NUMBER: SC136996)

BALANCE SHEET
30 JUNE 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 86,315 82,240

CURRENT ASSETS
Stocks 425,501 230,945
Debtors 5 134,987 161,932
Cash at bank and in hand 29,275 418
589,763 393,295
CREDITORS
Amounts falling due within one year 6 406,622 245,054
NET CURRENT ASSETS 183,141 148,241
TOTAL ASSETS LESS CURRENT
LIABILITIES

269,456

230,481

CREDITORS
Amounts falling due after more than one
year

7

(88,081

)

(121,421

)

PROVISIONS FOR LIABILITIES 10 (15,539 ) (15,331 )
NET ASSETS 165,836 93,729

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 155,836 83,729
165,836 93,729

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

ANNANDALE DESIGN (U.K.) LIMITED (REGISTERED NUMBER: SC136996)

BALANCE SHEET - continued
30 JUNE 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 Board of Directors and authorised for issue on 14 December 2023 and were signed on its behalf by:





G L Frew - Director


ANNANDALE DESIGN (U.K.) LIMITED (REGISTERED NUMBER: SC136996)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

Annandale Design (U.K.) 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.
Revenues and expenses are recognised by reference to the stage of completion of contract activity where the outcome of the construction contract can be estimated reliably, otherwise revenue is recognised only to the extent of recoverable contract costs incurred.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Leasing
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership of the leased asset to the company. All other leases are classified as operating leases.

ANNANDALE DESIGN (U.K.) LIMITED (REGISTERED NUMBER: SC136996)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

2. ACCOUNTING POLICIES - continued

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

Grants
Grants of a revenue nature, either for expenses already incurred or for support purposes with no future related costs,are recognised in income in the period in which they become receivable.

Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2022 - 24 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 July 2022 148,334 97,299 245,633
Additions 2,248 24,350 26,598
At 30 June 2023 150,582 121,649 272,231
DEPRECIATION
At 1 July 2022 110,855 52,538 163,393
Charge for year 5,752 16,771 22,523
At 30 June 2023 116,607 69,309 185,916
NET BOOK VALUE
At 30 June 2023 33,975 52,340 86,315
At 30 June 2022 37,479 44,761 82,240

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 109,502 118,715
Other debtors 25,485 43,217
134,987 161,932

ANNANDALE DESIGN (U.K.) LIMITED (REGISTERED NUMBER: SC136996)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 114,840 42,993
Hire purchase contracts (see note 8) 15,704 13,085
Trade creditors 186,477 122,936
Taxation and social security 59,510 44,488
Other creditors 30,091 21,552
406,622 245,054

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Bank loans 73,167 101,167
Hire purchase contracts (see note 8) 14,914 20,254
88,081 121,421

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

30.6.23 30.6.22
£    £   
Net obligations repayable:
Within one year 15,704 13,085
Between one and five years 14,914 20,254
30,618 33,339

9. SECURED DEBTS

The following secured debts are included within creditors:

30.6.23 30.6.22
£    £   
Bank overdrafts 86,840 14,993
Hire purchase contracts 30,618 33,339
Bank loan 72,000 90,000
189,458 138,332

Hire purchase creditors are secured over the assets to which they relate.
The bank overdraft and loan is secured by a floating charge over the assets of the company.

10. PROVISIONS FOR LIABILITIES
30.6.23 30.6.22
£    £   
Deferred tax 15,539 15,331

ANNANDALE DESIGN (U.K.) LIMITED (REGISTERED NUMBER: SC136996)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 July 2022 15,331
Charge to Income Statement during year 208
Balance at 30 June 2023 15,539

11. RELATED PARTY DISCLOSURES

Included in other debtors at the year end is £12,826 (2022: £28,532) owed by Annandale Engineering, a partnership under common control of the directors.