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Company Registration No. SC565436 (Scotland)
Buchanan Peel Decorators Limited Unaudited accounts for the year ended 31 May 2023
Buchanan Peel Decorators Limited Unaudited accounts Contents
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Buchanan Peel Decorators Limited Company Information for the year ended 31 May 2023
Directors
Stuart Buchanan George Peel
Company Number
SC565436 (Scotland)
Registered Office
5 WALKERS RIGG EDINBURGH EH14 2TE SCOTLAND
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Buchanan Peel Decorators Limited Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
48,264 
56,998 
Current assets
Inventories
251 
147 
Debtors
27,114 
660 
Cash at bank and in hand
11,081 
7,348 
38,446 
8,155 
Creditors: amounts falling due within one year
(49,988)
(18,427)
Net current liabilities
(11,542)
(10,272)
Total assets less current liabilities
36,722 
46,726 
Creditors: amounts falling due after more than one year
(42,487)
(42,209)
Net (liabilities)/assets
(5,765)
4,517 
Capital and reserves
Share premium
2 
2 
Profit and loss account
(5,767)
4,515 
Shareholders' funds
(5,765)
4,517 
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 13 February 2024 and were signed on its behalf by
George Peel Director Company Registration No. SC565436
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Buchanan Peel Decorators Limited Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
Buchanan Peel Decorators Limited is a private company, limited by shares, registered in Scotland, registration number SC565436. The registered office is 5 WALKERS RIGG, EDINBURGH, EH14 2TE, SCOTLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2022
7,684 
72,500 
80,184 
At 31 May 2023
7,684 
72,500 
80,184 
Depreciation
At 1 June 2022
3,067 
20,119 
23,186 
Charge for the year
877 
7,857 
8,734 
At 31 May 2023
3,944 
27,976 
31,920 
Net book value
At 31 May 2023
3,740 
44,524 
48,264 
At 31 May 2022
4,617 
52,381 
56,998 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
27,114 
660 
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Buchanan Peel Decorators Limited Notes to the Accounts for the year ended 31 May 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
14,792 
3,419 
Trade creditors
233 
867 
Taxes and social security
10,705 
1,288 
Accruals
24,258 
12,853 
49,988 
18,427 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
42,487 
42,209 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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