Company Registration No. SC257300 (Scotland)
Bronze Edition Limited
Unaudited accounts
for the year ended 31 December 2023
Bronze Edition Limited
Unaudited accounts
Contents
Bronze Edition Limited
Company Information
for the year ended 31 December 2023
Company Number
SC257300 (Scotland)
Registered Office
2 York Square
Grangemouth
Stirlingshire
FK3 8BB
Scotland
Accountants
Bridge of Allan Enterprise Ltd
"The Summerhouse"
29A Kenilworth Road, Bridge of Allan
Stirling
FK9 4EH
Bronze Edition Limited
Statement of financial position
as at 31 December 2023
Tangible assets
11,119
13,568
Cash at bank and in hand
20,376
19,492
Creditors: amounts falling due within one year
(28,710)
(26,498)
Net current liabilities
(6,301)
(4,612)
Total assets less current liabilities
4,818
8,956
Creditors: amounts falling due after more than one year
(2,678)
(4,679)
Provisions for liabilities
Deferred tax
(2,113)
(2,157)
Called up share capital
2
2
Profit and loss account
25
2,118
Shareholders' funds
27
2,120
For the year ending 31 December 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 director acknowledges her 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 and authorised for issue on 20 January 2024 and were signed on its behalf by
H Neilson
Director
Company Registration No. SC257300
Bronze Edition Limited
Notes to the Accounts
for the year ended 31 December 2023
Bronze Edition Limited is a private company, limited by shares, registered in Scotland, registration number SC257300. The registered office is 2 York Square , Grangemouth , Stirlingshire , FK3 8BB, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Plant & machinery
25% per annum reducing balance
Fixtures & fittings
25% per annum reducing balance
The financial statements have been prepared on a going concern basis . The Director has reviewed and considered relevant information in making her assessment. Based on these assessments, the Director has concluded that she can continue to adopt the going concern basis in preparing the annual report and accounts.
Income from tanning salon operations is measured by the amounts invoiced during the year and is measured at the fair value of the consideration received, or receivable, excluding discounts , rebates , value added tax , and other sales tax.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Taxation for the year comprises current & deferred tax. Tax is recognised in the Statement of Income & Retained Earnings , except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
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 arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Bronze Edition Limited
Notes to the Accounts
for the year ended 31 December 2023
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 January 2023
56,164
6,018
62,182
At 31 December 2023
56,164
7,276
63,440
At 1 January 2023
44,004
4,610
48,614
Charge for the year
3,040
667
3,707
At 31 December 2023
47,044
5,277
52,321
At 31 December 2023
9,120
1,999
11,119
At 31 December 2022
12,160
1,408
13,568
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
2,160
2,160
Loans from directors
25,750
23,538
7
Creditors: amounts falling due after more than one year
2023
2022
The Company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the profit or loss in the period to which they relate.
9
Transactions with related parties
The loan by the director is interest free and no fixed terms of repayment have been agreed.
10
Average number of employees
During the year the average number of employees was 4 (2022: 4).