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REGISTERED NUMBER: SC403407 (Scotland)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Bruce Hamilton (Furniture Makers)
Limited

Bruce Hamilton (Furniture Makers)
Limited (Registered number: SC403407)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bruce Hamilton (Furniture Makers)
Limited

Company Information
for the Year Ended 31 July 2023







DIRECTOR: Bruce Hamilton





REGISTERED OFFICE: Strathcona Studio Workshops
18 Strathcona Drive
Glasgow
G13 1JG





REGISTERED NUMBER: SC403407 (Scotland)





ACCOUNTANTS: Stevenson & Kyles
Chartered Accountants
25 Sandyford Place
Glasgow
G3 7NG

Bruce Hamilton (Furniture Makers)
Limited (Registered number: SC403407)

Balance Sheet
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 403 -
403 -

CURRENT ASSETS
Stock 1,200 1,200
Cash at bank 19,200 12,960
20,400 14,160
CREDITORS
Amounts falling due within one year 6 8,966 8,870
NET CURRENT ASSETS 11,434 5,290
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,837

5,290

CREDITORS
Amounts falling due after more than one
year

7

-

453
NET ASSETS 11,837 4,837

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 11,737 4,737
SHAREHOLDERS' FUNDS 11,837 4,837

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Bruce Hamilton (Furniture Makers)
Limited (Registered number: SC403407)

Balance Sheet - continued
31 July 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 February 2024 and were signed by:





Bruce Hamilton - Director


Bruce Hamilton (Furniture Makers)
Limited (Registered number: SC403407)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Bruce Hamilton (Furniture Makers) 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

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.
Plant and machinery - 20% on cost

Stocks
Stock 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, including debtors and creditors with no stated interest rate and receivable or payable within one year, are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.


Bruce Hamilton (Furniture Makers)
Limited (Registered number: SC403407)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022
and 31 July 2023 23,000
AMORTISATION
At 1 August 2022
and 31 July 2023 23,000
NET BOOK VALUE
At 31 July 2023 -
At 31 July 2022 -

Bruce Hamilton (Furniture Makers)
Limited (Registered number: SC403407)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 August 2022 3,968
Additions 504
At 31 July 2023 4,472
DEPRECIATION
At 1 August 2022 3,968
Charge for year 101
At 31 July 2023 4,069
NET BOOK VALUE
At 31 July 2023 403
At 31 July 2022 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 5,277 6,120
Other creditors 3,689 2,750
8,966 8,870

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Other creditors - 453

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Bruce Hamilton.