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REGISTERED NUMBER: SC634614 (Scotland)
















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Double Neat Ltd

Double Neat Ltd (Registered number: SC634614)






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


Double Neat Ltd

Company Information
for the Year Ended 30 June 2023







DIRECTORS: M B Carey
A J Skinner





REGISTERED OFFICE: 1 Mavisbank Gardens
Glasgow
G51 1HF





REGISTERED NUMBER: SC634614 (Scotland)





ACCOUNTANTS: McLay McAlister & McGibbon LLP
Chartered Accountants
145 St Vincent Street
Glasgow
G2 5JF

Double Neat Ltd (Registered number: SC634614)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 7,748 10,318

CURRENT ASSETS
Debtors 5 14,177 47,395
Cash at bank 28,043 34,182
42,220 81,577
CREDITORS
Amounts falling due within one year 6 (20,700 ) (66,993 )
NET CURRENT ASSETS 21,520 14,584
TOTAL ASSETS LESS CURRENT
LIABILITIES

29,268

24,902

CREDITORS
Amounts falling due after more than one
year

7

(23,153

)

-

PROVISIONS FOR LIABILITIES (1,550 ) (337 )
NET ASSETS 4,565 24,565

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 4,563 24,563
4,565 24,565

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.

Double Neat Ltd (Registered number: SC634614)

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 November 2023 and were signed on its behalf by:





M B Carey - Director


Double Neat Ltd (Registered number: SC634614)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Double Neat Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

The company's policy is to review the remaining useful lives and residual value of all tangible fixed assets on an on-going basis and to adjust the depreciation charge to reflect the remaining useful economic life and residual value.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Double Neat Ltd (Registered number: SC634614)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022 16,101
Additions 1,851
At 30 June 2023 17,952
DEPRECIATION
At 1 July 2022 5,783
Charge for year 4,421
At 30 June 2023 10,204
NET BOOK VALUE
At 30 June 2023 7,748
At 30 June 2022 10,318

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 8,336 44,920
Other debtors 5,841 2,475
14,177 47,395

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 8,340 37,508
Taxation and social security 5,533 7,536
Other creditors 6,827 21,949
20,700 66,993

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Bank loans 23,153 -

8. RELATED PARTY DISCLOSURES

Included in Other Creditors is £2,279 (2022: £19,285) owed to the directors. This loan is interest free and repayable on demand.