Alison M Cooper Ltd |
Notes to the Accounts |
for the period from 9 December 2022 to 31 December 2023 |
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Turnover |
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Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services |
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Tangible fixed assets |
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Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
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Motor vehicles |
25% on a Reducing Balance basis |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
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Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current period. |
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Pensions |
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Contributions to defined contribution plans are expensed in the period to which they relate. |
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2 |
Employees |
2023 |
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Number |
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Average number of persons employed by the company |
1 |
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3 |
Tangible fixed assets |
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Motor vehicles |
£ |
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Cost |
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Additions |
12,000 |
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At 31 December 2023 |
12,000 |
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Depreciation |
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Charge for the period |
750 |
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At 31 December 2023 |
750 |
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Net book value |
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At 31 December 2023 |
11,250 |
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4 |
Creditors: amounts falling due within one year |
2023 |
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£ |
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Trade creditors |
39 |
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Taxation and social security costs |
745 |
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Other creditors |
2,784 |
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3,568 |
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5 |
Other information |
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Alison M Cooper Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is: |
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13 Leith Avenue |
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Burntisland |
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Fife |
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KY3 9HE |