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REGISTERED NUMBER: SC666122 (Scotland)
















Unaudited Financial Statements

for the Period 1 August 2022 to 31 December 2023

for

Walter G. Speirs Limited

Walter G. Speirs Limited (Registered number: SC666122)






Contents of the Financial Statements
for the Period 1 August 2022 to 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Walter G. Speirs Limited

Company Information
for the Period 1 August 2022 to 31 December 2023







DIRECTORS: W G Speirs
G W Speirs





REGISTERED OFFICE: 16 Garfield Place
Stepps
Glasgow
G33 6EG





REGISTERED NUMBER: SC666122 (Scotland)





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

Walter G. Speirs Limited (Registered number: SC666122)

Balance Sheet
31 December 2023

31.12.23 31.7.22
Notes £    £   
CURRENT ASSETS
Debtors 4 172,750 109,724
Cash at bank 14,721 14,135
187,471 123,859
CREDITORS
Amounts falling due within one year 5 (45,032 ) (39,193 )
NET CURRENT ASSETS 142,439 84,666
TOTAL ASSETS LESS CURRENT
LIABILITIES

142,439

84,666

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 142,429 84,656
142,439 84,666

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 April 2024 and were signed on its behalf by:





W G Speirs - Director


Walter G. Speirs Limited (Registered number: SC666122)

Notes to the Financial Statements
for the Period 1 August 2022 to 31 December 2023

1. STATUTORY INFORMATION

Walter G. Speirs 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.

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.

Taxation
Taxation for the period 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 period 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 period was 1 (2022 - 1 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.7.22
£    £   
Other debtors 172,750 109,724

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.7.22
£    £   
Taxation and social security 43,592 37,753
Other creditors 1,440 1,440
45,032 39,193

Walter G. Speirs Limited (Registered number: SC666122)

Notes to the Financial Statements - continued
for the Period 1 August 2022 to 31 December 2023

6. LEASING AGREEMENTS

At the year end the company was due to pay £21,328.96 (2022: £0) in non cancellable operating leases.

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included within debtors is an amount for £172,749 (2022: £109,724) due from Mr W G Speirs, the director. This loan is interest free and payable on demand.