Company Registration No. SC253017 (Scotland)
Siddique & Sons Ltd.
Unaudited accounts
for the year ended 30 November 2023
Siddique & Sons Ltd.
Statement of financial position
as at 30 November 2023
Intangible assets
27,142
27,142
Cash at bank and in hand
790
(1,236)
Creditors: amounts falling due within one year
(22,948)
(28,592)
Net current liabilities
(14,772)
(21,084)
Total assets less current liabilities
12,888
6,667
Creditors: amounts falling due after more than one year
(21,901)
(21,901)
Net liabilities
(9,013)
(15,234)
Called up share capital
100
100
Profit and loss account
(9,113)
(15,334)
Shareholders' funds
(9,013)
(15,234)
For the year ending 30 November 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 his 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 11 April 2024 and were signed on its behalf by
Shazhad Siddique
Director
Company Registration No. SC253017
Siddique & Sons Ltd.
Notes to the Accounts
for the year ended 30 November 2023
Siddique & Sons Ltd. is a private company, limited by shares, registered in Scotland, registration number SC253017. The registered office is 40 Stirling Road, Fallin, Stirlingshire, FK7 7JL.
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.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% reducing balance
Fixtures & fittings
15% reducing balance
4
Intangible fixed assets
Goodwill
At 30 November 2023
27,142
At 30 November 2023
27,142
At 30 November 2022
27,142
Siddique & Sons Ltd.
Notes to the Accounts
for the year ended 30 November 2023
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 December 2022
787
4,125
4,912
At 30 November 2023
787
4,125
4,912
At 1 December 2022
573
3,730
4,303
Charge for the year
32
59
91
At 30 November 2023
605
3,789
4,394
At 30 November 2023
182
336
518
At 30 November 2022
214
395
609
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
5,619
3,386
Taxes and social security
4,218
4,630
Other creditors
2,281
2,297
Loans from directors
10,830
18,279
7
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
21,901
21,901
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 4 (2022: 4).