1 December 2022 false No description of principal activity Taxfiler 2024.1 SC253017business:PrivateLimitedCompanyLtd2022-12-012023-11-30 SC2530172022-11-30 SC2530172022-12-012023-11-30 SC253017business:AuditExemptWithAccountantsReport2022-12-012023-11-30 SC253017business:FilletedAccounts2022-12-012023-11-30 SC2530172023-11-30 SC2530172022-11-30 SC253017core:WithinOneYear2023-11-30 SC253017core:WithinOneYear2022-11-30 SC253017core:AfterOneYear2023-11-30 SC253017core:AfterOneYear2022-11-30 SC253017core:ShareCapitalcore:PreviouslyStatedAmount2023-11-30 SC253017core:ShareCapitalcore:PreviouslyStatedAmount2022-11-30 SC253017core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-11-30 SC253017core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-11-30 SC253017core:PreviouslyStatedAmount2023-11-30 SC253017core:PreviouslyStatedAmount2022-11-30 SC253017business:SmallEntities2022-12-012023-11-30 SC253017business:Director12022-12-012023-11-30 SC253017countries:Scotland2022-12-012023-11-30 SC253017business:RegisteredOffice2022-12-012023-11-30 SC253017core:PlantMachinery2022-12-012023-11-30 SC253017core:FurnitureFittings2022-12-012023-11-30 SC253017core:Goodwill2022-11-30 SC253017core:Goodwill2023-11-30 SC253017core:PlantMachinery2022-11-30 SC253017core:FurnitureFittings2022-11-30 SC253017core:PlantMachinery2023-11-30 SC253017core:FurnitureFittings2023-11-30 SC253017business:OrdinaryShareClass12022-12-012023-11-30 SC253017business:OrdinaryShareClass12021-12-012022-11-30 SC2530172021-12-012022-11-30 iso4217:GBP xbrli:shares xbrli:pure
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
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
27,142 
27,142 
Tangible assets
518 
609 
27,660 
27,751 
Current assets
Inventories
7,386 
8,744 
Cash at bank and in hand
790 
(1,236)
8,176 
7,508 
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)
Capital and reserves
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
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Siddique & Sons Ltd. Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
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 
£ 
Cost
At 1 December 2022
27,142 
At 30 November 2023
27,142 
Amortisation
At 1 December 2022
- 
At 30 November 2023
- 
Net book value
At 30 November 2023
27,142 
At 30 November 2022
27,142 
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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 
Depreciation
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 
Net book value
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 
22,948 
28,592 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Other creditors
21,901 
21,901 
8
Share capital
2023 
2022 
£ 
£ 
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).
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