Company Registration No. SC625004 (Scotland)
Anstruther Trading Co Limited
Unaudited accounts
for the year ended 31 March 2023
Anstruther Trading Co Limited
Unaudited accounts
Contents
Anstruther Trading Co Limited
Company Information
for the year ended 31 March 2023
Directors
John Mitchell
Simone Mitchell
Company Number
SC625004 (Scotland)
Registered Office
9 Union Place
Anstruther
KY10 3HQ
Scotland
Accountants
Caldwell Accountancy Services
Alloa Business Centre
Whins Road
Alloa
Clackmannanshire
FK10 3SA
Anstruther Trading Co Limited
Statement of financial position
as at 31 March 2023
Tangible assets
48,870
41,260
Cash at bank and in hand
46,304
65,260
Creditors: amounts falling due within one year
(59,078)
(73,893)
Net current liabilities
(9,682)
(6,036)
Total assets less current liabilities
39,188
35,224
Provisions for liabilities
Deferred tax
(9,285)
(6,788)
Called up share capital
100
100
Profit and loss account
29,803
28,336
Shareholders' funds
29,903
28,436
For the year ending 31 March 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 directors acknowledge their 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 of Directors and authorised for issue on 21 December 2023 and were signed on its behalf by
Simone Mitchell
Director
Company Registration No. SC625004
Anstruther Trading Co Limited
Notes to the Accounts
for the year ended 31 March 2023
Anstruther Trading Co Limited is a private company, limited by shares, registered in Scotland, registration number SC625004. The registered office is 9 Union Place, Anstruther, KY10 3HQ, Scotland.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% on cost
Motor vehicles
20% on cost
Fixtures & fittings
10% on cost
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Anstruther Trading Co Limited
Notes to the Accounts
for the year ended 31 March 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2022
20,992
-
30,521
51,513
Additions
3,824
12,995
-
16,819
At 31 March 2023
24,816
12,995
30,521
68,332
At 1 April 2022
5,075
-
5,178
10,253
Charge for the year
4,641
1,516
3,052
9,209
At 31 March 2023
9,716
1,516
8,230
19,462
At 31 March 2023
15,100
11,479
22,291
48,870
At 31 March 2022
15,917
-
25,343
41,260
Amounts falling due within one year
Accrued income and prepayments
-
171
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
2,872
1,047
Taxes and social security
1,282
474
Loans from directors
42,986
63,293
7
Deferred taxation
2023
2022
Accelerated capital allowances
9,285
6,788
Provision at start of year
6,788
619
Charged to the profit and loss account
2,497
6,169
Provision at end of year
9,285
6,788
8
Average number of employees
During the year the average number of employees was 7 (2022: 7).