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REGISTERED NUMBER: SC252548 (Scotland)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

E & R INGLIS LIMITED

E & R INGLIS LIMITED (REGISTERED NUMBER: SC252548)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


E & R INGLIS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: Mrs M R Carmichael
J G Carmichael
J R Carmichael
A I Carmichael



SECRETARY: Mrs M R Carmichael



REGISTERED OFFICE: 6th Floor, Gordon Chambers
90 Mitchell Street
Glasgow
G1 3NQ



REGISTERED NUMBER: SC252548 (Scotland)



ACCOUNTANTS: Cornerstone Glasgow Ltd
6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
Lanarkshire
G1 3NQ



SOLICITORS: Corrigal Black
20 John Street
Dunoon
Argyll
PA23 7NS

E & R INGLIS LIMITED (REGISTERED NUMBER: SC252548)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 645 861
Investment property 5 447,784 447,784
448,429 448,645

CURRENT ASSETS
Debtors 6 30,811 28,349
Cash at bank 22,754 24,717
53,565 53,066
CREDITORS
Amounts falling due within one year 7 276,047 284,042
NET CURRENT LIABILITIES (222,482 ) (230,976 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

225,947

217,669

PROVISIONS FOR LIABILITIES 122 162
NET ASSETS 225,825 217,507

CAPITAL AND RESERVES
Called up share capital 103 103
Capital redemption reserve 3 3
Retained earnings 225,719 217,401
SHAREHOLDERS' FUNDS 225,825 217,507

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

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

E & R INGLIS LIMITED (REGISTERED NUMBER: SC252548)

BALANCE SHEET - continued
31 JULY 2023


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 22 January 2024 and were signed on its behalf by:





J R Carmichael - Director


E & R INGLIS LIMITED (REGISTERED NUMBER: SC252548)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

E & R Inglis 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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on a reducing balance basis
Fixtures and fittings - 15% on a reducing balance basis
Computer equipment - 33% on a straight line basis

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year 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 year 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to expenditure as incurred.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

E & R INGLIS LIMITED (REGISTERED NUMBER: SC252548)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 August 2022
and 31 July 2023 718 11,372 1,971 14,061
DEPRECIATION
At 1 August 2022 487 10,847 1,866 13,200
Charge for year 35 79 102 216
At 31 July 2023 522 10,926 1,968 13,416
NET BOOK VALUE
At 31 July 2023 196 446 3 645
At 31 July 2022 231 525 105 861

5. INVESTMENT PROPERTY

Mr J G Carmichael, Mrs M R Carmichael and Mr J R Carmichael hold title to the property in trust for E & R Inglis Ltd.

Cost or valuation at 31 July 2023 is represented by:
£   
Valuation in 2023 447,784

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,627 706
Other debtors 29,184 27,643
30,811 28,349

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,292 622
Taxation and social security 3,874 4,590
Other creditors 270,881 278,830
276,047 284,042

8. RELATED PARTY DISCLOSURES

At 31 July 2023, the company was owed £28,171 by Companies under common directorship (2022 £26,809).