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Company registration number: SC532145
The Social Economy Limited
Unaudited filleted financial statements
31 October 2023
The Social Economy Limited
Contents
Directors and other information
Accountants report
Statement of financial position and notes to the financial statements
The Social Economy Limited
Directors and other information
Director John Allan
Company number SC532145
Registered office 18 North Street
Glenrothes
Fife
United Kingdom
KY7 5NA
Accountants Paterson Boyd & Co
Chartered Certified Accountants
18 North Street
Glenrothes
Fife
KY7 5NA
Bankers Santander Uk Plc
Bridle Road
Bootle
Merseyside
L30 4GB
The Social Economy Limited
Report to the director on the preparation of the
unaudited statutory financial statements of The Social Economy Limited
Period ended 31 October 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Social Economy Limited for the period ended 31 October 2023 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of ICAS , we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.
This report is made solely to the director of The Social Economy Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of The Social Economy Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Social Economy Limited and its director as a body for our work or for this report.
It is your duty to ensure that The Social Economy Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of The Social Economy Limited. You consider that The Social Economy Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the financial statements of The Social Economy Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Paterson Boyd & Co
Chartered Certified Accountants
18 North Street
Glenrothes
Fife
KY7 5NA
7 February 2024
The Social Economy Limited
Statement of financial position
31 October 2023
31/10/23 30/04/22
£ £
Fixed assets - 312
_______ _______
Current assets 3,808 6,641
Creditors: amounts falling due within one year ( 2,601) ( 5,162)
_______ _______
Net current assets 1,207 1,479
_______ _______
Total assets less current liabilities 1,207 1,791
Accruals and deferred income ( 1,055) ( 1,413)
_______ _______
Net assets 152 378
_______ _______
Capital and reserves 152 378
_______ _______
Notes to the financial statements
The Social Economy Limited
Period ended 31 October 2023
1. Employee numbers
The average number of persons employed by the company during the period amounted to 1 (2022: 1 ).
2. Directors advances, credits and guarantees
During the period the director entered into the following advances and credits with the company:
Period ended 31/10/23
Balance brought forward Advances /(credits) to the director Amounts repaid Balance o/standing
£ £ £ £
John Allan ( 6) ( 1,785) 2,900 1,109
_______ _______ _______ _______
Year ended 30/04/22
Balance brought forward Advances /(credits) to the director Amounts repaid Balance o/standing
£ £ £ £
John Allan 1,107 ( 1,185) 72 ( 6)
_______ _______ _______ _______
For the period ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The member has not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 07 February 2024 , and are signed on behalf of the board by:
John Allan
Director
Company registration number: SC532145
The company is a private company limited by shares, registered in Scotland.