ANDREW P. ORR (DECORATORS) LIMITED

Company Registration Number:
SC103520 (Scotland)

Unaudited abridged accounts for the year ended 31 May 2023

Period of accounts

Start date: 01 June 2022

End date: 31 May 2023

ANDREW P. ORR (DECORATORS) LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2023

Balance sheet
Notes

ANDREW P. ORR (DECORATORS) LIMITED

Balance sheet

As at 31 May 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 128,547 85,714
Total fixed assets: 128,547 85,714
Current assets
Stocks: 12,977 12,977
Debtors:   299,698 371,609
Cash at bank and in hand: 148,265 92,537
Total current assets: 460,940 477,123
Creditors: amounts falling due within one year:   (135,518) (213,240)
Net current assets (liabilities): 325,422 263,883
Total assets less current liabilities: 453,969 349,597
Total net assets (liabilities): 453,969 349,597
Capital and reserves
Called up share capital: 24,800 24,800
Other reserves: 6,200 6,200
Profit and loss account: 422,969 318,597
Shareholders funds: 453,969 349,597

The notes form part of these financial statements

ANDREW P. ORR (DECORATORS) LIMITED

Balance sheet statements

For the year ending 31 May 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 25 January 2024
and signed on behalf of the board by:

Name: ANDREW ORR
Status: Director

The notes form part of these financial statements

ANDREW P. ORR (DECORATORS) LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at fair value of consideration received or receivable for services rendered net of VAT and is all generated within the UK.

Tangible fixed assets and depreciation policy

Tangible Assets are recorded at Cost and Depreciated over their useful life less estimated residual value as followsPlant/Office Equipment/Motor Vehicles-25% Reducing Balance Method

Valuation and information policy

Stocks are valued at the lower of Cost and Net Realisable Value.Contract Valuations at year end are Valued at Sales Value of Contract not certified by Contractor less Amounts Received to Year End.Valuations at Year End are included in Debtors.

Other accounting policies

Contributions to Defined Contribution Plans are recognised as an expense and charged to the Profit And Loss Account in year of Payment.

ANDREW P. ORR (DECORATORS) LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

2. Employees

2023 2022
Average number of employees during the period 46 38

ANDREW P. ORR (DECORATORS) LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

3. Tangible Assets

Total
Cost £
At 01 June 2022 422,636
Additions 84,585
Disposals (25,000)
At 31 May 2023 482,221
Depreciation
At 01 June 2022 336,922
Charge for year 28,957
On disposals (12,205)
At 31 May 2023 353,674
Net book value
At 31 May 2023 128,547
At 31 May 2022 85,714

ANDREW P. ORR (DECORATORS) LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

4. Related party transactions

Name of the related party: Andrew and Jean Orr
Relationship:
Directors/Shareholders
Description of the Transaction: During the year Andrew and Jean Orr charged the Company £24,000 Rent (2022 £24,000) for the use of the property at 959 Sauchiehall Street.
£
Balance at 01 June 2022 0
Balance at 31 May 2023 0