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REGISTERED NUMBER: SC249241 (Scotland)













Unaudited Financial Statements

for the Year Ended 30 June 2023

for

Ailsa TH Limited

Ailsa TH Limited (Registered number: SC249241)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ailsa TH Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: S Dennett
A Keys





SECRETARY: S Dennett





REGISTERED OFFICE: 102 Bath Street
Glasgow
G2 2EN





REGISTERED NUMBER: SC249241 (Scotland)





ACCOUNTANTS: Gerber Landa & Gee
Chartered Accountants
Pavilion 1
Finnieston Business Park
Minerva Way
GLASGOW
G3 8AU

Ailsa TH Limited (Registered number: SC249241)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 15,000 20,000
Tangible assets 5 1,226 1,632
16,226 21,632

CURRENT ASSETS
Stocks 10,500 -
Debtors 6 81,702 115,430
Cash at bank and in hand 173 2,130
92,375 117,560
CREDITORS
Amounts falling due within one year 7 164,622 167,569
NET CURRENT LIABILITIES (72,247 ) (50,009 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(56,021

)

(28,377

)

CREDITORS
Amounts falling due after more than one
year

8

(63,418

)

(84,821

)

PROVISIONS FOR LIABILITIES (132 ) (187 )
NET LIABILITIES (119,571 ) (113,385 )

CAPITAL AND RESERVES
Called up share capital 32,000 32,000
Retained earnings (151,571 ) (145,385 )
SHAREHOLDERS' FUNDS (119,571 ) (113,385 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Ailsa TH Limited (Registered number: SC249241)

Balance Sheet - continued
30 June 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 25 October 2023 and were signed on its behalf by:





S Dennett - Director


Ailsa TH Limited (Registered number: SC249241)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Ailsa TH 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The financial statements have been prepared on the going concern basis which assumes the company will continue to trade for the foreseeable future. Despite liabilities exceeding assets at the balance sheet date, the Directors are confident that the company can continue trading for the foreseeable future and will be able to continue trading for a least 12 months from the balance sheet date. Should the company be unable to continue trading, adjustments would have to be made to reduce the balance sheet values of assets to their recoverable amounts, and to reclassify fixed assets and long term liabilities as current assets and liabilities.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Where there is a contract which is only partially completed at the balance sheet date turnover represents the value of service provided to date based on a proportion of the total contract value.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of nine years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost and 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using effective interest method.

Ailsa TH Limited (Registered number: SC249241)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

2. ACCOUNTING POLICIES - continued

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

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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 11 ) .

Ailsa TH Limited (Registered number: SC249241)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2022
and 30 June 2023 45,000
AMORTISATION
At 1 July 2022 25,000
Charge for year 5,000
At 30 June 2023 30,000
NET BOOK VALUE
At 30 June 2023 15,000
At 30 June 2022 20,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022 54,799
Additions 996
At 30 June 2023 55,795
DEPRECIATION
At 1 July 2022 53,167
Charge for year 1,402
At 30 June 2023 54,569
NET BOOK VALUE
At 30 June 2023 1,226
At 30 June 2022 1,632

Ailsa TH Limited (Registered number: SC249241)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 July 2022 9,350
Transfer to ownership (9,350 )
At 30 June 2023 -
DEPRECIATION
At 1 July 2022 9,350
Transfer to ownership (9,350 )
At 30 June 2023 -
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 71,870 92,805
Other debtors 9,832 22,625
81,702 115,430

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 72,805 76,107
Trade creditors 16,453 21,668
Taxation and social security 51,611 52,422
Other creditors 23,753 17,372
164,622 167,569

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Bank loans 63,418 84,821

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 6,806

Ailsa TH Limited (Registered number: SC249241)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

9. SECURED DEBTS

The following secured debts are included within creditors:

30.6.23 30.6.22
£    £   
Bank overdrafts 51,138 54,440

The Royal Bank of Scotland hold a Bond and Floating charge over the whole property of the company in respect of all sums falling due.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2023 and 30 June 2022:

30.6.23 30.6.22
£    £   
S Dennett
Balance outstanding at start of year 19,800 36,587
Amounts advanced 4,809 29,598
Amounts repaid (28,700 ) (46,385 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (4,091 ) 19,800

No interest has been charged on this balance and there is no fixed repayment date.

11. ULTIMATE CONTROLLING PARTY

The directors and their families own the entire issued capital of the company and on that basis they are the ultimate controlling parties.