Company Registration No. SC565436 (Scotland)
Buchanan Peel Decorators Limited
Unaudited accounts
for the year ended 31 May 2023
Buchanan Peel Decorators Limited
Unaudited accounts
Contents
Buchanan Peel Decorators Limited
Company Information
for the year ended 31 May 2023
Directors
Stuart Buchanan
George Peel
Company Number
SC565436 (Scotland)
Registered Office
5 WALKERS RIGG
EDINBURGH
EH14 2TE
SCOTLAND
Buchanan Peel Decorators Limited
Statement of financial position
as at 31 May 2023
Tangible assets
48,264
56,998
Cash at bank and in hand
11,081
7,348
Creditors: amounts falling due within one year
(49,988)
(18,427)
Net current liabilities
(11,542)
(10,272)
Total assets less current liabilities
36,722
46,726
Creditors: amounts falling due after more than one year
(42,487)
(42,209)
Net (liabilities)/assets
(5,765)
4,517
Profit and loss account
(5,767)
4,515
Shareholders' funds
(5,765)
4,517
For the year ending 31 May 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 13 February 2024 and were signed on its behalf by
George Peel
Director
Company Registration No. SC565436
Buchanan Peel Decorators Limited
Notes to the Accounts
for the year ended 31 May 2023
Buchanan Peel Decorators Limited is a private company, limited by shares, registered in Scotland, registration number SC565436. The registered office is 5 WALKERS RIGG, EDINBURGH, EH14 2TE, 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:
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 June 2022
7,684
72,500
80,184
At 31 May 2023
7,684
72,500
80,184
At 1 June 2022
3,067
20,119
23,186
Charge for the year
877
7,857
8,734
At 31 May 2023
3,944
27,976
31,920
At 31 May 2023
3,740
44,524
48,264
At 31 May 2022
4,617
52,381
56,998
Amounts falling due within one year
Buchanan Peel Decorators Limited
Notes to the Accounts
for the year ended 31 May 2023
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
10,705
1,288
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).