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Rescot Upholstery Limited

Unaudited financial statements for the year ended 31 May 2023


Company information

Rescot Upholstery Limited is a private company limited by shares, registered in Scotland, registered number SC492604.

The company's registered office is: 11 Kings Drive, Motherwell, Lanarkshire, ML1 4HY, United Kingdom.

Balance Sheet

as at 31 May 2023

2023 2022
£ £
Fixed assets 12,400.82 18,650.21
Current assets 940.25 4,978.28
Prepayments and accrued income 3,312.33 4,047.77
Creditors: amounts falling due within one year (40,139.26) (22,889.04)
Net current assets / (liabilities) (35,886.68) (13,862.99)
Total assets less current liabilities (23,485.86) 4,787.22
Creditors: amounts falling due after more than one year (11,169.48) (15,956.40)
Accruals and deferred income 0.00 (300.00)
Net assets (34,655.34) (11,469.18)
Capital and reserves (34,655.34) (11,469.18)

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.

These accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Directors' responsibilities:

Approved by the board of directors and signed on behalf of the board,

George Watson
23 February 2024

Notes to the accounts

  1. Average number of employees

    During the year the average number of employees was 3 (2022: 3).

  2. Director Advances Credits Note

    The opening balance at 1 June 2022 was (£18,100.76) ((23,083.77):2022). In the year Director advanced a further £41525.21 ((£12,363.94):2022) to the company, increasing the Company liability to (£59,625.97) ((£35,447.71):2022). In the year the Director withdrew £27,825.25, ((£17,346.95):2022). The closing balance at 31 May 2023 was (£31800.72) ((£18,100.76):2022)