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Registration number: SC252938

Ballincrieff Consulting Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 September 2023

 

Ballincrieff Consulting Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Ballincrieff Consulting Limited

Company Information

Director

Mr D Chisholm

Company secretary

Mrs J Chisholm

Registered office

Loanhead of Dalqueich
Carnbo
KY13 0NT

Accountants

Ross McConnell
Chartered Accountant
3 High Street
Kinross
KY13 8AW

 

Ballincrieff Consulting Limited

(Registration number: SC252938)
Balance Sheet as at 30 September 2023

Note

2023
£

2022
£

Fixed Assets

 

Tangible Assets

4

775

976

Other financial assets

5

-

26,177

 

775

27,153

Current assets

 

Debtors

6

4,578

-

Cash at bank and in hand

 

9,667

27,836

 

14,245

27,836

Creditors: Amounts falling due within one year

7

(2,210)

(18,958)

Net current assets

 

12,035

8,878

Net assets

 

12,810

36,031

Capital and reserves

 

Called up share capital

8

2

2

Retained earnings

12,808

36,029

Shareholders' funds

 

12,810

36,031

For the financial year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 21 March 2024
 

 

Ballincrieff Consulting Limited

(Registration number: SC252938)
Balance Sheet as at 30 September 2023

.........................................
Mr D Chisholm
Director

 

Ballincrieff Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

1

General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
Loanhead of Dalqueich
Carnbo
KY13 0NT

These financial statements were authorised for issue by the director on 21 March 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible Assets

Tangible Assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Ballincrieff Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures & fittings

20% reducing balance

Computer equipment

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2022 - 2).

 

Ballincrieff Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

4

Tangible Assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 October 2022

2,543

2,543

Disposals

(502)

(502)

At 30 September 2023

2,041

2,041

Depreciation

At 1 October 2022

1,567

1,567

Charge for the year

69

69

Eliminated on disposal

(370)

(370)

At 30 September 2023

1,266

1,266

Carrying amount

At 30 September 2023

775

775

At 30 September 2022

976

976

5

Other financial assets (current and non-current)

Investment in listed shares
£

Total
£

Non-current financial assets

Cost or valuation

At 1 October 2022

26,177

26,177

Disposals

(26,177)

(26,177)

At 30 September 2023

-

-

Impairment

Carrying amount

At 30 September 2023

-

-

At 30 September 2022

26,177

26,177

 

Ballincrieff Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

6

Debtors

Current

2023
£

2022
£

Other debtors

4,578

-

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

-

16,274

Taxation and social security

 

560

1,034

Accruals and deferred income

 

1,650

1,650

 

2,210

18,958

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

200

200

200

200