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CARRUTHERS FINANCIAL ADVISORY LIMITED

Registered Number
SC610718
(Scotland)

Unaudited Financial Statements for the Year ended
31 October 2023

CARRUTHERS FINANCIAL ADVISORY LIMITED
Company Information
for the year from 1 November 2022 to 31 October 2023

Director

Robert James Carruthers

Registered Address

15 Craiglockhart Drive South
Edinburgh
EH14 1JA

Registered Number

SC610718 (Scotland)
CARRUTHERS FINANCIAL ADVISORY LIMITED
Balance Sheet as at
31 October 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets3117755
117755
Current assets
Debtors472,380
Cash at bank and on hand5337,214
5809,594
Creditors amounts falling due within one year5(16,034)(11,473)
Net current assets (liabilities)(15,454)(1,879)
Total assets less current liabilities(15,337)(1,124)
Provisions for liabilities(22)(143)
Net assets(15,359)(1,267)
Capital and reserves
Called up share capital1010
Profit and loss account(15,369)(1,277)
Shareholders' funds(15,359)(1,267)
The financial statements were approved and authorised for issue by the Director on 20 February 2024, and are signed on its behalf by:
Robert James Carruthers
Director
Registered Company No. SC610718
CARRUTHERS FINANCIAL ADVISORY LIMITED
Notes to the Financial Statements
for the year ended 31 October 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Going concern
The financial statements have been prepared on the going concern basis. The director finds it appropriate for the financial statements to be prepared on this basis despite the net liability position of the company. The company is reliant upon the continued support of the director who has confirmed he will not withdraw his directors loan account to the detriment of other creditors.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Employee benefits
The company operates a defined contribution pension scheme. Contributions payable to the companys pension scheme are charged to profit or loss in the period to which they relate.
Current 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.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Office Equipment3
Stocks and work in progress
Work in progress is valued at the lower of cost and net realisable value.
2.Average number of employees

20232022
Average number of employees during the year11
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 November 221,9151,915
At 31 October 231,9151,915
Depreciation and impairment
At 01 November 221,1601,160
Charge for year638638
At 31 October 231,7981,798
Net book value
At 31 October 23117117
At 31 October 22755755
4.Debtors: amounts due within one year

2023

2022

££
Other debtors472,180
Prepayments and accrued income-200
Total472,380
5.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables29950
Other creditors14,89510,621
Accrued liabilities and deferred income840802
Total16,03411,473