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Company Registration No. SC711140 (Scotland)
The Arran Collective Ltd Unaudited accounts for the year ended 31 October 2023
The Arran Collective Ltd Unaudited accounts Contents
Page
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The Arran Collective Ltd Company Information for the year ended 31 October 2023
Directors
Michael John Dixon Stuart Mcpherson James Alexander Mercer
Company Number
SC711140 (Scotland)
Registered Office
4 HENDRY PLACE BRODICK ISLE OF ARRAN KA27 8GG SCOTLAND
Accountants
Arran Accountancy Limited Alexanders Brodick Isle of Arran KA27 8HF
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The Arran Collective Ltd Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,872 
5,737 
Current assets
Debtors
5,516 
63,827 
Cash at bank and in hand
39,146 
17,442 
44,662 
81,269 
Creditors: amounts falling due within one year
(49,186)
(37,347)
Net current (liabilities)/assets
(4,524)
43,922 
Total assets less current liabilities
1,348 
49,659 
Provisions for liabilities
Deferred tax
(1,116)
(1,090)
Net assets
232 
48,569 
Capital and reserves
Called up share capital
3 
3 
Profit and loss account
229 
48,566 
Shareholders' funds
232 
48,569 
For the year ending 31 October 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 18 April 2024 and were signed on its behalf by
Michael John Dixon Director Company Registration No. SC711140
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The Arran Collective Ltd Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
The Arran Collective Ltd is a private company, limited by shares, registered in Scotland, registration number SC711140. The registered office is 4 HENDRY PLACE, BRODICK, ISLE OF ARRAN, KA27 8GG, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Plant & machinery
25% Reducing balance
Fixtures & fittings
25% Reducing balance
Computer equipment
20% Straight line
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Current year tax
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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The Arran Collective Ltd Notes to the Accounts for the year ended 31 October 2023
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 November 2022
6,059 
492 
- 
6,551 
Additions
950 
- 
682 
1,632 
At 31 October 2023
7,009 
492 
682 
8,183 
Depreciation
At 1 November 2022
752 
62 
- 
814 
Charge for the year
1,358 
107 
32 
1,497 
At 31 October 2023
2,110 
169 
32 
2,311 
Net book value
At 31 October 2023
4,899 
323 
650 
5,872 
At 31 October 2022
5,307 
430 
- 
5,737 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
116 
- 
Other debtors
5,250 
63,827 
5,366 
63,827 
Amounts falling due after more than one year
Other debtors
150 
- 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
15,426 
12,031 
Trade creditors
16,279 
4,619 
Taxes and social security
16,445 
19,413 
Other creditors
56 
- 
Accruals
980 
1,284 
49,186 
37,347 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
3 Ordinary shares of £1 each
3 
3 
8
Average number of employees
During the year the average number of employees was 8 (2022: 2).
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