Registered Number
(England and Wales)
Unaudited Financial Statements for the Year ended
31 January 2024
Director |
Registered Address | |
Place of Business | Straits |
Broughton | |
Westray | |
Orkney | |
KW17 2DA |
Registered Number |
Notes | 2024 | 2023 | ||||||
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£ | £ | £ | £ | |||||
Fixed assets | ||||||||
Tangible assets | 4 | |||||||
Current assets | ||||||||
Debtors | 6 | |||||||
Cash at bank and on hand | ||||||||
Creditors amounts falling due within one year | 7 | ( | ( | |||||
Net current assets (liabilities) | ||||||||
Total assets less current liabilities | ||||||||
Provisions for liabilities | 8 | ( | ( | |||||
Net assets | ||||||||
Capital and reserves | ||||||||
Called up share capital | ||||||||
Profit and loss account | ||||||||
Shareholders' funds |
The financial statements were approved and authorised for issue by the Director on 5 April 2024, and are signed on its behalf by: |
Director Registered Company No. 11784893 |
1. | Accounting policies |
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Statutory information | |
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Statement of compliance | |
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Basis of preparation | |
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Functional and presentation currency | |
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Judgements and key sources of estimation uncertainty | |
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Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. There are no key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year. |
Revenue from sale of goods | |
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Employee benefits | |
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Current taxation | |
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Deferred tax | |
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Tangible fixed assets and depreciation | |
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Finance leases and hire purchase contracts | |
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Trade and other debtors | |
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Cash and cash equivalents | |
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Trade and other creditors | |
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Financial instruments | |
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2. | Average number of employees |
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2024 | 2023 | |||
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Average number of employees during the year |
3. | Deferred tax |
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Increases in the UK Corporation tax rate from 19% to 25% (19% effective from 1 April 2017, and 25% effective from 1 April 2023) have been substantively enacted. This will impact the company's future tax charge accordingly. The value of the deferred tax assets at the balance sheet date has been calculated using the applicable rate when the asset is expected to be realised. |
4. | Tangible fixed assets |
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Land & buildings | Vehicles | Office Equipment | Total | |||||
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£ | £ | £ | £ | |||||
Cost or valuation | ||||||||
At 01 February 23 | ||||||||
Additions | ||||||||
At 31 January 24 | ||||||||
Depreciation and impairment | ||||||||
At 01 February 23 | ||||||||
Charge for year | ||||||||
At 31 January 24 | ||||||||
Net book value | ||||||||
At 31 January 24 | ||||||||
At 31 January 23 |
5. | Impairment of tangible fixed assets |
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6. | Debtors: amounts due within one year |
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2024 | 2023 | |||
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£ | £ | |||
Trade debtors / trade receivables | ||||
Other debtors | ||||
Total |
7. | Creditors: amounts due within one year |
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2024 | 2023 | |||
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£ | £ | |||
Taxation and social security | ||||
Finance lease and HP contracts | ||||
Other creditors | ||||
Accrued liabilities and deferred income | ||||
Total |
8. | Provisions for liabilities |
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2024 | 2023 | |||
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£ | £ | |||
Net deferred tax liability (asset) | ||||
Total |
9. | Directors advances, credits and guarantees |
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