Company Registration No. SC644567 (Scotland)
Duncan McLaren Locksmiths Ltd.
Unaudited accounts
for the year ended 31 October 2023
Duncan McLaren Locksmiths Ltd.
Unaudited accounts
Contents
Duncan McLaren Locksmiths Ltd.
Company Information
for the year ended 31 October 2023
Company Number
SC644567 (Scotland)
Registered Office
29-31 BREAD STREET
EDINBURGH
EH3 9AL
SCOTLAND
Duncan McLaren Locksmiths Ltd.
Statement of financial position
as at 31 October 2023
Intangible assets
14,190
16,555
Tangible assets
10,792
14,390
Cash at bank and in hand
5,348
14,090
Creditors: amounts falling due within one year
(48,960)
(48,914)
Net current liabilities
(32,671)
(23,436)
Total assets less current liabilities
(7,689)
7,509
Creditors: amounts falling due after more than one year
(10,751)
(19,753)
Net liabilities
(18,440)
(12,244)
Called up share capital
1,000
1,000
Profit and loss account
(19,440)
(13,244)
Shareholders' funds
(18,440)
(12,244)
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 director acknowledges her 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 and authorised for issue on 17 July 2024 and were signed on its behalf by
Melanie McSherry
Director
Company Registration No. SC644567
Duncan McLaren Locksmiths Ltd.
Notes to the Accounts
for the year ended 31 October 2023
Duncan McLaren Locksmiths Ltd. is a private company, limited by shares, registered in Scotland, registration number SC644567. The registered office is 29-31 BREAD STREET, EDINBURGH, EH3 9AL, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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
Motor vehicles
25% Reducing balance
4
Intangible fixed assets
Goodwill
Duncan McLaren Locksmiths Ltd.
Notes to the Accounts
for the year ended 31 October 2023
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 November 2022
19,000
15,111
34,111
At 31 October 2023
19,000
15,111
34,111
At 1 November 2022
10,985
8,736
19,721
Charge for the year
2,004
1,594
3,598
At 31 October 2023
12,989
10,330
23,319
At 31 October 2023
6,011
4,781
10,792
At 31 October 2022
8,015
6,375
14,390
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
6,000
6,000
Obligations under finance leases and hire purchase contracts
3,002
3,002
Taxes and social security
1,687
1,021
Loans from directors
37,000
38,626
8
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
1,251
4,253
9
Average number of employees
During the year the average number of employees was 4 (2022: 5).