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REGISTERED NUMBER: SC332222 (Scotland)







Unaudited Financial Statements

For The Year Ended 31st October 2023

for

R Allison Limited

R Allison Limited (Registered number: SC332222)






Contents of the Financial Statements
For The Year Ended 31st October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 8

R Allison Limited

Company Information
For The Year Ended 31st October 2023







DIRECTORS: R Allison
Mrs D Allison





SECRETARY: Mrs D Allison





REGISTERED OFFICE: 8 Douglas Street
Hamilton
Lanarkshire
ML3 0BP





REGISTERED NUMBER: SC332222 (Scotland)





ACCOUNTANTS: J S Mackie & Co Ltd
8 Douglas Street
Hamilton
Lanarkshire
ML3 0BP

R Allison Limited (Registered number: SC332222)

Balance Sheet
31st October 2023

2023 2022
Notes £ £
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 163,196 117,158
163,196 117,158

CURRENT ASSETS
Stocks 234,271 194,753
Debtors 6 461,763 334,106
Cash at bank 28,625 3,073
724,659 531,932
CREDITORS
Amounts falling due within one year 7 (400,555 ) (274,374 )
NET CURRENT ASSETS 324,104 257,558
TOTAL ASSETS LESS CURRENT
LIABILITIES

487,300

374,716

CREDITORS
Amounts falling due after more than one year 8 (61,921 ) (64,000 )

PROVISIONS FOR LIABILITIES (22,573 ) (15,922 )
NET ASSETS 402,806 294,794

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 402,706 294,694
SHAREHOLDERS' FUNDS 402,806 294,794

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

R Allison Limited (Registered number: SC332222)

Balance Sheet - continued
31st October 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30th July 2024 and were signed on its behalf by:





R Allison - Director


R Allison Limited (Registered number: SC332222)

Notes to the Financial Statements
For The Year Ended 31st October 2023

1. STATUTORY INFORMATION

R Allison Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 20% on reducing balance and 15% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


R Allison Limited (Registered number: SC332222)

Notes to the Financial Statements - continued
For The Year Ended 31st October 2023

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£ £ £
COST
At 1st November 2022
and 31st October 2023 30,000 9,110 39,110
AMORTISATION
At 1st November 2022
and 31st October 2023 30,000 9,110 39,110
NET BOOK VALUE
At 31st October 2023 - - -
At 31st October 2022 - - -

R Allison Limited (Registered number: SC332222)

Notes to the Financial Statements - continued
For The Year Ended 31st October 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1st November 2022 187,179
Additions 77,060
At 31st October 2023 264,239
DEPRECIATION
At 1st November 2022 70,021
Charge for year 31,022
At 31st October 2023 101,043
NET BOOK VALUE
At 31st October 2023 163,196
At 31st October 2022 117,158

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£
COST
At 1st November 2022 100,611
Additions 62,080
At 31st October 2023 162,691
DEPRECIATION
At 1st November 2022 27,249
Charge for year 18,152
At 31st October 2023 45,401
NET BOOK VALUE
At 31st October 2023 117,290
At 31st October 2022 73,362

R Allison Limited (Registered number: SC332222)

Notes to the Financial Statements - continued
For The Year Ended 31st October 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 454,068 334,106
Other debtors 7,695 -
461,763 334,106

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 14,163 14,163
Hire purchase contracts 38,362 12,399
Trade creditors 198,262 158,023
Taxation and social security 135,424 77,006
Other creditors 14,344 12,783
400,555 274,374

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£ £
Bank loans 19,088 31,769
Hire purchase contracts 42,833 32,231
61,921 64,000

R Allison Limited

Report of the Accountants to the Directors of
R Allison Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31st October 2023 set out on pages three to ten and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






J S Mackie & Co Ltd
8 Douglas Street
Hamilton
Lanarkshire
ML3 0BP


30th July 2024