Company registration number SC333731 (Scotland)
ALEXANDER BRAIDWOOD AND SONS (BLANTYRE) LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023
PAGES FOR FILING WITH REGISTRAR
ALEXANDER BRAIDWOOD AND SONS (BLANTYRE) LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
ALEXANDER BRAIDWOOD AND SONS (BLANTYRE) LTD
BALANCE SHEET
AS AT
31 OCTOBER 2023
31 October 2023
- 1 -
2023
2022
Notes
£
£
£
£
Current assets
Debtors
4
12,254
2,574
Cash at bank and in hand
150,185
5,860
162,439
8,434
Creditors: amounts falling due within one year
5
(119,450)
(51,520)
Net current assets/(liabilities)
42,989
(43,086)
Capital and reserves
Called up share capital
2,000
2,000
Profit and loss reserves
40,989
(45,086)
Total equity
42,989
(43,086)

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 31 July 2024 and are signed on its behalf by:
MR A B BRAIDWOOD
Mr A B Braidwood
Director
Company Registration No. SC333731
ALEXANDER BRAIDWOOD AND SONS (BLANTYRE) LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023
- 2 -
1
Accounting policies
Company information

Alexander Braidwood and Sons (Blantyre) Ltd is a private company limited by shares incorporated in Scotland. The registered office is 1 Rosendale Way, Blantyre, Glasgow, G72 ONJ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold land and buildings
10% reducing balance
1.4
Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors. These are measured at amortised cost and are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.

 

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
3
3
ALEXANDER BRAIDWOOD AND SONS (BLANTYRE) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2023
- 3 -
3
Tangible fixed assets
Land and buildings
£
Cost
At 1 November 2022 and 31 October 2023
3,868
Depreciation and impairment
At 1 November 2022 and 31 October 2023
3,868
Carrying amount
At 31 October 2023
-
0
At 31 October 2022
-
0
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Corporation tax recoverable
-
0
2,574
Other debtors
12,254
-
0
12,254
2,574
5
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
1,276
-
0
Taxation and social security
20,707
26,540
Other creditors
97,467
24,980
119,450
51,520
6
Directors' transactions

At the reporting date the amount owed to the company by one of the directors was £12,254 (2022: £Nil).

 

The director's loans are unsecured, interest free and repayable on demand.

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