Andy Malcolm Limited SC387685 false 2022-11-01 2023-10-31 2023-10-31 The principal activity of the company is The principal activity of the company during the year was health and safety consultancy. Digita Accounts Production Advanced 6.30.9574.0 true true SC387685 2022-11-01 2023-10-31 SC387685 2023-10-31 SC387685 core:RetainedEarningsAccumulatedLosses 2023-10-31 SC387685 core:ShareCapital 2023-10-31 SC387685 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 SC387685 core:FurnitureFittingsToolsEquipment 2023-10-31 SC387685 bus:SmallEntities 2022-11-01 2023-10-31 SC387685 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 SC387685 bus:FilletedAccounts 2022-11-01 2023-10-31 SC387685 bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 SC387685 bus:RegisteredOffice 2022-11-01 2023-10-31 SC387685 bus:Director1 2022-11-01 2023-10-31 SC387685 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 SC387685 core:FurnitureFittingsToolsEquipment 2022-11-01 2023-10-31 SC387685 core:ToolsEquipment 2022-11-01 2023-10-31 SC387685 countries:Scotland 2022-11-01 2023-10-31 SC387685 2022-10-31 SC387685 core:FurnitureFittingsToolsEquipment 2022-10-31 SC387685 2021-11-01 2022-10-31 SC387685 2022-10-31 SC387685 core:RetainedEarningsAccumulatedLosses 2022-10-31 SC387685 core:ShareCapital 2022-10-31 SC387685 core:CurrentFinancialInstruments core:WithinOneYear 2022-10-31 SC387685 core:FurnitureFittingsToolsEquipment 2022-10-31 iso4217:GBP xbrli:pure

Registration number: SC387685

Andy Malcolm Limited

Unaudited Financial Statements

for the Year Ended 31 October 2023
 

 

Andy Malcolm Limited

Contents

Statement of Financial Position

1

Notes to the Financial Statements

2 to 5

 

Andy Malcolm Limited

(Registration number: SC387685)
Statement of Financial Position as at 31 October 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

1,063

419

Investment property

5

94,703

94,703

 

95,766

95,122

Current assets

 

Cash at bank and in hand

 

17,550

20,185

Creditors: Amounts falling due within one year

6

(13,013)

(17,169)

Net current assets

 

4,537

3,016

Net assets

 

100,303

98,138

Capital and reserves

 

Called up share capital

2

2

Retained earnings

100,301

98,136

Shareholders' funds

 

100,303

98,138

For the financial 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.

Directors' responsibilities:

The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 31 July 2024 and signed on its behalf by:
 

.........................................
Mr Andrew Malcolm
Director

 

Andy Malcolm Limited

Notes to the Financial Statements for the Year Ended 31 October 2023

1

General information

The Company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
42 Dalkeith Road
Dundee
DD4 7JJ
Scotland

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

 

Andy Malcolm Limited

Notes to the Financial Statements for the Year Ended 31 October 2023

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Equipment

25% Reducing Balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual agreement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
 

 

Andy Malcolm Limited

Notes to the Financial Statements for the Year Ended 31 October 2023

3

Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 2 (2022 - 2).

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 November 2022

4,803

4,803

Additions

999

999

At 31 October 2023

5,802

5,802

Depreciation

At 1 November 2022

4,384

4,384

Charge for the year

355

355

At 31 October 2023

4,739

4,739

Carrying amount

At 31 October 2023

1,063

1,063

At 31 October 2022

419

419

5

Investment properties

2023
£

At 1 November

94,703

At 31 October

94,703

There has been no valuation of investment property by an independent valuer.

 

Andy Malcolm Limited

Notes to the Financial Statements for the Year Ended 31 October 2023

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

85

-

Accruals and deferred income

2,919

1,946

Other creditors

10,009

15,223

13,013

17,169