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REGISTERED NUMBER: SC493324 (Scotland)















Brian and Lesley Minty Limited

Financial Statements For The Year Ended 31 December 2023






Brian and Lesley Minty Limited (Registered number: SC493324)






Contents of the Financial Statements
For The Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

Brian and Lesley Minty Limited

Company Information
For The Year Ended 31 December 2023







DIRECTORS: B J Minty
Mrs L M Minty





REGISTERED OFFICE: Park House Centre
South Street
Elgin
Moray
IV30 1JB





REGISTERED NUMBER: SC493324 (Scotland)





ACCOUNTANTS: The Long Partnership
Park House Centre
South Street
Elgin
IV30 1JB

Brian and Lesley Minty Limited (Registered number: SC493324)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 8,867 10,772
8,867 10,772

CURRENT ASSETS
Stocks 300 480
Debtors 6 43,757 39,883
Cash at bank and in hand 39,093 23,302
83,150 63,665
CREDITORS
Amounts falling due within one year 7 71,544 47,936
NET CURRENT ASSETS 11,606 15,729
TOTAL ASSETS LESS CURRENT
LIABILITIES

20,473

26,501

CREDITORS
Amounts falling due after more than one
year

8

(14,219

)

(24,261

)

PROVISIONS FOR LIABILITIES 9 (1,945 ) (2,047 )
NET ASSETS 4,309 193

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 4,209 93
SHAREHOLDERS' FUNDS 4,309 193

Brian and Lesley Minty Limited (Registered number: SC493324)

Balance Sheet - continued
31 December 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 12 July 2024 and were signed on its behalf by:




B J Minty - Director



Mrs L M Minty - Director


Brian and Lesley Minty Limited (Registered number: SC493324)

Notes to the Financial Statements
For The Year Ended 31 December 2023

1. STATUTORY INFORMATION

Brian and Lesley Minty 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 is the amount paid in acquisition of a business in 2015. After initially being amortised evenly over its initial estimated useful life of twenty years, the remainder is now being amortised evenly over its remaining estimated useful life of five 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 20% on reducing balance

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

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.

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.

Brian and Lesley Minty Limited (Registered number: SC493324)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2022 - 17 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 20,000
AMORTISATION
At 1 January 2023
and 31 December 2023 20,000
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Equipment
£   
COST
At 1 January 2023 20,989
Additions 300
At 31 December 2023 21,289
DEPRECIATION
At 1 January 2023 10,217
Charge for year 2,205
At 31 December 2023 12,422
NET BOOK VALUE
At 31 December 2023 8,867
At 31 December 2022 10,772

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 43,757 39,883

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 13,784 9,054
Taxation and social security 36,118 26,882
Other creditors 11,642 2,000
71,544 47,936

Brian and Lesley Minty Limited (Registered number: SC493324)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 14,219 24,261

9. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax 1,945 2,047

Deferred
tax
£   
Balance at 1 January 2023 2,047
Provided during year (102 )
Balance at 31 December 2023 1,945

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Ordinary £1 100 100

11. RESERVES
Retained
earnings
£   

At 1 January 2023 93
Profit for the year 79,116
Dividends (75,000 )
At 31 December 2023 4,209

12. RELATED PARTY DISCLOSURES

During the year, total dividends of £75,000 (2022 - £44,050) were paid to the directors .

Brian and Lesley Minty

are directors and shareholders in the company


Included in other debtors is a interest free directors loan. There are no repayment terms.

31.12.23 31.12.22
£    £   
Amount due from related party at the balance sheet date 31,636 30,174

Brian and Lesley Minty Limited (Registered number: SC493324)

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

13. ULTIMATE CONTROLLING PARTY

The company is under the joint control of Brian and Lesley Minty during the year.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Brian and Lesley Minty 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.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Brian and Lesley Minty Limited for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Brian and Lesley Minty Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Brian and Lesley Minty Limited and state those matters that we have agreed to state to the Board of Directors of Brian and Lesley Minty Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Brian and Lesley Minty Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Brian and Lesley Minty Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Brian and Lesley Minty Limited. You consider that Brian and Lesley Minty Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Brian and Lesley Minty Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






The Long Partnership
Park House Centre
South Street
Elgin
IV30 1JB


12 July 2024