Registered number
SC586290
Ayrshire Precision Holdings Limited
Filleted Accounts
31 March 2024
Ayrshire Precision Holdings Limited
Registered number: SC586290
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 2,950,000 2,950,000
Current assets
Cash at bank and in hand 450 2,711
Creditors: amounts falling due within one year 4 (251,338) (246,500)
Net current liabilities (250,888) (243,789)
Total assets less current liabilities 2,699,112 2,706,211
Creditors: amounts falling due after more than one year 5 (1,006,927) (1,208,933)
Net assets 1,692,185 1,497,278
Capital and reserves
Called up share capital 1 1
Profit and loss account 1,692,184 1,497,277
Shareholder's funds 1,692,185 1,497,278
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
0
Director
Approved by the board on 24 May 2024
Ayrshire Precision Holdings Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 April 2023 2,950,000
At 31 March 2024 2,950,000
4 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 27,200 15,163
Taxation and social security costs 179,990 179,990
Other creditors 44,148 51,347
251,338 246,500
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 106,978 128,994
Trade creditors 899,949 1,079,939
1,006,927 1,208,933
6 Loans 2024 2023
£ £
Creditors include:
Instalments falling due for payment after more than five years 179,990 359,980
Secured bank loans 129,276 144,157
[Give an indication of the nature and form of the security for the bank loans]
7 Related party transactions
During the year, the company received dividends of £249,861 from the subsidiary company Ayrshire Precision Engineering Limited, a company registered in Scotland (SC047348). No balance is outstanding between the two companies at either year end.
8 Controlling party
The company is owned and controlled by C Hepburn.
9 Other information
Ayrshire Precision Holdings Limited is a private company limited by shares and incorporated in Scotland. Its registered office is:
Southbank Cottage
Mossblown
Ayr
KA6 5AT
Ayrshire Precision Holdings Limited SC586290 false 2023-04-01 2024-03-31 2024-03-31 VT Final Accounts October 2023 release 2 0 No description of principal activity SC586290 2022-04-01 2023-03-31 SC586290 core:WithinOneYear 2023-03-31 SC586290 core:AfterOneYear 2023-03-31 SC586290 core:ShareCapital 2023-03-31 SC586290 core:RetainedEarningsAccumulatedLosses 2023-03-31 SC586290 2023-04-01 2024-03-31 SC586290 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 SC586290 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 SC586290 bus:Director40 2023-04-01 2024-03-31 SC586290 1 2023-04-01 2024-03-31 SC586290 2 2023-04-01 2024-03-31 SC586290 countries:England 2023-04-01 2024-03-31 SC586290 bus:FRS102 2023-04-01 2024-03-31 SC586290 bus:FullAccounts 2023-04-01 2024-03-31 SC586290 2024-03-31 SC586290 core:WithinOneYear 2024-03-31 SC586290 core:AfterOneYear 2024-03-31 SC586290 core:ShareCapital 2024-03-31 SC586290 core:RetainedEarningsAccumulatedLosses 2024-03-31 SC586290 2023-03-31 iso4217:GBP xbrli:pure