IRIS Accounts Production v24.1.9.2 SC692184 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC6921842023-03-31SC6921842024-03-31SC6921842023-04-012024-03-31SC6921842022-03-31SC6921842022-04-012023-03-31SC6921842023-03-31SC692184ns15:Scotland2023-04-012024-03-31SC692184ns14:PoundSterling2023-04-012024-03-31SC692184ns10:Director12023-04-012024-03-31SC692184ns10:PrivateLimitedCompanyLtd2023-04-012024-03-31SC692184ns10:SmallEntities2023-04-012024-03-31SC692184ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-31SC692184ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-31SC692184ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-31SC692184ns10:FullAccounts2023-04-012024-03-31SC692184ns10:Director22023-04-012024-03-31SC692184ns10:RegisteredOffice2023-04-012024-03-31SC692184ns5:CurrentFinancialInstruments2024-03-31SC692184ns5:CurrentFinancialInstruments2023-03-31SC692184ns5:ShareCapital2024-03-31SC692184ns5:ShareCapital2023-03-31SC692184ns5:RetainedEarningsAccumulatedLosses2024-03-31SC692184ns5:RetainedEarningsAccumulatedLosses2023-03-31SC692184ns5:PlantMachinery2023-04-012024-03-31SC692184ns5:PlantMachinery2023-03-31SC692184ns5:PlantMachinery2024-03-31SC692184ns5:PlantMachinery2023-03-31
REGISTERED NUMBER: SC692184 (Scotland)














Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Acton Lang Ltd

Acton Lang Ltd (Registered number: SC692184)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Acton Lang Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: O I Iqbal
Mrs S I Iqbal





REGISTERED OFFICE: 112 Haggs Road
Glasgow
G41 4AT





REGISTERED NUMBER: SC692184 (Scotland)





ACCOUNTANTS: Dental Accountants Scotland Ltd
Specialist Dental Accountants & Advisors
Cornerstone House
Station Road
Selkirk
Borders
TD7 5DJ

Acton Lang Ltd (Registered number: SC692184)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 433 670
Investment property 5 333,516 236,416
333,949 237,086

CURRENT ASSETS
Cash at bank 56,469 5,215

CREDITORS
Amounts falling due within one year 6 385,141 250,773
NET CURRENT LIABILITIES (328,672 ) (245,558 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,277

(8,472

)

CAPITAL AND RESERVES
Called up share capital 18 18
Retained earnings 5,259 (8,490 )
5,277 (8,472 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 2 August 2024 and were signed on its behalf by:





O I Iqbal - Director


Acton Lang Ltd (Registered number: SC692184)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Acton Lang Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 20% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Acton Lang Ltd (Registered number: SC692184)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 864
DEPRECIATION
At 1 April 2023 194
Charge for year 237
At 31 March 2024 431
NET BOOK VALUE
At 31 March 2024 433
At 31 March 2023 670

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 236,416
Additions 97,100
At 31 March 2024 333,516
NET BOOK VALUE
At 31 March 2024 333,516
At 31 March 2023 236,416

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 2,500 -
Amounts owed to group undertakings 315,000 185,000
Taxation and social security 1,554 -
Other creditors 66,087 65,773
385,141 250,773

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end the company was due the directors £66,086. There are no specific repayment terms and no interest has been charged.