REGISTERED NUMBER: |
ACCIDENT SOLUTIONS SCOTLAND LIMITED |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
REGISTERED NUMBER: |
ACCIDENT SOLUTIONS SCOTLAND LIMITED |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
ACCIDENT SOLUTIONS SCOTLAND LIMITED (REGISTERED NUMBER: SC498561) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Chartered Certified Accountants' Report | 5 |
ACCIDENT SOLUTIONS SCOTLAND LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
1875 Great Western Road |
Glasgow |
G13 2YD |
ACCIDENT SOLUTIONS SCOTLAND LIMITED (REGISTERED NUMBER: SC498561) |
BALANCE SHEET |
31 DECEMBER 2023 |
2023 | 2022 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 4 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 6 |
Retained earnings |
SHAREHOLDERS' FUNDS |
The director acknowledges his 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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
ACCIDENT SOLUTIONS SCOTLAND LIMITED (REGISTERED NUMBER: SC498561) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
1. | STATUTORY INFORMATION |
Accident Solutions Scotland Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements have been prepared on the basis that the company is a going concern. |
Turnover |
Turnover represents the net sales value of goods and services supplied during the period, excluding value added tax. |
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. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade debtors |
Other debtors |
ACCIDENT SOLUTIONS SCOTLAND LIMITED (REGISTERED NUMBER: SC498561) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Corporation tax |
Social security and other taxes |
VAT |
Other creditors |
Accrued charges |
6. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2023 | 2022 |
value: | £ | £ |
Ordinary | £1 | 1,000 | 1,000 |
7. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022: |
2023 | 2022 |
£ | £ |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
The above loan is unsecured, interest free and has no fixed terms of repayment. |
8. | RELATED PARTY DISCLOSURES |
During the year the company charged 4x4 Hire (Scotland) Limited a management charge of £36,400 (2022 - £35,707) for use of staff, this amount is shown within sales. At the balance sheet date the company was owed aggregate loans from 4x4 Hire (Scotland) Limited of £62,000 (2022 - £24,000), this balance is disclosed within other debtors. 4x4 Hire (Scotland) Limited is a company under the control of the director E M Buchan. |
During the year the company paid £3,600 to Buchans for Towbars and Repairs Ltd for book-keeping services. During the year the company advanced aggregated loans of £5,000 to Buchans for Towbars and Repairs Ltd. The balance of £103,933 (2022 - £98,933) due from Buchans for Towbars and Repairs Ltd outstanding at the balance sheet date is disclosed within other debtors. Buchans for Towbars and Repairs Ltd is a company under the control of the director E M Buchan. |
During the year the company received aggregate loan repayments of £22,250 (2022 - £nil) to JBR Estates (Scotland) Limited. The balance outstanding at the balance sheet date of £37,750 (2022 - £60,000) is disclosed as other debtors within the financial statements. JBR Estates (Scotland) Limited is a company under the control of the director E M Buchan. |
During the year the company received aggregated loans of £5,000 from Buchans for Towbars Ltd. The balance of £5,000 (2022 - £nil) due to Buchans for Towbars Ltd outstanding at the balance sheet date is disclosed within other creditors. Buchans for Towbars Ltd is a company under the control of the director E M Buchan. |
The company operates from premises which are owned by JBR Estates (Scotland) Limited. Rent of £2,400 was charged for the year. |
These loans noted above are unsecured, interest free and have no fixed terms of repayment. |
CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
ACCIDENT SOLUTIONS SCOTLAND LIMITED |
The following reproduces the text of the report prepared for the director 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 Director 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 Accident Solutions Scotland 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook. |
This report is made solely to the director of Accident Solutions Scotland Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Accident Solutions Scotland Limited and state those matters that we have agreed to state to the director of Accident Solutions Scotland Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report. |
It is your duty to ensure that Accident Solutions Scotland 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 Accident Solutions Scotland Limited. You consider that Accident Solutions Scotland 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 Accident Solutions Scotland 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. |
Chartered Certified Accountants |
1875 Great Western Road |
Glasgow |
G13 2YD |