Company Registration No. SC551852 (Scotland)
Saltire Moodiesburn Limited
Unaudited accounts
for the year ended 31 December 2023
Saltire Moodiesburn Limited
Unaudited accounts
Contents
Saltire Moodiesburn Limited
Company Information
for the year ended 31 December 2023
Company Number
SC551852 (Scotland)
Registered Office
9 Gainburn Gardens
Cumbernauld
Glasgow
G67 4QH
Accountants
Assenti & Noble Ltd
18 Mosshead Road
Bearsden
Glasgow
G61 3HN
Saltire Moodiesburn Limited
Statement of financial position
as at 31 December 2023
Intangible assets
287,288
308,438
Tangible assets
61,624
72,151
Cash at bank and in hand
103,938
157,704
Creditors: amounts falling due within one year
(150,780)
(205,785)
Net current assets
96,032
28,082
Total assets less current liabilities
444,944
408,671
Creditors: amounts falling due after more than one year
(219,729)
(257,164)
Provisions for liabilities
Deferred tax
(11,709)
(13,709)
Net assets
213,506
137,798
Called up share capital
100
100
Profit and loss account
213,406
137,698
Shareholders' funds
213,506
137,798
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 July 2024 and were signed on its behalf by
M Sockalingam
Director
Company Registration No. SC551852
Saltire Moodiesburn Limited
Notes to the Accounts
for the year ended 31 December 2023
Saltire Moodiesburn Limited is a private company, limited by shares, registered in Scotland, registration number SC551852. The registered office is 9 Gainburn Gardens, Cumbernauld, Glasgow, G67 4QH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable for goods and services provided in the normal course of business.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% straight line
Goodwill arising on the acquisition of businesses is capitalised and written off on a straight line basis over a 20 year period. Provision is made for any impairment in value.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Saltire Moodiesburn Limited
Notes to the Accounts
for the year ended 31 December 2023
4
Intangible fixed assets
Goodwill
At 31 December 2023
423,000
Charge for the year
21,150
At 31 December 2023
135,712
At 31 December 2023
287,288
At 31 December 2022
308,438
5
Tangible fixed assets
Plant & machinery
At 31 December 2023
110,919
Charge for the year
20,746
At 31 December 2023
49,295
At 31 December 2023
61,624
At 31 December 2022
72,151
Amounts falling due within one year
Accrued income and prepayments
8,704
11,605
Other debtors
134,170
64,558
Saltire Moodiesburn Limited
Notes to the Accounts
for the year ended 31 December 2023
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
32,618
27,674
Obligations under finance leases and hire purchase contracts
19,460
19,460
Trade creditors
2,730
27,143
Taxes and social security
31,427
1,454
Other creditors
13,660
5,429
Loans from directors
50,885
124,625
8
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
167,846
185,822
Obligations under finance leases and hire purchase contracts
51,883
71,342
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).