Company Registration No. SC308437 (Scotland)
FRANK SWORDS & SONS LIMITED
Unaudited accounts
for the year ended 31 December 2023
FRANK SWORDS & SONS LIMITED
Unaudited accounts
Contents
FRANK SWORDS & SONS LIMITED
Company Information
for the year ended 31 December 2023
Directors
FRANK SWORDS
DIANE SWORDS
FRANK SWORDS
DIANE SWORDS
Company Number
SC308437 (Scotland)
Registered Office
STABLESTONE SCHOOLHOUSE
GLESPIN
DOUGLAS
SOUTH LANARKSHIRE
ML11 0SF
United Kingdom
Accountants
DAVID ALEXANDER ROSEWEIR
24 Rickard Avenue
STRATHAVEN
UK
ML10 6GW
FRANK SWORDS & SONS LIMITED
Statement of financial position
as at 31 December 2023
Called up share capital not paid
(2)
(2)
Tangible assets
158,727
104,299
Cash at bank and in hand
94,205
187,259
Creditors: amounts falling due within one year
(77,582)
(122,616)
Net current assets
17,466
88,716
Total assets less current liabilities
176,191
193,013
Creditors: amounts falling due after more than one year
(24,970)
(26,038)
Provisions for liabilities
Other provisions
(30,073)
(19,817)
Net assets
121,148
147,158
Profit and loss account
121,148
147,158
Shareholders' funds
121,148
147,158
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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 of Directors and authorised for issue on 26 February 2024 and were signed on its behalf by
FRANK SWORDS
Director
Company Registration No. SC308437
FRANK SWORDS & SONS LIMITED
Notes to the Accounts
for the year ended 31 December 2023
FRANK SWORDS & SONS LIMITED is a private company, limited by shares, registered in Scotland, registration number SC308437. The registered office is STABLESTONE SCHOOLHOUSE, GLESPIN, DOUGLAS, SOUTH LANARKSHIRE, ML11 0SF, United Kingdom.
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 as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
25% reducing balance
Motor vehicles
25% reducing balance
4
Tangible fixed assets
Total
At 31 December 2023
268,544
Charge for the year
45,041
At 31 December 2023
109,817
At 31 December 2023
158,727
At 31 December 2022
104,299
FRANK SWORDS & SONS LIMITED
Notes to the Accounts
for the year ended 31 December 2023
5
Provisions for liabilities
£
Additional provisions made during the period
10,256
At 31 December 2023
30,073
6
Average number of employees
During the year the average number of employees was 5 (2022: 5).