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Company registration number: SC486050
Network Distribution Scotlandwell Ltd
Unaudited filleted financial statements
30 November 2023
Network Distribution Scotlandwell Ltd
Contents
Directors and other information
Accountants report
Statement of financial position and notes to the financial statements
Network Distribution Scotlandwell Ltd
Directors and other information
Directors Ian Dixon
Gladys Dixon
Daniel Dixon
Company number SC486050
Registered office Bankfoot Steading
Leslie Road
Scotlandwell
KY13 9JE
Accountants Paterson Boyd & Co
Chartered Certified Accountants
18 North Street
Glenrothes
Fife
KY7 5NA
Bankers Bank of Scotland
9 Falkland Gate
Kingdom Shopping Centre
Glenrothes
KY7 5LW
Network Distribution Scotlandwell Ltd
Report to the board of directors on the preparation of the
unaudited statutory financial statements of Network Distribution Scotlandwell Ltd
Year ended 30 November 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Network Distribution Scotlandwell Ltd for the year ended 30 November 2023 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of ICAS , we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.
This report is made solely to the board of directors of Network Distribution Scotlandwell Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Network Distribution Scotlandwell Ltd and state those matters that we have agreed to state to the board of directors of Network Distribution Scotlandwell Ltd as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Network Distribution Scotlandwell Ltd and its board of directors as a body for our work or for this report.
It is your duty to ensure that Network Distribution Scotlandwell Ltd 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 loss of Network Distribution Scotlandwell Ltd. You consider that Network Distribution Scotlandwell Ltd 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 Network Distribution Scotlandwell Ltd. 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.
Paterson Boyd & Co
Chartered Certified Accountants
18 North Street
Glenrothes
Fife
KY7 5NA
19 August 2024
Network Distribution Scotlandwell Ltd
Statement of financial position
30 November 2023
2023 2022
£ £
Fixed assets 20,165 15,819
_______ _______
Current assets 19,856 19,116
Creditors: amounts falling due within one year ( 191,060) ( 140,049)
_______ _______
Net current liabilities ( 171,204) ( 120,933)
_______ _______
Total assets less current liabilities ( 151,039) ( 105,114)
Creditors: amounts falling due after more than one year - ( 1,667)
Accruals and deferred income ( 1,157) ( 1,068)
_______ _______
Net liabilities ( 152,196) ( 107,849)
_______ _______
Capital and reserves ( 152,196) ( 107,849)
_______ _______
Notes to the financial statements
Network Distribution Scotlandwell Ltd
Year ended 30 November 2023
1. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2022: 2 ).
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 19 August 2024 , and are signed on behalf of the board by:
Ian Dixon
Director
Company registration number: SC486050
The company is a private company limited by shares, registered in Scotland.