1 December 2023 false No description of principal activity Taxfiler 2024.5 SC253017business:PrivateLimitedCompanyLtd2023-12-012024-07-31 SC2530172023-11-30 SC2530172023-12-012024-07-31 SC253017business:AuditExemptWithAccountantsReport2023-12-012024-07-31 SC253017business:FilletedAccounts2023-12-012024-07-31 SC2530172024-07-31 SC2530172023-11-30 SC253017core:WithinOneYear2024-07-31 SC253017core:WithinOneYear2023-11-30 SC253017core:AfterOneYear2024-07-31 SC253017core:AfterOneYear2023-11-30 SC253017core:ShareCapitalcore:PreviouslyStatedAmount2024-07-31 SC253017core:ShareCapitalcore:PreviouslyStatedAmount2023-11-30 SC253017core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-07-31 SC253017core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-11-30 SC253017core:PreviouslyStatedAmount2024-07-31 SC253017core:PreviouslyStatedAmount2023-11-30 SC253017business:SmallEntities2023-12-012024-07-31 SC253017business:Director12023-12-012024-07-31 SC253017countries:Scotland2023-12-012024-07-31 SC253017business:RegisteredOffice2023-12-012024-07-31 SC253017core:PlantMachinery2023-12-012024-07-31 SC253017core:FurnitureFittings2023-12-012024-07-31 SC253017core:Goodwill2023-11-30 SC253017core:Goodwill2023-12-012024-07-31 SC253017core:Goodwill2024-07-31 SC253017core:PlantMachinery2023-11-30 SC253017core:FurnitureFittings2023-11-30 SC253017core:PlantMachinery2024-07-31 SC253017core:FurnitureFittings2024-07-31 SC253017business:OrdinaryShareClass12023-12-012024-07-31 SC253017business:OrdinaryShareClass12022-12-012023-11-30 SC2530172022-12-012023-11-30 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. SC253017 (Scotland)
Siddique & Sons Ltd. Unaudited accounts for the period from 1 December 2023 to 31 July 2024
Siddique & Sons Ltd. Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
- 
27,142 
Tangible assets
- 
518 
- 
27,660 
Current assets
Inventories
- 
7,386 
Cash at bank and in hand
1,484 
790 
1,484 
8,176 
Creditors: amounts falling due within one year
(13,598)
(22,948)
Net current liabilities
(12,114)
(14,772)
Total assets less current liabilities
(12,114)
12,888 
Creditors: amounts falling due after more than one year
(21,900)
(21,901)
Net liabilities
(34,014)
(9,013)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(34,114)
(9,113)
Shareholders' funds
(34,014)
(9,013)
For the period ending 31 July 2024 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 24 April 2024 and were signed on its behalf by
Shazhad Siddique Director Company Registration No. SC253017
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Siddique & Sons Ltd. Notes to the Accounts for the period from 1 December 2023 to 31 July 2024
1
Statutory information
Siddique & Sons Ltd. is a private company, limited by shares, registered in Scotland, registration number SC253017. The registered office is 40 Stirling Road, Fallin, Stirlingshire, FK7 7JL.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% reducing balance
Fixtures & fittings
15% reducing balance
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 December 2023
27,142 
Disposals
(27,142)
At 31 July 2024
- 
Amortisation
At 1 December 2023
- 
At 31 July 2024
- 
Net book value
At 31 July 2024
- 
At 30 November 2023
27,142 
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Siddique & Sons Ltd. Notes to the Accounts for the period from 1 December 2023 to 31 July 2024
5
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 December 2023
787 
4,125 
4,912 
Disposals
(787)
(4,125)
(4,912)
At 31 July 2024
- 
- 
- 
Depreciation
At 1 December 2023
605 
3,789 
4,394 
On disposals
(605)
(3,789)
(4,394)
At 31 July 2024
- 
- 
- 
Net book value
At 31 July 2024
- 
- 
- 
At 30 November 2023
182 
336 
518 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
- 
5,619 
Taxes and social security
3,095 
4,218 
Other creditors
1,000 
2,281 
Loans from directors
9,503 
10,830 
13,598 
22,948 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
21,900 
21,901 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the period the average number of employees was 4 (2023: 4).
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