Company Registration No. SC336160 (Scotland)
Vaird Ltd
Unaudited accounts
for the year ended 31 December 2023
Vaird Ltd
Unaudited accounts
Contents
Vaird Ltd
Company Information
for the year ended 31 December 2023
Directors
Alexander Wishart
Arlene Wishart
Company Number
SC336160 (Scotland)
Registered Office
Gleniffer
24 Main Street
Perth
PH2 7HB
Accountants
Fraser + Accountants
3 Barossa Place
Perth
Perthshire
PH1 5HG
Vaird Ltd
Statement of financial position
as at 31 December 2023
Tangible assets
16,059
12,506
Investment property
1,087,352
952,776
Cash at bank and in hand
16,305
28,272
Creditors: amounts falling due within one year
(337,534)
(241,770)
Net current liabilities
(311,023)
(204,600)
Total assets less current liabilities
792,388
760,682
Provisions for liabilities
Other provisions
(14,022)
(14,022)
Net assets
778,366
746,660
Called up share capital
102
102
Revaluation reserve
64,030
64,030
Profit and loss account
714,234
682,528
Shareholders' funds
778,366
746,660
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.
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 8 July 2024 and were signed on its behalf by
Arlene Wishart
Director
Company Registration No. SC336160
Vaird Ltd
Notes to the Accounts
for the year ended 31 December 2023
Vaird Ltd is a private company, limited by shares, registered in Scotland, registration number SC336160. The registered office is Gleniffer, 24 Main Street, Perth, PH2 7HB.
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
20% Reducing balance
Motor vehicles
25% Reducing balance
Computer equipment
25% Straightline
Vaird Ltd
Notes to the Accounts
for the year ended 31 December 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2023
11,270
26,446
6,431
44,147
Additions
6,620
-
2,081
8,701
At 31 December 2023
17,890
26,446
8,512
52,848
At 1 January 2023
5,354
21,711
4,576
31,641
Charge for the year
2,507
1,184
1,457
5,148
At 31 December 2023
7,861
22,895
6,033
36,789
At 31 December 2023
10,029
3,551
2,479
16,059
At 31 December 2022
5,916
4,735
1,855
12,506
Fair value at 1 January 2023
952,776
At 31 December 2023
1,087,352
Amounts falling due within one year
Accrued income and prepayments
1,204
909
7
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
7,150
8,852
Other creditors
13,930
11,495
Loans from directors
311,394
219,394
8
Average number of employees
During the year the average number of employees was 1 (2022: 0).