Bob Eaton Limited SC462231 false 2022-12-01 2023-11-30 2023-11-30 The principal activity of the company is The principal activity of the company during the year was Carpet fitting. Digita Accounts Production Advanced 6.30.9574.0 true true SC462231 2022-12-01 2023-11-30 SC462231 2023-11-30 SC462231 core:RetainedEarningsAccumulatedLosses 2023-11-30 SC462231 core:ShareCapital 2023-11-30 SC462231 core:CurrentFinancialInstruments 2023-11-30 SC462231 core:CurrentFinancialInstruments core:WithinOneYear 2023-11-30 SC462231 core:FurnitureFittingsToolsEquipment 2023-11-30 SC462231 core:MotorVehicles 2023-11-30 SC462231 bus:SmallEntities 2022-12-01 2023-11-30 SC462231 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 SC462231 bus:FilletedAccounts 2022-12-01 2023-11-30 SC462231 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 SC462231 bus:RegisteredOffice 2022-12-01 2023-11-30 SC462231 bus:Director2 2022-12-01 2023-11-30 SC462231 bus:OrdinaryShareClass1 2022-12-01 2023-11-30 SC462231 bus:OrdinaryShareClass2 2022-12-01 2023-11-30 SC462231 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 SC462231 core:FurnitureFittingsToolsEquipment 2022-12-01 2023-11-30 SC462231 core:MotorVehicles 2022-12-01 2023-11-30 SC462231 core:OfficeEquipment 2022-12-01 2023-11-30 SC462231 countries:Scotland 2022-12-01 2023-11-30 SC462231 2022-11-30 SC462231 core:FurnitureFittingsToolsEquipment 2022-11-30 SC462231 core:MotorVehicles 2022-11-30 SC462231 2021-12-01 2022-11-30 SC462231 2022-11-30 SC462231 core:RetainedEarningsAccumulatedLosses 2022-11-30 SC462231 core:ShareCapital 2022-11-30 SC462231 core:CurrentFinancialInstruments 2022-11-30 SC462231 core:CurrentFinancialInstruments core:WithinOneYear 2022-11-30 SC462231 core:FurnitureFittingsToolsEquipment 2022-11-30 SC462231 core:MotorVehicles 2022-11-30 SC462231 bus:OrdinaryShareClass1 2021-12-01 2022-11-30 SC462231 bus:OrdinaryShareClass2 2021-12-01 2022-11-30 iso4217:GBP xbrli:pure

Registration number: SC462231

Bob Eaton Limited

Unaudited Financial Statements

for the Year Ended 30 November 2023

 

Bob Eaton Limited

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 5

 

Bob Eaton Limited

(Registration number: SC462231)
Statement of Financial Position as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

962

1,275

Current assets

 

Debtors

5

7,024

3,537

Cash at bank and in hand

 

106,541

108,507

 

113,565

112,044

Creditors: Amounts falling due within one year

6

(37,800)

(38,065)

Net current assets

 

75,765

73,979

Net assets

 

76,727

75,254

Capital and reserves

 

Called up share capital

10

10

Retained earnings

76,717

75,244

Shareholders' funds

 

76,727

75,254

For the financial 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.

Director's 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; and

The Director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Director has not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the director on 23 August 2024
 

.........................................
Mr R Eaton
Director

 

Bob Eaton Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

1

General information

The Company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
29 Commercial Street
Dundee
Tayside
DD1 3DG
Scotland

The principal place of business is:
1 Shepherd Lane
ARBROATH
Angus
DD11 4HZ

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis.

 

Bob Eaton Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor Vehicle

25% reducing balance

Equipment

15% reducing balance

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual agreement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
 

3

Staff numbers

The average number of persons employed by the Company (including the Director) during the year, was 2 (2022 - 2).

 

Bob Eaton Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 December 2022

242

11,850

12,092

At 30 November 2023

242

11,850

12,092

Depreciation

At 1 December 2022

186

10,631

10,817

Charge for the year

8

305

313

At 30 November 2023

194

10,936

11,130

Carrying amount

At 30 November 2023

48

914

962

At 30 November 2022

56

1,219

1,275

5

Debtors

Current

2023
£

2022
£

Trade debtors

6,125

2,705

Prepayments

899

832

 

7,024

3,537

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

17,136

17,527

Taxation and social security

15,748

18,547

Accruals and deferred income

1,049

983

Other creditors

3,867

1,008

37,800

38,065

 

Bob Eaton Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

7

Dividends

Final dividends paid

2023
£

2022
£

Final dividend of £4,188.89 per each Ordinary A

37,700

37,700

Final dividend of £1,000.00 (2022 - £2,000.00) per each Ordinary B

1,000

2,000

38,700

39,700