IRIS Accounts Production v24.1.9.2 SC251410 director 1.9.22 31.8.23 31.8.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC2514102022-08-31SC2514102023-08-31SC2514102022-09-012023-08-31SC2514102021-08-31SC2514102021-09-012022-08-31SC2514102022-08-31SC251410ns15:Scotland2022-09-012023-08-31SC251410ns14:PoundSterling2022-09-012023-08-31SC251410ns10:Director12022-09-012023-08-31SC251410ns10:PrivateLimitedCompanyLtd2022-09-012023-08-31SC251410ns10:SmallEntities2022-09-012023-08-31SC251410ns10:AuditExempt-NoAccountantsReport2022-09-012023-08-31SC251410ns10:SmallCompaniesRegimeForDirectorsReport2022-09-012023-08-31SC251410ns10:SmallCompaniesRegimeForAccounts2022-09-012023-08-31SC251410ns10:FullAccounts2022-09-012023-08-31SC251410ns10:CompanySecretary12022-09-012023-08-31SC251410ns10:RegisteredOffice2022-09-012023-08-31SC251410ns5:CurrentFinancialInstruments2023-08-31SC251410ns5:CurrentFinancialInstruments2022-08-31SC251410ns5:Non-currentFinancialInstruments2023-08-31SC251410ns5:Non-currentFinancialInstruments2022-08-31SC251410ns5:ShareCapital2023-08-31SC251410ns5:ShareCapital2022-08-31SC251410ns5:RetainedEarningsAccumulatedLosses2023-08-31SC251410ns5:RetainedEarningsAccumulatedLosses2022-08-31SC251410ns5:LandBuildings2022-08-31SC251410ns5:PlantMachinery2022-08-31SC251410ns5:LandBuildings2022-09-012023-08-31SC251410ns5:PlantMachinery2022-09-012023-08-31SC251410ns5:LandBuildings2023-08-31SC251410ns5:PlantMachinery2023-08-31SC251410ns5:LandBuildings2022-08-31SC251410ns5:PlantMachinery2022-08-31SC251410ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-08-31SC251410ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-08-31
REGISTERED NUMBER: SC251410 (Scotland)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

Chisholm's Recovery Specialists Limited

Chisholm's Recovery Specialists Limited (Registered number: SC251410)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Chisholm's Recovery Specialists Limited

Company Information
for the Year Ended 31 August 2023







DIRECTOR: M S Chisholm





SECRETARY: Ms L B Chisholm





REGISTERED OFFICE: The Control Centre
West Quarry Ind Estate
Ballachulish
Argyll
PH49 4JP





REGISTERED NUMBER: SC251410 (Scotland)





ACCOUNTANTS: Jean Ainsley. CA
Ainsley Smith & Co
Chartered Accountants
21 Argyll Square
Oban
Argyll
PA34 4AT

Chisholm's Recovery Specialists Limited (Registered number: SC251410)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 925,607 895,108

CURRENT ASSETS
Debtors 5 319,616 167,630
Cash at bank and in hand 269,694 159,611
589,310 327,241
CREDITORS
Amounts falling due within one year 6 344,587 166,498
NET CURRENT ASSETS 244,723 160,743
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,170,330

1,055,851

CREDITORS
Amounts falling due after more than one
year

7

554,291

497,028
NET ASSETS 616,039 558,823

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 615,039 557,823
616,039 558,823

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Chisholm's Recovery Specialists Limited (Registered number: SC251410)

Balance Sheet - continued
31 August 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 August 2024 and were signed by:





M S Chisholm - Director


Chisholm's Recovery Specialists Limited (Registered number: SC251410)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Chisholm's Recovery Specialists Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

Chisholm's Recovery Specialists Limited (Registered number: SC251410)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 September 2022 153,110 2,453,788 2,606,898
Additions - 226,597 226,597
At 31 August 2023 153,110 2,680,385 2,833,495
DEPRECIATION
At 1 September 2022 42,144 1,669,646 1,711,790
Charge for year 6,124 189,974 196,098
At 31 August 2023 48,268 1,859,620 1,907,888
NET BOOK VALUE
At 31 August 2023 104,842 820,765 925,607
At 31 August 2022 110,966 784,142 895,108

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 268,554 131,316
Other debtors 51,062 36,314
319,616 167,630

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts - 1,778
Trade creditors 246,745 55,691
Taxation and social security 40,962 12,714
Other creditors 56,880 96,315
344,587 166,498

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.23 31.8.22
£    £   
Other creditors 554,291 497,028