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Registered number: SC445800
Loch Lomond Bird of Prey Centre Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
First Base Accountants
Pavilion 2
Castlecraig Business Park
Stirling
FK7 7SH
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC445800
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,587 2,073
1,587 2,073
CURRENT ASSETS
Debtors 5 5,400 5,400
Cash at bank and in hand 16,590 870
21,990 6,270
Creditors: Amounts Falling Due Within One Year 6 (244,370 ) (160,170 )
NET CURRENT ASSETS (LIABILITIES) (222,380 ) (153,900 )
TOTAL ASSETS LESS CURRENT LIABILITIES (220,793 ) (151,827 )
NET LIABILITIES (220,793 ) (151,827 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (220,893 ) (151,927 )
SHAREHOLDERS' FUNDS (220,793) (151,827)
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Stewart Robertson
Director
01/08/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Loch Lomond Bird of Prey Centre Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC445800 . The registered office is Loch Lomond Shores, Ben Lomond Way, Balloch, Alexandria, G83 8QL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% reducing balance
Computer Equipment 25% reducing balance
2.4. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2023: 4)
7 4
4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 21,919 525 22,444
As at 31 March 2024 21,919 525 22,444
Depreciation
As at 1 April 2023 20,273 98 20,371
Provided during the period 412 74 486
As at 31 March 2024 20,685 172 20,857
Net Book Value
As at 31 March 2024 1,234 353 1,587
As at 1 April 2023 1,646 427 2,073
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 5,400 5,400
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 10,272 14,453
Bank loans and overdrafts 79,707 24,361
Other taxes and social security 1,670 1,322
VAT 4,924 295
Accruals and deferred income 1,880 3,255
Director's loan account 145,917 116,484
244,370 160,170
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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