Company Registration No. SC311272 (Scotland)
Tarbolton Timber Services Ltd.
Unaudited accounts
for the year ended 30 November 2023
Tarbolton Timber Services Ltd.
Unaudited accounts
Contents
Tarbolton Timber Services Ltd.
Company Information
for the year ended 30 November 2023
Company Number
SC311272 (Scotland)
Registered Office
44 West Port
Tarbolton
Ayrshire
KA5 5QH
Scotland
Accountants
McKinnon & Co Ltd ACPA
33 Newmarket Street
Ayr
Ayrshire
KA7 1LL
Tarbolton Timber Services Ltd.
Statement of financial position
as at 30 November 2023
Tangible assets
24,865
31,081
Cash at bank and in hand
60,169
44,351
Creditors: amounts falling due within one year
(60,584)
(53,216)
Net current assets
48,795
30,268
Total assets less current liabilities
73,660
61,349
Creditors: amounts falling due after more than one year
(25,045)
(28,240)
Called up share capital
2
2
Profit and loss account
48,613
33,107
Shareholders' funds
48,615
33,109
For the 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. 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 30 August 2024 and were signed on its behalf by
Mr Charles Reid
Director
Company Registration No. SC311272
Tarbolton Timber Services Ltd.
Notes to the Accounts
for the year ended 30 November 2023
Tarbolton Timber Services Ltd. is a private company, limited by shares, registered in Scotland, registration number SC311272. The registered office is 44 West Port, Tarbolton, Ayrshire, KA5 5QH, Scotland.
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
Reducing Balance at 20%
Motor vehicles
Reducing Balance at 20%
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 December 2022
20,196
25,100
45,296
At 30 November 2023
20,196
25,100
45,296
At 1 December 2022
565
13,650
14,215
Charge for the year
3,926
2,290
6,216
At 30 November 2023
4,491
15,940
20,431
At 30 November 2023
15,705
9,160
24,865
At 30 November 2022
19,631
11,450
31,081
Amounts falling due within one year
Other debtors
42,246
27,370
Tarbolton Timber Services Ltd.
Notes to the Accounts
for the year ended 30 November 2023
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
15,410
3,010
Taxes and social security
-
537
Loans from directors
23,435
27,930
Deferred income
19,939
19,939
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
17,500
17,500
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).