Company Registration No. SC581180 (Scotland)
Burnside Logs Ltd
Unaudited accounts
for the year ended 30 November 2023
Burnside Logs Ltd
Unaudited accounts
Contents
Burnside Logs Ltd
Company Information
for the year ended 30 November 2023
Directors
Martin Dawson
Nicola Dawson
Company Number
SC581180 (Scotland)
Registered Office
Burnside Lodge
Fortrie
Turriff
Aberdeenshire
AB53 4HX
Scotland
Accountants
S Gray Accounting
Dunrewan
Little Colp
Turriff
Aberdeenshire
AB53 8DT
Burnside Logs Ltd
Statement of financial position
as at 30 November 2023
Tangible assets
34,082
43,173
Cash at bank and in hand
2,626
5,116
Creditors: amounts falling due within one year
(6,866)
(13,031)
Net current assets
7,567
3,307
Total assets less current liabilities
41,699
46,480
Creditors: amounts falling due after more than one year
(44,007)
(45,749)
Net (liabilities)/assets
(2,308)
731
Called up share capital
20
20
Profit and loss account
(2,328)
711
Shareholders' funds
(2,308)
731
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 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 30 August 2024 and were signed on its behalf by
Nicola Dawson
Director
Company Registration No. SC581180
Burnside Logs Ltd
Notes to the Accounts
for the year ended 30 November 2023
Burnside Logs Ltd is a private company, limited by shares, registered in Scotland, registration number SC581180. The registered office is Burnside Lodge, Fortrie, Turriff, Aberdeenshire, AB53 4HX, 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
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 December 2022
100,676
5,300
629
374
106,979
Additions
2,092
-
-
-
2,092
At 30 November 2023
102,768
5,300
629
374
109,071
At 1 December 2022
60,302
3,069
274
161
63,806
Charge for the year
10,483
558
89
53
11,183
At 30 November 2023
70,785
3,627
363
214
74,989
At 30 November 2023
31,983
1,673
266
160
34,082
At 30 November 2022
40,374
2,231
355
213
43,173
Burnside Logs Ltd
Notes to the Accounts
for the year ended 30 November 2023
5
Investments
Other investments
Valuation at 1 December 2022
-
Valuation at 30 November 2023
50
Amounts falling due within one year
Accrued income and prepayments
3,747
3,263
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
(3,689)
611
Taxes and social security
(483)
(483)
Other creditors
5,000
12,000
8
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
44,007
41,749
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).