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REGISTERED NUMBER: SC362361 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

David Aikman & Son (Coachbuilders)
Limited

David Aikman & Son (Coachbuilders)
Limited (Registered number: SC362361)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


David Aikman & Son (Coachbuilders)
Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: D Aikman
Mrs B Aikman





SECRETARY:





REGISTERED OFFICE: 12 Carron Place
East Kilbride
Glasgow
G75 0YL





REGISTERED NUMBER: SC362361 (Scotland)





ACCOUNTANTS: Glen Drummond Financial Accountants
12 Carron Place
East Kilbride
Lanarkshire
G75 0YL

David Aikman & Son (Coachbuilders)
Limited (Registered number: SC362361)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 25,848 21,729
25,848 21,729

CURRENT ASSETS
Stocks 1,500 2,500
Debtors 6 38,374 25,305
Cash at bank 114,835 74,291
154,709 102,096
CREDITORS
Amounts falling due within one year 7 48,154 25,093
NET CURRENT ASSETS 106,555 77,003
TOTAL ASSETS LESS CURRENT
LIABILITIES

132,403

98,732

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 131,403 97,732
132,403 98,732

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

David Aikman & Son (Coachbuilders)
Limited (Registered number: SC362361)

Balance Sheet - continued
31 March 2024


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 Board of Directors and authorised for issue on 3 September 2024 and were signed on its behalf by:





D Aikman - Director


David Aikman & Son (Coachbuilders)
Limited (Registered number: SC362361)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

David Aikman & Son (Coachbuilders) 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

David Aikman & Son (Coachbuilders)
Limited (Registered number: SC362361)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 20,000
AMORTISATION
At 1 April 2023
and 31 March 2024 20,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

David Aikman & Son (Coachbuilders)
Limited (Registered number: SC362361)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 17,913 18,063 35,976
Additions - 7,500 7,500
Disposals - (2,550 ) (2,550 )
At 31 March 2024 17,913 23,013 40,926
DEPRECIATION
At 1 April 2023 - 14,247 14,247
Charge for year - 2,055 2,055
Eliminated on disposal - (1,224 ) (1,224 )
At 31 March 2024 - 15,078 15,078
NET BOOK VALUE
At 31 March 2024 17,913 7,935 25,848
At 31 March 2023 17,913 3,816 21,729

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 38,374 25,305

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 1,795 629
Trade creditors 20,827 13,473
Tax 14,708 4,503
Social security and other taxes (335 ) (55 )
Net wages 65 (176 )
Pension Creditor 3 -
VAT 9,441 5,069
Accrued expenses 1,650 1,650
48,154 25,093