Registered number
SC734157
VAN BROKER (SCOTLAND) LTD
Filleted Accounts
31 May 2024
VAN BROKER (SCOTLAND) LTD
Registered number: SC734157
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 3,340 7,340
Cash at bank and in hand 6,962 8,447
10,302 15,787
Creditors: amounts falling due within one year 4 (13,979) (15,693)
Net current (liabilities)/assets (3,677) 94
Net (liabilities)/assets (3,677) 94
Capital and reserves
Called up share capital 100 100
Profit and loss account (3,777) (6)
Shareholder's funds (3,677) 94
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Blair Michie
Director
Approved by the board on 2 September 2024
VAN BROKER (SCOTLAND) LTD
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Debtors 2024 2023
£ £
Trade debtors 3,240 7,240
Other debtors 100 100
3,340 7,340
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 200 -
Amounts owed to group undertakings and undertakings in which the company has a participating interest 13,200 13,200
Taxation and social security costs 579 1,743
Other creditors - 750
13,979 15,693
5 Other information
VAN BROKER (SCOTLAND) LTD is a private company limited by shares and incorporated in Scotland. Its registered office is:
Violet House
3 Violet Street
Paisley
PA1 1QA
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