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REGISTERED NUMBER: SC349786 (Scotland)








FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

BALMEDIE PET CREMATORIUM LIMITED

BALMEDIE PET CREMATORIUM LIMITED (REGISTERED NUMBER: SC349786)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


BALMEDIE PET CREMATORIUM LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr S Black
Mrs G Black





SECRETARY: Mrs G Black





REGISTERED OFFICE: Wardhead
Balmedie
Aberdeenshire
AB23 8YJ





REGISTERED NUMBER: SC349786 (Scotland)





ACCOUNTANTS: Bain Henry Reid
28 Broad Street
Peterhead
Aberdeenshire
AB42 1BY

BALMEDIE PET CREMATORIUM LIMITED (REGISTERED NUMBER: SC349786)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 3 30,512 -
Tangible assets 4 254,373 222,278
284,885 222,278

CURRENT ASSETS
Stocks 21,113 17,653
Debtors 5 31,339 32,833
Cash at bank and in hand 735,423 601,091
787,875 651,577
CREDITORS
Amounts falling due within one year 6 141,873 133,333
NET CURRENT ASSETS 646,002 518,244
TOTAL ASSETS LESS CURRENT
LIABILITIES

930,887

740,522

PROVISIONS FOR LIABILITIES 33,131 13,077
NET ASSETS 897,756 727,445

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 897,754 727,443
SHAREHOLDERS' FUNDS 897,756 727,445

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

BALMEDIE PET CREMATORIUM LIMITED (REGISTERED NUMBER: SC349786)

BALANCE SHEET - continued
31 DECEMBER 2023


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 11 September 2024 and were signed on its behalf by:





Mrs G Black - Director


BALMEDIE PET CREMATORIUM LIMITED (REGISTERED NUMBER: SC349786)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. 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.

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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - Not depreciated and over 50 years
Plant and machinery etc - Over 5 years and Over 4 years

Stocks
Stocks are valued at the lower of cost and selling price less costs to sell, 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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

BALMEDIE PET CREMATORIUM LIMITED (REGISTERED NUMBER: SC349786)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


3. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 32,692
At 31 December 2023 32,692
AMORTISATION
Charge for year 2,180
At 31 December 2023 2,180
NET BOOK VALUE
At 31 December 2023 30,512

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 147,327 199,055 346,382
Additions - 94,029 94,029
Disposals - (54,453 ) (54,453 )
At 31 December 2023 147,327 238,631 385,958
DEPRECIATION
At 1 January 2023 22,636 101,468 124,104
Charge for year 2,843 39,874 42,717
Eliminated on disposal - (35,236 ) (35,236 )
At 31 December 2023 25,479 106,106 131,585
NET BOOK VALUE
At 31 December 2023 121,848 132,525 254,373
At 31 December 2022 124,691 97,587 222,278

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 31,339 32,833

BALMEDIE PET CREMATORIUM LIMITED (REGISTERED NUMBER: SC349786)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 28,968 17,879
Taxation and social security 109,508 111,501
Other creditors 3,397 3,953
141,873 133,333

7. CAPITAL COMMITMENTS
2023 2022
£    £   
Contracted but not provided for in the
financial statements 32,706 -

8. ULTIMATE CONTROLLING PARTY

Mr and Mrs S Black (Directors) control the company by virtue of a 100% holding in the shares.