Registered number
SC218877
Balgedie Management Services Ltd
Unaudited Financil Statements for the year ended
31 August 2024
Balgedie Management Services Ltd Registered number: SC218877
Directors' Report
The directors present their report and accounts for the year ended 31 August 2024.
Principal activities
The company's principal activity is that of a general commercial company.
Dividends
The directors have paid a dividend of £23 per share (2023 - £30)
Directors
The directors of the company and their interest in the shares of the company are as follows:
£1 Ordinary Shares £1 Ordinary Shares
2024 2023
Richard Green 1000 1000
Patricia Green - -
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 16 September 2024 and signed on its behalf by:
Ann Ramsay
Secretary
Balgedie Management Services Ltd Registered number: SC218877
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Current assets
Debtors 4 10,025 9,189
Cash at bank and in hand 475,489 473,660
485,514 482,849
Creditors: amounts falling due within one year 5 (76,268) (77,997)
Net current assets 409,246 404,852
Net assets 409,246 404,852
Capital and reserves
Called up share capital 7 1,000 1,000
Profit and loss account 408,246 403,852
Shareholder's funds 409,246 404,852
The directors are 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 Companies Act 2006 for the year ended 31 August 2024.
The directors acknowledge their responsibilities for complying with the requirements of Section 386 and Section 387 of the Companies Act 2006 with respect to accounting records and the preparation of the financial statements which give a true and fair view of the state of affairs of the company as at 31 August 2024, and of its profit or loss for the financial year in accordance with the requirements of Section 396 and which otherwise comply with the requirements of the Act relating to the accounts so far as applicable to the company.
The financial statements have been prepared in accordance with the special provisions in Part 15 of the Companies Act 2006 applicable to small companies and the Financial Reporting Standard for Smaller Entities (April 2008). The profit and loss account has not been delivered to the Registrar of Companies.
These financial statements were approved by the board on 16 September 2024 and signed on its behalf by:
Richard Green
Director
Balgedie Management Services Ltd
Notes to the Accounts
for the year ended 31 August 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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax.
In the opinion of the directors none of the turnover by the company is attributable to geographical markets outside the UK.
2 Taxation 2024 2023
£ £
Corporation Tax @ 21.15% (2023 - 19%) 7,420 4,272
No provision has been made for deferred taxation as in the opinion of the directors it is unlikely a liability will arise in the foreseeable future.
3 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
4 Debtors 2024 2023
£ £
Prepayments 7,103 6,352
VAT 2,922 2,837
10,025 9,189
5 Creditors: amounts falling due within one year 2024 2023
£ £
Directors loan account 35,035 41,733
Trade creditors 31,588 30,000
Taxation and social security costs 9,085 5,734
Accuals 560 530
76,268 77,997
The loans from the directors are interest free and no arrangements exist for their repayment.
6 Related party transactions
The controlling party is Mr R Green by virtue of his ownership of 100% of the issued ordinary Share Capital in the company.
7 Share Capital 2024 2023
£ £
Allotted, called up and fully paid
Ordinary shares of £1 each 1,000 1,000
1,000 1,000
8 Other information
Balgedie Management Services Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is:
The Old Farmhouse
Easter Balgedie
By Kinross
KY13 9HQ
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