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No description of principal activity
2023-01-01
Sage Accounts Production Advanced 2023 - FRS102_2023
7,730
7,730
xbrli:pure
xbrli:shares
iso4217:GBP
SC181111
2023-01-01
2023-12-31
SC181111
2023-12-31
SC181111
2022-12-31
SC181111
2022-01-01
2022-12-31
SC181111
2022-12-31
SC181111
2021-12-31
SC181111
core:PlantMachinery
2023-01-01
2023-12-31
SC181111
bus:LeadAgentIfApplicable
2023-01-01
2023-12-31
SC181111
bus:Director2
2023-01-01
2023-12-31
SC181111
core:DevelopmentCostsCapitalisedDevelopmentExpenditure
2023-12-31
SC181111
core:PlantMachinery
2022-12-31
SC181111
core:PlantMachinery
2023-12-31
SC181111
core:WithinOneYear
2023-12-31
SC181111
core:WithinOneYear
2022-12-31
SC181111
core:ShareCapital
2023-12-31
SC181111
core:ShareCapital
2022-12-31
SC181111
core:RetainedEarningsAccumulatedLosses
2023-12-31
SC181111
core:RetainedEarningsAccumulatedLosses
2022-12-31
SC181111
bus:SmallEntities
2023-01-01
2023-12-31
SC181111
bus:AuditExemptWithAccountantsReport
2023-01-01
2023-12-31
SC181111
bus:SmallCompaniesRegimeForAccounts
2023-01-01
2023-12-31
SC181111
bus:PrivateLimitedCompanyLtd
2023-01-01
2023-12-31
SC181111
bus:FullAccounts
2023-01-01
2023-12-31
SC181111
core:OfficeEquipment
2023-01-01
2023-12-31
SC181111
core:OfficeEquipment
2023-12-31
SC181111
core:OfficeEquipment
2022-12-31
COMPANY REGISTRATION NUMBER:
SC181111
Filleted Unaudited Financial Statements |
|
Year ended 31 December 2023
Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements |
1 |
|
|
Statement of financial position |
2 |
|
|
Notes to the financial statements |
3 |
|
|
Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of
The Tartan Army Limited |
|
Year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Tartan Army Limited for the year ended 31 December 2023, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at www.icas.com/accountspreparationguidance. This report is made solely to the Board of Directors of The Tartan Army Limited, as a body. Our work has been undertaken solely to prepare for your approval the financial statements of The Tartan Army Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with the requirements of ICAS as detailed at www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Tartan Army Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that The Tartan Army Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of The Tartan Army Limited. You consider that The Tartan Army Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of The Tartan Army Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
GILLILAND & COMPANY
Chartered Accountants
216 West George Street
Glasgow
G2 2PQ
18 September 2024
Statement of Financial Position |
|
31 December 2023
Fixed assets
Current assets
Cash at bank and in hand |
434 |
|
70 |
|
|
|
|
Creditors: amounts falling due within one year |
6 |
35,138 |
|
32,810 |
|
-------- |
|
-------- |
Net current liabilities |
|
34,704 |
32,740 |
|
|
-------- |
-------- |
Total assets less current liabilities |
|
(
34,704) |
(
32,710) |
|
|
-------- |
-------- |
Net liabilities |
|
(
34,704) |
(
32,710) |
|
|
-------- |
-------- |
|
|
|
|
|
Capital and reserves
Called up share capital |
|
100 |
100 |
Profit and loss account |
|
(
34,804) |
(
32,810) |
|
|
-------- |
-------- |
Shareholders deficit |
|
(
34,704) |
(
32,710) |
|
|
-------- |
-------- |
|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
18 September 2024
, and are signed on behalf of the board by:
Company registration number:
SC181111
Notes to the Financial Statements |
|
Year ended 31 December 2023
1.
General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is 135 Culduthel Road, Inverness, IV2 4EF.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity.
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change of value
Going concern
The company is reliant on the support of the directors in order to continue in operational existence and meet its liabilities as they fall due. The directors are satisfied that they will continue to support the company for the next 12 months, and as such, the going concern basis is appropriate for the preparation of the accounts.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Plant and Machinery |
- |
25% straight line |
|
Website |
- |
33% straight line |
|
|
|
|
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4.
Intangible assets
|
Development costs |
|
£ |
Cost |
|
At 1 January 2023 and 31 December 2023 |
7,730 |
|
------- |
Amortisation |
|
At 1 January 2023 and 31 December 2023 |
7,730 |
|
------- |
Carrying amount |
|
At 31 December 2023 |
– |
|
------- |
At 31 December 2022 |
– |
|
------- |
|
|
5.
Tangible assets
|
Plant and machinery |
Equipment |
Total |
|
£ |
£ |
£ |
Cost |
|
|
|
At 1 January 2023 and 31 December 2023 |
881 |
16,677 |
17,558 |
|
---- |
-------- |
-------- |
Depreciation |
|
|
|
At 1 January 2023 |
881 |
16,647 |
17,528 |
Charge for the year |
– |
30 |
30 |
|
---- |
-------- |
-------- |
At 31 December 2023 |
881 |
16,677 |
17,558 |
|
---- |
-------- |
-------- |
Carrying amount |
|
|
|
At 31 December 2023 |
– |
– |
– |
|
---- |
-------- |
-------- |
At 31 December 2022 |
– |
30 |
30 |
|
---- |
-------- |
-------- |
|
|
|
|
6.
Creditors:
amounts falling due within one year
|
2023 |
2022 |
|
£ |
£ |
Bank loans and overdrafts |
7,977 |
9,612 |
Other creditors |
27,161 |
23,198 |
|
-------- |
-------- |
|
35,138 |
32,810 |
|
-------- |
-------- |
|
|
|
7.
Directors' advances, credits and guarantees
Mr D Lawson, director, was owed £7,775 from the company as at 31st December 2023 (2022: £5,300).
Mr R Shields
, director, was owed £5,103 from the company as at 31st December 2023 (2022: £2,828). These loans are unsecured, interest-free and repayable on demand.
8.
Related party transactions
An amount of £13,203 was owed to a related party at year end (2022: £13,203)
9.
Controlling party
The company was under the joint control of Mr D Lawson and Mr R Shields throughout the current and previous year. Each of the directors hold 50% of the company's share capital.