Registered Number
(Scotland)
Unaudited Financial Statements for the Year ended
31 December 2023
Director |
Registered Address | |
Place of Business | Drumbow Farm |
Caldercruix | |
Airdrie | |
ML6 7RX |
Registered Number |
Notes | 2023 | 2022 | ||||||
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£ | £ | £ | £ | |||||
Fixed assets | ||||||||
Tangible assets | 3 | |||||||
Current assets | ||||||||
Stocks | 4 | |||||||
Debtors | 5 | |||||||
Cash at bank and on hand | ||||||||
Creditors amounts falling due within one year | 6 | ( | ( | |||||
Net current assets (liabilities) | ( | |||||||
Total assets less current liabilities | ||||||||
Creditors amounts falling due after one year | 7 | ( | ( | |||||
Provisions for liabilities | 9 | ( | ||||||
Net assets | ( | |||||||
Capital and reserves | ||||||||
Called up share capital | ||||||||
Profit and loss account | ( | |||||||
Shareholders' funds | ( |
The financial statements were approved and authorised for issue by the Director on 22 August 2024, and are signed on its behalf by: |
Director Registered Company No. SC363549 |
1. | Accounting policies |
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Statutory information | |
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Statement of compliance | |
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Basis of preparation | |
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Functional and presentation currency | |
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Going concern | |
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Judgements and key sources of estimation uncertainty | |
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In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. These critical accounting judgements and estimations are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The critical judgements made by management that have a significant effect on the amounts recognised in the financial statements are described below. |
Turnover policy | |
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Revenue from rendering of services | |
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Revenue from the rendering of services is recognised by reference to the stage of completion of the service at the balance sheet date. |
Interest income | |
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Interest income is recognised using the effective interest rate method. |
Employee benefits | |
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Current taxation | |
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Deferred tax | |
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Tangible fixed assets and depreciation | |
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Reducing balance (%) | ||
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Plant and machinery | ||
Vehicles |
Finance leases and hire purchase contracts | |
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Stocks and work in progress | |
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Trade and other debtors | |
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Cash and cash equivalents | |
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Trade and other creditors | |
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Financial instruments | |
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Related parties | |
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2. | Average number of employees |
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2023 | 2022 | |||
---|---|---|---|---|
Average number of employees during the year |
3. | Tangible fixed assets |
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Plant & machinery | Vehicles | Total | ||||
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£ | £ | £ | ||||
Cost or valuation | ||||||
At 01 January 23 | ||||||
Additions | ||||||
Disposals | ( | ( | ||||
At 31 December 23 | ||||||
Depreciation and impairment | ||||||
At 01 January 23 | ||||||
Charge for year | ||||||
On disposals | ( | ( | ||||
At 31 December 23 | ||||||
Net book value | ||||||
At 31 December 23 | ||||||
At 31 December 22 |
4. | Stocks |
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2023 | 2022 | |||
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£ | £ | |||
Work in progress | ||||
Total |
5. | Debtors: amounts due within one year |
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2023 | 2022 | |||
---|---|---|---|---|
£ | £ | |||
Trade debtors / trade receivables | ||||
Other debtors | ||||
Prepayments and accrued income | ||||
Total |
6. | Creditors: amounts due within one year |
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2023 | 2022 | |||
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£ | £ | |||
Trade creditors / trade payables | ||||
Bank borrowings and overdrafts | ||||
Amounts owed to related parties | ||||
Taxation and social security | ||||
Finance lease and HP contracts | ||||
Other creditors | ||||
Accrued liabilities and deferred income | ||||
Total |
7. | Creditors: amounts due after one year |
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2023 | 2022 | |||
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£ | £ | |||
Bank borrowings and overdrafts | ||||
Other creditors | ||||
Total |
8. | Obligations under finance leases |
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2023 | 2022 | |||
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£ | £ | |||
Finance lease and HP contracts |
9. | Provisions for liabilities |
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2023 | 2022 | |||
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£ | £ | |||
Net deferred tax liability (asset) | ||||
Total |
10. | Related party transactions |
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