Company Registration No. SC038377 (Scotland)
Linnhe Lochside Holidays Limited
Unaudited accounts
for the year ended 31 January 2024
Linnhe Lochside Holidays Limited
Unaudited accounts
Contents
Linnhe Lochside Holidays Limited
Company Information
for the year ended 31 January 2024
Directors
Colin Wood
Claire Wood
Company Number
SC038377 (Scotland)
Registered Office
LINNHE LOCHSIDE HOLIDAYS
CORPACH
FORT WILLIAM
PH33 7NL
SCOTLAND
Accountants
Ascent Accounting Ltd
Clyde Offices 2nd Floor
48 West George Street
Glasgow
G2 1BP
Linnhe Lochside Holidays Limited
Statement of financial position
as at 31 January 2024
Tangible assets
988,966
1,018,188
Cash at bank and in hand
14,718
7,605
Creditors: amounts falling due within one year
(81,296)
(276,580)
Net current assets
212,845
135,164
Total assets less current liabilities
1,201,811
1,153,352
Provisions for liabilities
Deferred tax
(134,168)
(141,473)
Net assets
1,067,643
1,011,879
Called up share capital
20,000
20,000
Profit and loss account
1,047,643
991,879
Shareholders' funds
1,067,643
1,011,879
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2024 and were signed on its behalf by
Colin Wood
Director
Company Registration No. SC038377
Linnhe Lochside Holidays Limited
Notes to the Accounts
for the year ended 31 January 2024
Linnhe Lochside Holidays Limited is a private company, limited by shares, registered in Scotland, registration number SC038377. The registered office is LINNHE LOCHSIDE HOLIDAYS, CORPACH, FORT WILLIAM, PH33 7NL, SCOTLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
No Depreciation
Plant & machinery
15% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
15% Reducing Balance
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 February 2023
461,171
1,363,692
111,999
92,168
2,029,030
Additions
-
116,282
88,600
2,208
207,090
Disposals
-
(120,896)
(51,500)
-
(172,396)
At 31 January 2024
461,171
1,359,078
149,099
94,376
2,063,724
At 1 February 2023
8,875
892,104
75,687
34,176
1,010,842
Charge for the year
-
71,301
27,154
9,030
107,485
On disposals
-
(8,364)
(35,205)
-
(43,569)
At 31 January 2024
8,875
955,041
67,636
43,206
1,074,758
At 31 January 2024
452,296
404,037
81,463
51,170
988,966
At 31 January 2023
452,296
471,588
36,312
57,992
1,018,188
Linnhe Lochside Holidays Limited
Notes to the Accounts
for the year ended 31 January 2024
Amounts falling due within one year
Accrued income and prepayments
9,607
8,733
Amounts falling due after more than one year
Other debtors
258,332
386,406
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
-
10,000
Trade creditors
51,386
278,648
Taxes and social security
(17,404)
(49,801)
7
Deferred taxation
2024
2023
Accelerated capital allowances
134,168
141,473
Provision at start of year
141,473
112,148
(Credited)/charged to the profit and loss account
(7,305)
29,325
Provision at end of year
134,168
141,473
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Loan
351,349
-
128,718
222,631
351,349
-
128,718
222,631
9
Average number of employees
During the year the average number of employees was 21 (2023: 22).