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REGISTERED NUMBER: SC515545 (Scotland)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Argyle International Limited

Argyle International Limited (Registered number: SC515545)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Argyle International Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mrs H Y Robertson
G Robertson





REGISTERED OFFICE: 35 Kemps End
Tranent
East Lothian
EH33 2GZ





REGISTERED NUMBER: SC515545 (Scotland)





ACCOUNTANTS: EQ Accountants Ltd
47-49 The Square
Kelso
Roxburghshire
TD5 7HW

Argyle International Limited (Registered number: SC515545)

Balance Sheet
31 December 2023

31/12/23 31/12/22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 7,241 15,595

CURRENT ASSETS
Inventories 5 1,085,025 719,594
Debtors 6 386,229 691,765
Cash at bank and in hand 1,011,426 601,891
2,482,680 2,013,250
CREDITORS
Amounts falling due within one year 7 587,690 460,762
NET CURRENT ASSETS 1,894,990 1,552,488
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,902,231

1,568,083

PROVISIONS FOR LIABILITIES 216,450 220,500
NET ASSETS 1,685,781 1,347,583

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,685,681 1,347,483
SHAREHOLDERS' FUNDS 1,685,781 1,347,583

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.

Argyle International Limited (Registered number: SC515545)

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 20 September 2024 and were signed on its behalf by:





G Robertson - Director


Argyle International Limited (Registered number: SC515545)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Argyle International Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. 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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer software - 100% on cost
Plant and machinery - Straight line over 5 years
Office equipment - Straight line over 5 years
Motor vehicles - 25 % on varying methods as appropriate
Computer equipment - 25 % on varying methods as appropriate

Stocks
Inventories are valued at the lower of cost and net realisable value, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Argyle International Limited (Registered number: SC515545)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 15 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Computer Plant and Office
software machinery equipment
£    £    £   
COST
At 1 January 2023
and 31 December 2023 5,252 29,951 19,595
DEPRECIATION
At 1 January 2023 4,773 23,262 19,595
Charge for year 250 3,860 -
At 31 December 2023 5,023 27,122 19,595
NET BOOK VALUE
At 31 December 2023 229 2,829 -
At 31 December 2022 479 6,689 -

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 20,090 37,889 112,777
DEPRECIATION
At 1 January 2023 13,374 36,178 97,182
Charge for year 3,100 1,144 8,354
At 31 December 2023 16,474 37,322 105,536
NET BOOK VALUE
At 31 December 2023 3,616 567 7,241
At 31 December 2022 6,716 1,711 15,595

5. INVENTORIES
31/12/23 31/12/22
£    £   
Stocks 1,085,025 719,594

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade debtors 179,448 485,445
Other debtors 185,899 177,292
VAT - 978
Prepayments 20,882 28,050
386,229 691,765

Argyle International Limited (Registered number: SC515545)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Bank loans and overdrafts - 3
Trade creditors 39,674 55,361
Tax 109,897 124,586
Social security and other taxes 5,674 6,498
VAT 20,100 -
Other creditors 153,115 4,747
Directors' current accounts 207,458 199,990
Accrued expenses 51,772 69,577
587,690 460,762