Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 SC651965 Mr Donald Gair iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC651965 2023-01-31 SC651965 2024-01-31 SC651965 2023-02-01 2024-01-31 SC651965 frs-core:CurrentFinancialInstruments 2024-01-31 SC651965 frs-core:Non-currentFinancialInstruments 2024-01-31 SC651965 frs-core:MotorVehicles 2024-01-31 SC651965 frs-core:MotorVehicles 2023-02-01 2024-01-31 SC651965 frs-core:MotorVehicles 2023-01-31 SC651965 frs-core:PlantMachinery 2024-01-31 SC651965 frs-core:PlantMachinery 2023-02-01 2024-01-31 SC651965 frs-core:PlantMachinery 2023-01-31 SC651965 frs-core:ShareCapital 2024-01-31 SC651965 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 SC651965 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 SC651965 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 SC651965 frs-bus:SmallEntities 2023-02-01 2024-01-31 SC651965 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 SC651965 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 SC651965 frs-bus:Director1 2023-02-01 2024-01-31 SC651965 frs-countries:Scotland 2023-02-01 2024-01-31 SC651965 2022-01-31 SC651965 2023-01-31 SC651965 2022-02-01 2023-01-31 SC651965 frs-core:CurrentFinancialInstruments 2023-01-31 SC651965 frs-core:Non-currentFinancialInstruments 2023-01-31 SC651965 frs-core:ShareCapital 2023-01-31 SC651965 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: SC651965
Midlothian Tiling Services Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
Paterson Accountancy Ltd
29 Academy Place
Bathgate
EH48 1AS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC651965
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 92,328 74,862
92,328 74,862
CURRENT ASSETS
Debtors 5 10 10
Cash at bank and in hand 51,030 31,169
51,040 31,179
Creditors: Amounts Falling Due Within One Year 6 (24,516 ) (35,526 )
NET CURRENT ASSETS (LIABILITIES) 26,524 (4,347 )
TOTAL ASSETS LESS CURRENT LIABILITIES 118,852 70,515
Creditors: Amounts Falling Due After More Than One Year 7 (57,973 ) (58,276 )
NET ASSETS 60,879 12,239
CAPITAL AND RESERVES
Called up share capital 8 10 10
Profit and Loss Account 60,869 12,229
SHAREHOLDERS' FUNDS 60,879 12,239
Page 1
Page 2
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 director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Donald Gair
Director
25/09/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Midlothian Tiling Services Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC651965 . The registered office is 12 Gibraltar Gardens, Dalkeith, Midlothian, EH22 1EF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 18% reducing
Motor Vehicles 18% reducing
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 February 2023 - 74,862 74,862
Additions 21,300 - 21,300
As at 31 January 2024 21,300 74,862 96,162
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 February 2023 - - -
Provided during the period 3,834 - 3,834
As at 31 January 2024 3,834 - 3,834
Net Book Value
As at 31 January 2024 17,466 74,862 92,328
As at 1 February 2023 - 74,862 74,862
5. Debtors
2024 2023
£ £
Due within one year
Called up share capital not paid 10 10
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Director's loan account 24,516 35,526
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 57,973 58,276
8. Share Capital
2024 2023
£ £
Called Up Share Capital not Paid 10 10
Amount of Allotted, Called Up Share Capital 10 10
Page 4