0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP SC627436 2023-04-01 2024-03-31 SC627436 2024-03-31 SC627436 2023-03-31 SC627436 2022-04-01 2023-03-31 SC627436 2023-03-31 SC627436 2022-03-31 SC627436 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 SC627436 bus:Director2 2023-04-01 2024-03-31 SC627436 core:WithinOneYear 2024-03-31 SC627436 core:WithinOneYear 2023-03-31 SC627436 core:ShareCapital 2024-03-31 SC627436 core:ShareCapital 2023-03-31 SC627436 core:RetainedEarningsAccumulatedLosses 2024-03-31 SC627436 core:RetainedEarningsAccumulatedLosses 2023-03-31 SC627436 bus:SmallEntities 2023-04-01 2024-03-31 SC627436 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 SC627436 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 SC627436 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 SC627436 bus:FullAccounts 2023-04-01 2024-03-31 SC627436 bus:OrdinaryShareClass1 2024-03-31 SC627436 bus:OrdinaryShareClass1 2023-03-31 SC627436 core:AllAssociates 2023-04-01 2024-03-31
COMPANY REGISTRATION NUMBER: SC627436
Strachmor Developments Limited
Filleted Unaudited Financial Statements
31 March 2024
Strachmor Developments Limited
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
Current assets
Stocks
455,085
455,085
Debtors
4
175
175
---------
---------
455,260
455,260
Creditors: amounts falling due within one year
5
454,376
453,758
---------
---------
Net current assets
884
1,502
----
-------
Total assets less current liabilities
884
1,502
----
-------
Net assets
884
1,502
----
-------
Capital and reserves
Called up share capital
6
100
100
Profit and loss account
784
1,402
----
-------
Shareholders funds
884
1,502
----
-------
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 March 2024 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 24 September 2024 , and are signed on behalf of the board by:
Mrs F. A. Moir
Director
Company registration number: SC627436
Strachmor Developments Limited
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is 383 Brook Street, Broughty Ferry, Dundee, DD5 2DS.
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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Corporation 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.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4. Debtors
2024
2023
£
£
Other debtors
175
175
----
----
5. Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
454,376
453,758
---------
---------
6. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
----
----
----
----
7. Related party transactions
At the year end the company was due to pay Strachmor Limited £453,896 (2023 - £453,098) . Strachmor Limited is a company under common control.