NORTHERN COMMERCIALS (SCOTLAND) LTD

Company Registration Number:
SC259506 (Scotland)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

NORTHERN COMMERCIALS (SCOTLAND) LTD

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

NORTHERN COMMERCIALS (SCOTLAND) LTD

Balance sheet

As at 31 December 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 184,232 237,283
Total fixed assets: 184,232 237,283
Current assets
Stocks: 604,484 630,153
Debtors:   27,377 5,435
Cash at bank and in hand: 272,976 183,831
Total current assets: 904,837 819,419
Creditors: amounts falling due within one year: 4 (489,419) (478,241)
Net current assets (liabilities): 415,418 341,178
Total assets less current liabilities: 599,650 578,461
Creditors: amounts falling due after more than one year: 5 (15,150) (25,041)
Provision for liabilities: (43,500) (43,000)
Total net assets (liabilities): 541,000 510,420
Capital and reserves
Called up share capital: 200 200
Profit and loss account: 540,800 510,220
Shareholders funds: 541,000 510,420

The notes form part of these financial statements

NORTHERN COMMERCIALS (SCOTLAND) LTD

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 23 September 2024
and signed on behalf of the board by:

Name: Thomas Fraser Bradley
Status: Director

The notes form part of these financial statements

NORTHERN COMMERCIALS (SCOTLAND) LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

NORTHERN COMMERCIALS (SCOTLAND) LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 8 8

NORTHERN COMMERCIALS (SCOTLAND) LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible Assets

Total
Cost £
At 01 January 2023 329,765
Additions 20,470
Disposals (42,670)
At 31 December 2023 307,565
Depreciation
At 01 January 2023 92,482
Charge for year 43,108
On disposals (12,257)
At 31 December 2023 123,333
Net book value
At 31 December 2023 184,232
At 31 December 2022 237,283

NORTHERN COMMERCIALS (SCOTLAND) LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Creditors: amounts falling due within one year note

Hire Purchase agreements are secured over the assets acquired.

NORTHERN COMMERCIALS (SCOTLAND) LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Creditors: amounts falling due after more than one year note

Hire Purchase agreements are secured over the assets acquired.