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REGISTERED NUMBER: SC340585 (Scotland)













Unaudited Financial Statements

for the Year Ended 31 March 2024

for

A Carroll Double Glazing Limited

A Carroll Double Glazing Limited (Registered number: SC340585)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A Carroll Double Glazing Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: B Carroll
Mrs M Carroll





SECRETARY: Mrs M Carroll





REGISTERED OFFICE: 10 Kings Park Road
Glasgow
G44 4TU





REGISTERED NUMBER: SC340585 (Scotland)





ACCOUNTANTS: Gerber Landa & Gee
Chartered Accountants
Pavilion 1
Finnieston Business Park
Minerva Way
GLASGOW
G3 8AU

A Carroll Double Glazing Limited (Registered number: SC340585)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,875 9,750
Tangible assets 5 383 173
5,258 9,923

CURRENT ASSETS
Stocks 14,128 5,027
Debtors 6 63,279 47,679
Cash at bank and in hand 18,303 27,259
95,710 79,965
CREDITORS
Amounts falling due within one year 7 88,071 93,608
NET CURRENT ASSETS/(LIABILITIES) 7,639 (13,643 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,897

(3,720

)

CREDITORS
Amounts falling due after more than one year 8 (7,000 ) (13,000 )

PROVISIONS FOR LIABILITIES (73 ) -
NET ASSETS/(LIABILITIES) 5,824 (16,720 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 5,724 (16,820 )
SHAREHOLDERS' FUNDS 5,824 (16,720 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

A Carroll Double Glazing Limited (Registered number: SC340585)

Balance Sheet - continued
31 March 2024


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 1 October 2024 and were signed on its behalf by:





B Carroll - Director


A Carroll Double Glazing Limited (Registered number: SC340585)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

A Carroll Double Glazing 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents amounts chargeable, excluding value added tax, in respect of the date of goods and services to customers.

Turnover from the provision of glazing services is recognised when significant risks and rewards of ownership of the goods have passed to the buyer, the amount of revenue can be measured reliably and it is probable that the economic benefits associated with the transaction will flow to the entity.

Goodwill
Goodwill is the amount paid in connection with the acquisition of a business in 2009. The goodwill is now being amortised over 10 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost, 20% on cost, 10% on reducing balance and Straight line over 3 years

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

A Carroll Double Glazing Limited (Registered number: SC340585)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
Basic financial assets which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities which include creditors and loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument measured at the present value of future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

A Carroll Double Glazing Limited (Registered number: SC340585)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 75,000
AMORTISATION
At 1 April 2023 65,250
Charge for year 4,875
At 31 March 2024 70,125
NET BOOK VALUE
At 31 March 2024 4,875
At 31 March 2023 9,750

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 31,473
Additions 340
At 31 March 2024 31,813
DEPRECIATION
At 1 April 2023 31,300
Charge for year 130
At 31 March 2024 31,430
NET BOOK VALUE
At 31 March 2024 383
At 31 March 2023 173

6. DEBTORS
31.3.24 31.3.23
£    £   
Amounts falling due within one year:
Trade debtors 15,233 13,608
Other debtors 39,561 25,586
54,794 39,194

A Carroll Double Glazing Limited (Registered number: SC340585)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. DEBTORS - continued
31.3.24 31.3.23
£    £   
Amounts falling due after more than one year:
Other debtors 8,485 8,485

Aggregate amounts 63,279 47,679

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 6,000 6,000
Trade creditors 41,023 36,167
Taxation and social security 33,053 48,024
Other creditors 7,995 3,417
88,071 93,608

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 7,000 13,000

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.24 31.3.23
£    £   
Within one year - 5,963

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
A Carroll and Mrs M Carroll
Balance outstanding at start of year 25,139 23,856
Amounts advanced 55,133 26,640
Amounts repaid (41,021 ) (25,357 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 39,251 25,139

There is no fixed repayment date and there is no interest charged on this loan.