ASW Aberdeen Ltd
Registered number: SC263251
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 712,687 689,899
Current assets
Debtors 4 86,228 174,062
Cash at bank and in hand 115,468 99,586
201,696 273,648
Creditors: amounts falling due within one year 5 (85,160) (111,351)
Net current assets 116,536 162,297
Total assets less current liabilities 829,223 852,196
Creditors: amounts falling due after more than one year 6 (26,298) (65,894)
Net assets 802,925 786,302
Capital and reserves
Called up share capital 100 100
Profit and loss account 802,825 786,202
Shareholders' funds 802,925 786,302
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs June Fowlie
Director
Approved by the board on 1 October 2024
ASW Aberdeen Ltd
Notes to the Accounts
for the year ended 29 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Investments
Investments in unquoted equity instruments are measured at fair value. Changes in fair value are recognised in profit or loss. Fair value is estimated by using a valuation technique.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 5 5
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 March 2023 27,217 1,211,007 1,238,224
Additions 4,425 82,036 86,461
Disposals - (39,505) (39,505)
At 29 February 2024 31,642 1,253,538 1,285,180
Depreciation
At 1 March 2023 4,351 543,974 548,325
Charge for the year 1,626 47,893 49,519
On disposals - (25,351) (25,351)
At 29 February 2024 5,977 566,516 572,493
Net book value
At 29 February 2024 25,665 687,022 712,687
At 28 February 2023 22,866 667,033 689,899
4 Debtors 2024 2023
£ £
Trade debtors 71,601 170,012
Other debtors 14,627 4,050
86,228 174,062
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 34,090 66,309
Accruals 49,350 -
Corporation tax (697) 15,505
Other taxes and social security costs 2,417 8,260
Other creditors - 21,277
85,160 111,351
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 22,500 32,500
Obligations under finance lease and hire purchase contracts 3,798 33,394
26,298 65,894
7 Other information
ASW Aberdeen Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is:
Epasco
Neilsbrae
Fintray
Aberdeenshire
AB21 0YS
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