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REGISTERED NUMBER: SC461570 (Scotland)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

Clyde Company (Scotland) Ltd

Clyde Company (Scotland) Ltd (Registered number: SC461570)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


Clyde Company (Scotland) Ltd

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: Mr W Haddad





REGISTERED OFFICE: 3 Dava Street
Glasgow
G51 2JA





REGISTERED NUMBER: SC461570 (Scotland)





ACCOUNTANTS: Burgoyne Carey
Chartered Accountants
Pavilion 2
3 Dava Street
Broomloan Road
Glasgow
G51 2JA

Clyde Company (Scotland) Ltd (Registered number: SC461570)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,749 7,902

CURRENT ASSETS
Stocks 5 121,000 121,250
Debtors 6 15,237 3,267
Cash at bank and in hand 46,073 39,289
182,310 163,806
CREDITORS
Amounts falling due within one year 7 103,007 107,132
NET CURRENT ASSETS 79,303 56,674
TOTAL ASSETS LESS CURRENT
LIABILITIES

84,052

64,576

CREDITORS
Amounts falling due after more than one
year

8

53,652

28,017
NET ASSETS 30,400 36,559

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 30,399 36,558
SHAREHOLDERS' FUNDS 30,400 36,559

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Clyde Company (Scotland) Ltd (Registered number: SC461570)

BALANCE SHEET - continued
31 OCTOBER 2023


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 director and authorised for issue on 8 October 2024 and were signed by:





Mr W Haddad - Director


Clyde Company (Scotland) Ltd (Registered number: SC461570)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

Clyde Company (Scotland) Ltd 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 represents amounts invoiced during the year net, exclusive of Value Added Tax.

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 - 25% on cost
Computer equipment - 25% on cost

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

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.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2022 - 12 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 November 2022
and 31 October 2023 60,083 11,482 71,565
DEPRECIATION
At 1 November 2022 52,520 11,143 63,663
Charge for year 2,983 170 3,153
At 31 October 2023 55,503 11,313 66,816
NET BOOK VALUE
At 31 October 2023 4,580 169 4,749
At 31 October 2022 7,563 339 7,902

Clyde Company (Scotland) Ltd (Registered number: SC461570)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

5. STOCKS
2023 2022
£    £   
Stocks 121,000 121,250

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by associates 100 100
VAT 15,137 3,167
15,237 3,267

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 16,666 8,333
Trade creditors 47,179 70,486
Credit card 2,493 4,371
Tax 5,077 5,077
Social security and other taxes 9,479 2,673
Pensions 975 689
Directors' loan accounts 10,542 4,907
Accrued expenses 10,596 10,596
103,007 107,132

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 16,666 8,333
Bank loans - 2-5 years 26,770 19,684
Bank loans more than
five years 10,216 -
53,652 28,017

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than
five years 10,216 -
10,216 -

Clyde Company (Scotland) Ltd (Registered number: SC461570)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2023 and 31 October 2022:

2023 2022
£    £   
Mr W Haddad
Balance outstanding at start of year (4,907 ) (3,202 )
Amounts advanced (30,635 ) 3,295
Amounts repaid - (5,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (35,542 ) (4,907 )