Company registration number SC497478 (Scotland)
Brian Robertson Ltd
Unaudited financial statements
for the year ended 31 March 2024
Pages for filing with registrar
Brian Robertson Ltd
Chartered Accountants' report to the board of directors on the preparation of the
unaudited statutory financial statements of Brian Robertson Ltd
1

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Brian Robertson Ltd for the year ended 31 March 2024 which comprise, the statement of financial position and the related notes from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the ICAS we are subject to its ethical and other professional requirements which are detailed at https://www.icas.com/professional-resources/practice/support-and-guidance/framework-for-the-preparation-of-accounts-revised-june-2020.

This report is made solely to the director of Brian Robertson Ltd, in accordance with the terms of our engagement letter dated 12 February 2015. Our work has been undertaken solely to prepare for your approval the financial statements of Brian Robertson Ltd and state those matters that we have agreed to state to the director of Brian Robertson Ltd, in this report in accordance with the requirements of the ICAS as detailed at https://www.icas.com/professional-resources/practice/support-and-guidance/framework-for-the-preparation-of-accounts-revised-june-2020. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Brian Robertson Ltd and its director, for our work or for this report.

It is your duty to ensure that Brian Robertson Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Brian Robertson Ltd. You consider that Brian Robertson Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Brian Robertson Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

James Milne
Chartered Accountants
5 Bon Accord Square
Aberdeen
AB11 6XZ
9 October 2024
Brian Robertson Ltd
Statement of financial position
as at 31 March 2024
31 March 2024
2
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
2
640
-
0
Current assets
Debtors
18,248
2,683
Cash at bank and in hand
30,076
25,535
48,324
28,218
Creditors: amounts falling due within one year
(26,169)
(26,367)
Net assets
22,795
1,851
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
22,695
1,751
Total equity
22,795
1,851

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 5 September 2024 and are signed on its behalf by:
Brian Robertson
Director
Company Registration No. SC497478
Brian Robertson Ltd
Notes to the financial statements
for the year ended 31 March 2024
3
1
Accounting policies
Company information

Brian Robertson Ltd is a private company limited by shares incorporated in Scotland. The registered office is Blairmhor, The Hill, Kintore, Inverurie, AB51 0YX.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents revenue recognised in the accounts. Revenue is recognised when the company fulfils its contractual obligations to customers by supplying goods and services. Where services are performed gradually over time, revenue is recognised as activity progresses by reference to the value of the work performed.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
3 year straight line

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.

1.4
Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.

Current tax

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.

Brian Robertson Ltd
Notes to the financial statements (continued)
for the year ended 31 March 2024
4
2
Tangible fixed assets
Total
£
Cost
At 1 April 2023
-
0
Additions
903
At 31 March 2024
903
Depreciation and impairment
At 1 April 2023
-
0
Depreciation charged in the year
263
At 31 March 2024
263
Carrying amount
At 31 March 2024
640
At 31 March 2023
-
0
3
Directors' transactions

During the year the director entered into the following advances and credits with the company :

Description
Opening credit balance
Amounts advanced
Amounts repaid
Closing    credit    balance
£
£
£
£
Brian Robertson - director's loan
21,418
2,241
(17,848)
5,811
21,418
2,241
(17,848)
5,811
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