INVERURIE LAUNDRY COMPANY LIMITED

Company Registration Number:
SC467702 (Scotland)

Unaudited statutory accounts for the year ended 31 January 2024

Period of accounts

Start date: 01 February 2023

End date: 31 January 2024

INVERURIE LAUNDRY COMPANY LIMITED

Contents of the Financial Statements

for the Period Ended 31 January 2024

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

INVERURIE LAUNDRY COMPANY LIMITED

Company Information

for the Period Ended 31 January 2024




Director: Michael John Mountford
Jayamani Shiranthi Mountford
Secretary: Ledingham Chalmers
Registered office: Johnstone House
52-54 Rose Street
Aberdeen
AB10 1HA
Company Registration Number: SC467702 (Scotland)

INVERURIE LAUNDRY COMPANY LIMITED

Directors' Report Period Ended 31 January 2024

The directors present their report with the financial statements of the company for the period ended 31 January 2024

Principal Activities

The company's principal activity during the accounting period was laundering and dry cleaning.

Directors

The directors shown below have held office during the whole of the period from 01 February 2023 to 31 January 2024
Michael John Mountford
Jayamani Shiranthi Mountford

Secretary
Ledingham Chalmers

This report was approved by the board of directors on 17 October 2024
And Signed On Behalf Of The Board By:

Name: Michael John Mountford
Status: Director

INVERURIE LAUNDRY COMPANY LIMITED

Profit and Loss Account

for the Period Ended 31 January 2024


Notes

2024
£

2023
£
Turnover 195,198 166,039
Cost of sales ( 92,380 ) ( 73,089 )
Gross Profit or (Loss) 102,818 92,950
Distribution Costs ( 254 ) ( 250 )
Administrative Expenses ( 68,647 ) ( 59,650 )
Operating Profit or (Loss) 33,917 33,050
Interest Payable and Similar Charges ( 1,619 ) ( 1,315 )
Profit or (Loss) Before Tax 32,298 31,735
Profit or (Loss) for Period 32,298 31,735

The notes form part of these financial statements

INVERURIE LAUNDRY COMPANY LIMITED

Balance sheet

As at 31 January 2024


Notes

2024
£

2023
£
Fixed assets
Intangible assets: 4 0 0
Tangible assets: 5 19,293 31,083
Total fixed assets: 19,293 31,083
Current assets
Stocks: 1,799 2,013
Debtors: 6 16,898 10,058
Cash at bank and in hand: 24,016 21,740
Total current assets: 42,713 33,811
Prepayments and accrued income: 1,083 1,083
Creditors: amounts falling due within one year: 7 ( 10,311 ) ( 9,663 )
Net current assets (liabilities): 33,485 25,231
Total assets less current liabilities: 52,778 56,314
Creditors: amounts falling due after more than one year: 8 ( 25,000 ) ( 60,834 )
Total net assets (liabilities): 27,778 ( 4,520 )

The notes form part of these financial statements

INVERURIE LAUNDRY COMPANY LIMITED

Balance sheet continued

As at 31 January 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 2,000 2,000
Profit and loss account: 25,778 ( 6,520 )
Shareholders funds: 27,778 ( 4,520 )

For the year ending 31 January 2024 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.

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

This report was approved by the board of directors on 17 October 2024
And Signed On Behalf Of The Board By:

Name: Michael John Mountford
Status: Director

The notes form part of these financial statements

INVERURIE LAUNDRY COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 1. Accounting policies

    Basis of measurement and preparation

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

    Tangible fixed assets depreciation policy

    Tangible fixed assets are depreciated over an estimated useful economic lifetime of five years using the straight line method.

    Intangible fixed assets amortisation policy

    Intangible fixed assets are amortised over five years using the straight line method.

INVERURIE LAUNDRY COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 6 6

INVERURIE LAUNDRY COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 3. Off balance sheet disclosure

    No

INVERURIE LAUNDRY COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

4. Intangible assets

Goodwill Total
Cost £ £
At 01 February 2023 75,000 75,000
Additions 0 0
Disposals ( 0 ) ( 0 )
Revaluations 0 0
Transfers 0 0
At 31 January 2024 75,000 75,000
Amortisation
Amortisation at 01 February 2023 75,000 75,000
Charge for year 0 0
On disposals ( 0 ) ( 0 )
Other adjustments 0 0
Amortisation at 31 January 2024 75,000 75,000
Net book value
Net book value at 31 January 2024 0 0
Net book value at 31 January 2023 0 0

INVERURIE LAUNDRY COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

5. Tangible assets

Plant & machinery Fixtures & fittings Motor vehicles Total
Cost £ £ £ £
At 01 February 2023 59,047 12,587 33,400 105,034
Additions 0 984 33,990 34,974
Disposals ( 2,459 ) ( 1,101 ) ( 48,395 ) ( 51,955 )
Revaluations 0 0 0 0
Transfers 0 0 0 0
At 31 January 2024 56,588 12,470 18,995 88,053
Depreciation
At 01 February 2023 57,668 10,716 5,567 73,951
Charge for year 131 1,513 3,879 5,523
On disposals ( 1,570 ) ( 964 ) ( 8,180 ) ( 10,714 )
Other adjustments 0 0 0 0
At 31 January 2024 56,229 11,265 1,266 68,760
Net book value
At 31 January 2024 359 1,205 17,729 19,293
At 31 January 2023 1,379 1,871 27,833 31,083

INVERURIE LAUNDRY COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

6. Debtors


2024
£

2023
£
Trade debtors 16,898 10,058
Total 16,898 10,058

INVERURIE LAUNDRY COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

7.Creditors: amounts falling due within one year note


2024
£

2023
£
Trade creditors 2,234 2,782
Taxation and social security 8,077 6,841
Other creditors 40
Total 10,311 9,663

INVERURIE LAUNDRY COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

8.Creditors: amounts falling due after more than one year


2024
£

2023
£
Amounts due under finance leases and hire purchase contracts 0 20,834
Other creditors 25,000 40,000
Total 25,000 60,834