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REGISTERED NUMBER: SC184746 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Accountants Plus (Hamilton) Ltd
Trading as
Accountants Plus

Accountants Plus (Hamilton) Ltd (Registered number: SC184746)
Trading as Accountants Plus






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


Accountants Plus (Hamilton) Ltd
Trading as Accountants Plus

Company Information
for the Year Ended 31 March 2024







DIRECTORS: B J T Wood
C A Lumsden





REGISTERED OFFICE: Upper Floor, Unit 1
82 Muir Street
Hamilton
Lanarkshire
ML3 6BJ





REGISTERED NUMBER: SC184746 (Scotland)





ACCOUNTANTS: Accountants Plus
Chartered Certified Accountants
Unit 1 Cadzow Park
82 Muir Street
Hamilton
ML3 6BJ

Accountants Plus (Hamilton) Ltd (Registered number: SC184746)
Trading as Accountants Plus

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 132,300 147,000
Tangible assets 5 121,281 135,555
253,581 282,555

CURRENT ASSETS
Debtors 6 473,713 320,554
Cash at bank 296,124 390,952
769,837 711,506
CREDITORS
Amounts falling due within one year 7 263,656 323,874
NET CURRENT ASSETS 506,181 387,632
TOTAL ASSETS LESS CURRENT
LIABILITIES

759,762

670,187

CREDITORS
Amounts falling due after more than
one year

8

(22,454

)

-

PROVISIONS FOR LIABILITIES (29,080 ) -
NET ASSETS 708,228 670,187

Accountants Plus (Hamilton) Ltd (Registered number: SC184746)
Trading as Accountants Plus

Balance Sheet - continued
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 707,228 669,187
708,228 670,187

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.

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 2 October 2024 and were signed on its behalf by:





B J T Wood - Director


Accountants Plus (Hamilton) Ltd (Registered number: SC184746)
Trading as Accountants Plus

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

1. STATUTORY INFORMATION

Accountants Plus (Hamilton) 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill relates to the purchase of an Accountancy practice during 2018. As the value of the business is still in excess of the original amount paid we have chosen not to amortize goodwill for the time being. This will be reviewed on an annual basis

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 and 10% on cost

Financial instruments
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term creditors are measured at transaction price, less any impairment. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Cash and bank balances
Cash and bank balances are measured at the transaction price.


Accountants Plus (Hamilton) Ltd (Registered number: SC184746)
Trading as Accountants Plus

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

2. ACCOUNTING POLICIES - continued
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.

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 30 (2023 - 29 ) .

Accountants Plus (Hamilton) Ltd (Registered number: SC184746)
Trading as Accountants Plus

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023 256,252
Disposals (109,252 )
At 31 March 2024 147,000
AMORTISATION
At 1 April 2023 109,252
Charge for year 14,700
Eliminated on disposal (109,252 )
At 31 March 2024 14,700
NET BOOK VALUE
At 31 March 2024 132,300
At 31 March 2023 147,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 238,693
Additions 128,298
Disposals (135,351 )
At 31 March 2024 231,640
DEPRECIATION
At 1 April 2023 103,138
Charge for year 41,059
Eliminated on disposal (33,838 )
At 31 March 2024 110,359
NET BOOK VALUE
At 31 March 2024 121,281
At 31 March 2023 135,555

Accountants Plus (Hamilton) Ltd (Registered number: SC184746)
Trading as Accountants Plus

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 197,674 310,554
Amounts owed by participating interests 275,918 10,000
Other debtors 121 -
473,713 320,554

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 19,213 45,833
Trade creditors 33,458 13,641
Tax 88,147 111,739
VAT 102,838 151,181
Directors' current accounts - 1,480
Accrued expenses 20,000 -
263,656 323,874

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 22,454 -