IRIS Accounts Production v24.3.0.553 SC284887 Board of Directors Board of Directors 1.7.23 30.6.24 30.6.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC2848872023-06-30SC2848872024-06-30SC2848872023-07-012024-06-30SC2848872022-06-30SC2848872022-07-012023-06-30SC2848872023-06-30SC284887ns15:Scotland2023-07-012024-06-30SC284887ns14:PoundSterling2023-07-012024-06-30SC284887ns10:Director12023-07-012024-06-30SC284887ns10:Director22023-07-012024-06-30SC284887ns10:PrivateLimitedCompanyLtd2023-07-012024-06-30SC284887ns10:SmallEntities2023-07-012024-06-30SC284887ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-30SC284887ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-30SC284887ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-30SC284887ns10:FullAccounts2023-07-012024-06-30SC284887ns5:CurrentFinancialInstruments2024-06-30SC284887ns5:CurrentFinancialInstruments2023-06-30SC284887ns5:ShareCapital2024-06-30SC284887ns5:ShareCapital2023-06-30SC284887ns5:RetainedEarningsAccumulatedLosses2024-06-30SC284887ns5:RetainedEarningsAccumulatedLosses2023-06-30SC284887ns5:PlantMachinery2023-07-012024-06-30SC284887ns5:MotorVehicles2023-07-012024-06-30SC284887ns5:ComputerEquipment2023-07-012024-06-30SC284887ns5:PlantMachinery2023-06-30SC284887ns5:MotorVehicles2023-06-30SC284887ns5:ComputerEquipment2023-06-30SC284887ns5:PlantMachinery2024-06-30SC284887ns5:MotorVehicles2024-06-30SC284887ns5:ComputerEquipment2024-06-30SC284887ns5:PlantMachinery2023-06-30SC284887ns5:MotorVehicles2023-06-30SC284887ns5:ComputerEquipment2023-06-30SC284887ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-30SC284887ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-30
REGISTERED NUMBER: SC284887 (Scotland)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Alexander & Co Scotland Limited

Alexander & Co Scotland Limited (Registered number: SC284887)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


Alexander & Co Scotland Limited (Registered number: SC284887)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,612 36,383

CURRENT ASSETS
Stocks 212,955 212,955
Debtors 5 117,995 135,820
Cash at bank 82,219 48,437
413,169 397,212
CREDITORS
Amounts falling due within one year 6 (20,428 ) (26,927 )
NET CURRENT ASSETS 392,741 370,285
TOTAL ASSETS LESS CURRENT
LIABILITIES

395,353

406,668

PROVISIONS FOR LIABILITIES - (8,539 )
NET ASSETS 395,353 398,129

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 395,351 398,127
SHAREHOLDERS' FUNDS 395,353 398,129

Alexander & Co Scotland Limited (Registered number: SC284887)

Balance Sheet - continued
30 June 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 28 October 2024 and were signed on its behalf by:




Mr C M Alexander - Director



Mr A A Farmer - Director


Alexander & Co Scotland Limited (Registered number: SC284887)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Alexander & Co Scotland Limited is a private company, limited by shares, domiciled in Scotland, registration number SC284887. The registered office is Algo Business Centre, Glenearn Road, Perth, PH2 0NJ.

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 receivable for the provision of construction services, excluding value added tax.

Profit is recognised on long-term contracts if the final outcome can be assessed with reasonable certainty, by including in the profit and loss account turnover and related costs as the contract activity progresses. Turnover is calculated as that proportion of total contract value which costs to date bear to total expected costs for that contract.

Tangible fixed assets and depreciation
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 and 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is represented by purchase price.

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.

Alexander & Co Scotland Limited (Registered number: SC284887)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account 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.

Provisions
Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

Long term contracts
Amounts recoverable on long term contracts, which are included in debtors, are stated at the net sales value of the work done after provision for contingencies and anticipated future losses on contracts, less amounts received as progress payments on account. Excess progress payments are included in creditors as payments on account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2023 152,693 46,617 544 199,854
Disposals (90,500 ) - - (90,500 )
At 30 June 2024 62,193 46,617 544 109,354
DEPRECIATION
At 1 July 2023 121,308 41,619 544 163,471
Charge for year 6,276 4,998 - 11,274
Eliminated on disposal (68,003 ) - - (68,003 )
At 30 June 2024 59,581 46,617 544 106,742
NET BOOK VALUE
At 30 June 2024 2,612 - - 2,612
At 30 June 2023 31,385 4,998 - 36,383

Alexander & Co Scotland Limited (Registered number: SC284887)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Amounts owed by related parties 69,334 88,260
Amounts recoverable on contract 44,726 44,726
Other debtors 3,935 2,834
117,995 135,820

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 328 4,431
Taxation and social security 5,267 7,663
Other creditors 14,833 14,833
20,428 26,927

7. RELATED PARTY DISCLOSURES

Amounts owed by related parties: £69,334 (2023: £88,260)
Purchases from related parties: £12,347 (2023: £73,150)
Sales to related parties: £13,580 (2023: £104,203)