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REGISTERED NUMBER: SC536532 (Scotland)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

A&A SPITTAL LIMITED

A&A SPITTAL LIMITED (REGISTERED NUMBER: SC536532)






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


A&A SPITTAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: A H Spittal





REGISTERED OFFICE: Berryhill Farm
Auchinleck
Ayrshire
KA18 2NB





REGISTERED NUMBER: SC536532 (Scotland)





ACCOUNTANTS: Henry Brown & Co
Chartered Accountants
26 Portland Road
Kilmarnock
Ayrshire
KA1 2EB

A&A SPITTAL LIMITED (REGISTERED NUMBER: SC536532)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 187,157 185,451

CURRENT ASSETS
Stocks 39,384 34,330
Debtors 5 326,381 237,235
Cash at bank and in hand 369,760 460,253
735,525 731,818
CREDITORS
Amounts falling due within one year 6 204,320 237,253
NET CURRENT ASSETS 531,205 494,565
TOTAL ASSETS LESS CURRENT
LIABILITIES

718,362

680,016

CREDITORS
Amounts falling due after more than one
year

7

(24,167

)

(34,167

)

PROVISIONS FOR LIABILITIES (40,747 ) (39,546 )
NET ASSETS 653,448 606,303

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 653,447 606,302
653,448 606,303

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.

A&A SPITTAL LIMITED (REGISTERED NUMBER: SC536532)

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 4 July 2024 and were signed by:





A H Spittal - Director


A&A SPITTAL LIMITED (REGISTERED NUMBER: SC536532)

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

1. STATUTORY INFORMATION

A&A Spittal Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The financial statements relate to a single company.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 10% on cost
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

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.

A&A SPITTAL LIMITED (REGISTERED NUMBER: SC536532)

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

2. ACCOUNTING POLICIES - continued

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 20 (2022 - 20 ) .

4. TANGIBLE FIXED ASSETS
Long Plant and Motor Computer
leasehold machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2022 20,889 64,063 234,416 967 320,335
Additions - 26,750 46,200 - 72,950
Disposals - (17,567 ) (14,948 ) - (32,515 )
At 31 October 2023 20,889 73,246 265,668 967 360,770
DEPRECIATION
At 1 November 2022 10,445 17,529 106,173 737 134,884
Charge for year 2,088 16,932 42,195 58 61,273
Eliminated on disposal - (12,009 ) (10,535 ) - (22,544 )
At 31 October 2023 12,533 22,452 137,833 795 173,613
NET BOOK VALUE
At 31 October 2023 8,356 50,794 127,835 172 187,157
At 31 October 2022 10,444 46,534 128,243 230 185,451

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 125,755 79,530
Other debtors 200,626 157,705
326,381 237,235

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 79,713 152,502
Taxation and social security 30,959 23,115
Other creditors 83,648 51,636
204,320 237,253

A&A SPITTAL LIMITED (REGISTERED NUMBER: SC536532)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 24,167 34,167

8. RELATED PARTY DISCLOSURES

During the year the company received haulage services from Spittal Haulage Scotland Limited, a company in which A Spittal is a director, the value of these services was £185,646 (2022 - £237,588) . At the year end date A&A Spittal Limited owed £31,635 (2022: £60,000) to Spittal Haulage Scotland Limited.