1 February 2023 v2024.53.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwaretruetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBPSC6190302023-02-012024-01-31SC6190302024-01-31SC6190302023-01-31SC619030core:WithinOneYear2024-01-31SC619030core:WithinOneYear2023-01-31SC619030core:ShareCapital2024-01-31SC619030core:ShareCapital2023-01-31SC619030core:RetainedEarningsAccumulatedLosses2024-01-31SC619030core:RetainedEarningsAccumulatedLosses2023-01-31SC619030bus:Director12023-02-012024-01-31SC619030core:OfficeEquipment2023-02-012024-01-31SC619030core:PlantMachinery2024-01-31SC619030core:PlantMachinery2023-02-01SC619030core:PlantMachinery2023-02-012024-01-31SC619030core:PlantMachinery2023-01-31SC61903012023-02-012024-01-31SC619030countries:Scotland2023-02-012024-01-31SC619030bus:AuditExemptWithAccountantsReport2023-02-012024-01-31SC619030bus:PrivateLimitedCompanyLtd2023-02-012024-01-31SC619030bus:SmallEntities2023-02-012024-01-31SC619030bus:FullAccounts2023-02-012024-01-31
Company registration number:
SC619030
Bothy Brothers Limited
Unaudited Filleted Financial Statements for the year ended
31 January 2024
Bothy Brothers Limited
Report to the board of directors on the preparation of the unaudited statutory financial statements of Bothy Brothers Limited
Year ended
31 January 2024
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the
financial statements
of
Bothy Brothers Limited
for the year ended
31 January 2024
which comprise the income statement, statement of financial position and related notes from the company’s accounting records and from information and explanations you have given me.
As a practising member of the ICAS, I am subject to its ethical and other professional requirements which are detailed at http://www.icas.com/​accountspreparationguidance.
This report is made solely to the Board of Directors of
Bothy Brothers Limited
, as a body. My work has been undertaken solely to prepare for your approval the
financial statements
of
Bothy Brothers Limited
and state those matters that I have agreed to state to the Board of Directors of
Bothy Brothers Limited
, as a body, in this report in accordance with the requirements of the ICAS as detailed at http://www.icas.com/​accountspreparationguidance. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than
Bothy Brothers Limited
and its Board of Directors, as a body, for my work or for this report.
It is your duty to ensure that
Bothy Brothers Limited
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 loss of
Bothy Brothers Limited
. You consider that
Bothy Brothers Limited
is exempt from the statutory audit requirement for the year.
I have not been instructed to carry out an audit or a review of the financial statements of Bothy Brothers Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.
DBFM
The Stables Studio
Hopetoun House
South Queensferry
West Lothian
EH30 9SL
United Kingdom
Date:
29 October 2024
Bothy Brothers Limited
Statement of Financial Position
31 January 2024
20242023
Note££
Fixed assets    
Tangible assets 4 -  
500
 
Current assets    
Cash at bank and in hand
11,589
 
11,589
 
Creditors: amounts falling due within one year 5
(7,936
)
(6,796
)
Net current assets
3,653
 
4,793
 
Total assets less current liabilities 3,653   5,293  
Capital and reserves    
Called up share capital
2
 
2
 
Profit and loss account
3,651
 
5,291
 
Shareholders funds
3,653
 
5,293
 
No significant accounting transactions as defined by section 1169 of the Companies Act 2006 occurred in the current year.
For the year ending
31 January 2024
, the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
Directors' responsibilities:
  • 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;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
29 October 2024
, and are signed on behalf of the board by:
David Martin
Director
Company registration number:
SC619030
Bothy Brothers Limited
Notes to the Financial Statements
Year ended
31 January 2024

1 General information

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Income Statement

The company is dormant as defined in section 1169 of the Companies Act 2006. The company incurred no significant transactions during the current year.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Office equipment
25% straight line

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.

4 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 February 2023
and
31 January 2024
2,003
 
Depreciation  
At
1 February 2023
1,503
 
Charge
500
 
At
31 January 2024
2,003
 
Carrying amount  
At
31 January 2024
-  
At 31 January 2023
500
 

5 Creditors: amounts falling due within one year

20242023
££
Trade creditors
1,440
 
421
 
Other creditors
6,496
 
6,375
 
7,936
 
6,796