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REGISTERED NUMBER: SC296275 (Scotland)













Unaudited Financial Statements

for the Year Ended 31 March 2024

for

ALLAN M TOD (RUTHERGLEN) LTD.

ALLAN M TOD (RUTHERGLEN) LTD. (REGISTERED NUMBER: SC296275)






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


ALLAN M TOD (RUTHERGLEN) LTD.

Company Information
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: S M Shafiq





REGISTERED OFFICE: 6th Floor, Gordon Chambers
90 Mitchell Street
Glasgow
United Kingdom
G1 3NQ





REGISTERED NUMBER: SC296275 (Scotland)





ACCOUNTANTS: BK Plus Ltd
6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
Lanarkshire
G1 3NQ

ALLAN M TOD (RUTHERGLEN) LTD. (REGISTERED NUMBER: SC296275)

Balance Sheet
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,499 6,015

CURRENT ASSETS
Stocks 25,400 20,250
Debtors 5 65,622 95,070
Cash in hand 100 100
91,122 115,420
CREDITORS
Amounts falling due within one year 6 117,796 122,834
NET CURRENT LIABILITIES (26,674 ) (7,414 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(22,175

)

(1,399

)

CREDITORS
Amounts falling due after more than one
year

7

15,299

22,753
NET LIABILITIES (37,474 ) (24,152 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (37,574 ) (24,252 )
SHAREHOLDERS' FUNDS (37,474 ) (24,152 )

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 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.

ALLAN M TOD (RUTHERGLEN) LTD. (REGISTERED NUMBER: SC296275)

Balance Sheet - continued
31 MARCH 2024


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 6 November 2024 and were signed by:





S M Shafiq - Director


ALLAN M TOD (RUTHERGLEN) LTD. (REGISTERED NUMBER: SC296275)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Allan M Tod (Rutherglen) 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.

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


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.

The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future. The company's liabilities exceeded its assets by £37,474 at 31 March 2024 (2023 - £24,152). The company is thus dependent on the continued financial support of its creditors. The director is confident of this continuing support and of the company's long term trading prospects and on this basis considers it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from the withdrawal of financial support.

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.
Plant and machinery - 20% on a straight line basis
Fixtures and fittings - 20% on a straight line basis
Computer equipment - 33% on a straight line basis

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.


ALLAN M TOD (RUTHERGLEN) LTD. (REGISTERED NUMBER: SC296275)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 26,265 80,493 1,625 108,383
DEPRECIATION
At 1 April 2023 20,268 80,492 1,608 102,368
Charge for year 1,499 - 17 1,516
At 31 March 2024 21,767 80,492 1,625 103,884
NET BOOK VALUE
At 31 March 2024 4,498 1 - 4,499
At 31 March 2023 5,997 1 17 6,015

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 13,221 12,281
Other debtors 52,401 82,789
65,622 95,070

ALLAN M TOD (RUTHERGLEN) LTD. (REGISTERED NUMBER: SC296275)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 16,923 14,417
Trade creditors 15,389 29,796
Amounts owed to associates 48,700 38,000
Taxation and social security 1,122 3,718
Other creditors 35,662 36,903
117,796 122,834

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 15,299 22,753

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 8,519 8,519
Between one and five years 7,300 15,819
15,819 24,338

9. RELATED PARTY DISCLOSURES

At 31 March 2024, the company was owed £50,867 (2023: £77,512) by companies under common directorship.

At 31 March 2024, the company owed £48,700 (2023: £38,000) to companies under common directorship.