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REGISTERED NUMBER: SC659019 (Scotland)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

A AND A PAISLEY LTD

A AND A PAISLEY LTD (REGISTERED NUMBER: SC659019)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A AND A PAISLEY LTD

COMPANY INFORMATION
for the Year Ended 30 April 2024







DIRECTOR: G McCaw





REGISTERED OFFICE: Unit 11
Mossedge Industrial Estate
Moss Road, Linwood
Paisley
PA3 3HR





REGISTERED NUMBER: SC659019 (Scotland)





ACCOUNTANTS: Kean Jarman & Company
Chartered Accountants
27 Ingram Street
Glasgow
G1 1HA

A AND A PAISLEY LTD (REGISTERED NUMBER: SC659019)

BALANCE SHEET
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 357,131 200,075

CURRENT ASSETS
Stocks 14,523 11,058
Debtors 5 166,084 134,231
Cash at bank and in hand 20,023 24,668
200,630 169,957
CREDITORS
Amounts falling due within one year 6 267,277 177,395
NET CURRENT LIABILITIES (66,647 ) (7,438 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

290,484

192,637

CREDITORS
Amounts falling due after more than one year 7 (52,601 ) (33,795 )

PROVISIONS FOR LIABILITIES (73,833 ) (40,570 )
NET ASSETS 164,050 118,272

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 164,049 118,271
164,050 118,272

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

A AND A PAISLEY LTD (REGISTERED NUMBER: SC659019)

BALANCE SHEET - continued
30 April 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 14 November 2024 and were signed by:





G McCaw - Director


A AND A PAISLEY LTD (REGISTERED NUMBER: SC659019)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

A and A Paisley 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 10% on cost
Plant and machinery - 25% on cost
Motor vehicles - 33% on cost
Computer equipment - 25% on cost

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
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 profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

A AND A PAISLEY LTD (REGISTERED NUMBER: SC659019)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

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 30 (2023 - 21 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 24,125 140,815 110,487 12,325 287,752
Additions 31,115 121,588 87,356 1,276 241,335
At 30 April 2024 55,240 262,403 197,843 13,601 529,087
DEPRECIATION
At 1 May 2023 2,662 41,043 40,186 3,786 87,677
Charge for year 4,170 40,243 36,599 3,267 84,279
At 30 April 2024 6,832 81,286 76,785 7,053 171,956
NET BOOK VALUE
At 30 April 2024 48,408 181,117 121,058 6,548 357,131
At 30 April 2023 21,463 99,772 70,301 8,539 200,075

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 May 2023 74,116
Additions 87,356
At 30 April 2024 161,472
DEPRECIATION
At 1 May 2023 13,925
Charge for year 29,325
At 30 April 2024 43,250
NET BOOK VALUE
At 30 April 2024 118,222
At 30 April 2023 60,191

A AND A PAISLEY LTD (REGISTERED NUMBER: SC659019)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 34,546 44,947
Other debtors 131,538 89,284
166,084 134,231

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Hire purchase contracts 45,252 22,245
Trade creditors 112,332 85,683
Taxation and social security 46,296 7,456
Other creditors 63,397 62,011
267,277 177,395

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Hire purchase contracts 52,601 33,795

8. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Hire purchase contracts 97,853 56,040

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
G McCaw
Balance outstanding at start of year 22,600 -
Amounts advanced 76,702 22,600
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 99,302 22,600

At 30/04/2024, an amount of £99,302 is owed to the company by the director, Mr G McCaw. The loan is repaid in full by 31/10/2024.