IRIS Accounts Production v24.3.0.553 SC519968 director 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC5199682023-03-31SC5199682024-03-31SC5199682023-04-012024-03-31SC5199682022-03-31SC5199682022-04-012023-03-31SC5199682023-03-31SC519968ns15:Scotland2023-04-012024-03-31SC519968ns14:PoundSterling2023-04-012024-03-31SC519968ns10:Director12023-04-012024-03-31SC519968ns10:PrivateLimitedCompanyLtd2023-04-012024-03-31SC519968ns10:SmallEntities2023-04-012024-03-31SC519968ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-31SC519968ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-31SC519968ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-31SC519968ns10:FullAccounts2023-04-012024-03-31SC519968ns10:RegisteredOffice2023-04-012024-03-31SC519968ns5:CurrentFinancialInstruments2024-03-31SC519968ns5:CurrentFinancialInstruments2023-03-31SC519968ns5:Non-currentFinancialInstruments2024-03-31SC519968ns5:Non-currentFinancialInstruments2023-03-31SC519968ns5:ShareCapital2024-03-31SC519968ns5:ShareCapital2023-03-31SC519968ns5:RetainedEarningsAccumulatedLosses2024-03-31SC519968ns5:RetainedEarningsAccumulatedLosses2023-03-31SC519968ns5:PlantMachinery2023-04-012024-03-31SC519968ns5:FurnitureFittings2023-04-012024-03-31SC519968ns5:ComputerEquipment2023-04-012024-03-31SC519968ns5:PlantMachinery2023-03-31SC519968ns5:FurnitureFittings2023-03-31SC519968ns5:ComputerEquipment2023-03-31SC519968ns5:PlantMachinery2024-03-31SC519968ns5:FurnitureFittings2024-03-31SC519968ns5:ComputerEquipment2024-03-31SC519968ns5:PlantMachinery2023-03-31SC519968ns5:FurnitureFittings2023-03-31SC519968ns5:ComputerEquipment2023-03-31SC519968ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-31SC519968ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-31
REGISTERED NUMBER: SC519968 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

CLARK AITKEN LIMITED

CLARK AITKEN LIMITED (REGISTERED NUMBER: SC519968)

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


CLARK AITKEN LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTOR: C G Aitken





REGISTERED OFFICE: 5 Carden Place
Aberdeen
AB10 1UT





REGISTERED NUMBER: SC519968 (Scotland)






CLARK AITKEN LIMITED (REGISTERED NUMBER: SC519968)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,415 7,378

CURRENT ASSETS
Stocks 8,000 6,000
Debtors 5 31,651 5,097
Cash at bank 1,002 1
40,653 11,098
CREDITORS
Amounts falling due within one year 6 38,993 18,357
NET CURRENT ASSETS/(LIABILITIES) 1,660 (7,259 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,075

119

CREDITORS
Amounts falling due after more than one year 7 2,487 4,479

PROVISIONS FOR LIABILITIES 269 1,402

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 119 (5,962 )
319 (5,762 )
3,075 119

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.

CLARK AITKEN LIMITED (REGISTERED NUMBER: SC519968)

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 14 November 2024 and were signed by:





C G Aitken - Director


CLARK AITKEN LIMITED (REGISTERED NUMBER: SC519968)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Clark Aitken 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.

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.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

CLARK AITKEN LIMITED (REGISTERED NUMBER: SC519968)

Notes to the Financial Statements - continued
for the Year Ended 31 March 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 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 11,354 23,168 3,373 37,895
Additions - 639 - 639
Disposals (33 ) - - (33 )
At 31 March 2024 11,321 23,807 3,373 38,501
DEPRECIATION
At 1 April 2023 10,559 17,709 2,249 30,517
Charge for year 432 5,399 771 6,602
Eliminated on disposal (33 ) - - (33 )
At 31 March 2024 10,958 23,108 3,020 37,086
NET BOOK VALUE
At 31 March 2024 363 699 353 1,415
At 31 March 2023 795 5,459 1,124 7,378

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,398 -
Other debtors 30,253 5,097
31,651 5,097

CLARK AITKEN LIMITED (REGISTERED NUMBER: SC519968)

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 873 45
Trade creditors 4,312 283
Taxation and social security 13,336 6,311
Other creditors 20,472 11,718
38,993 18,357

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 2,487 4,479

8. ULTIMATE CONTROLLING PARTY

The controlling party is C G Aitken.