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REGISTERED NUMBER: SC508935 (Scotland)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

TJ Alloa Limited

TJ Alloa Limited (Registered number: SC508935)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


TJ Alloa Limited (Registered number: SC508935)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 5,807 10,161
Tangible assets 5 37,666 51,197
43,473 61,358

CURRENT ASSETS
Stocks 17,122 18,065
Debtors 6 87,927 353,321
Cash at bank and in hand 81,714 43,533
186,763 414,919
CREDITORS
Amounts falling due within one year 7 (125,291 ) (387,343 )
NET CURRENT ASSETS 61,472 27,576
TOTAL ASSETS LESS CURRENT
LIABILITIES

104,945

88,934

CREDITORS
Amounts falling due after more than one
year

8

(17,500

)

(27,500

)

PROVISIONS FOR LIABILITIES (4,831 ) (7,695 )
NET ASSETS 82,614 53,739

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 82,514 53,639
82,614 53,739

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

TJ Alloa Limited (Registered number: SC508935)

Balance Sheet - continued
29 February 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 21 November 2024 and were signed by:





Mr D Thomson - Director


TJ Alloa Limited (Registered number: SC508935)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

TJ Alloa Limited is a private company, limited by shares, domiciled in Scotland, registration number SC508935. The registered office is Unit 5, Gateway Business Park, Beancross Road, Grangemouth FK3 8WX.

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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with group members.

Turnover
Turnover represents net invoiced sales of goods and services in respect of preparation and sale of butchery products, excluding value added tax. Sales are recognised at the point at which the goods are delivered or the service is complete.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 10% on cost
Plant and machinery etc - 25% on cost

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is represented by purchase price.

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.


TJ Alloa Limited (Registered number: SC508935)

Notes to the Financial Statements - continued
for the Year Ended 29 February 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.

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.

Provisions
Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 17 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 43,542
AMORTISATION
At 1 March 2023 33,381
Charge for year 4,354
At 29 February 2024 37,735
NET BOOK VALUE
At 29 February 2024 5,807
At 28 February 2023 10,161

TJ Alloa Limited (Registered number: SC508935)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 March 2023
and 29 February 2024 20,763 71,974 92,737
DEPRECIATION
At 1 March 2023 344 41,196 41,540
Charge for year 2,076 11,455 13,531
At 29 February 2024 2,420 52,651 55,071
NET BOOK VALUE
At 29 February 2024 18,343 19,323 37,666
At 28 February 2023 20,419 30,778 51,197

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 944 2,891
Amounts owed by group undertakings 73,560 46,287
Amounts owed by related parties - 292,970
Other debtors 13,423 11,173
87,927 353,321

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 33,989 39,367
Amounts owed to group undertakings - 263,885
Taxation and social security 70,921 47,502
Other creditors 10,381 26,589
125,291 387,343

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans 17,500 27,500

9. RELATED PARTY DISCLOSURES

The balance of the amounts owed by related parties at 29th February 2024 is £413,970 (2023 : £292,970).

TJ Alloa Limited (Registered number: SC508935)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

10. ULTIMATE PARENT ENTITY

The company's ultimate parent company is TJ 1861 Ltd, a company registered in Scotland. The financial statements of TJ 1861 Ltd can be obtained from Companies House and its registered office is Unit 5 Gateway Business Park, Beancross Road, Grangemouth, FK3 8WX.