Company Registration No. SC295460 (Scotland)
Arran Estate Agents Ltd.
Unaudited accounts
for the year ended 29 February 2024
Arran Estate Agents Ltd.
Unaudited accounts
Contents
Arran Estate Agents Ltd.
Company Information
for the year ended 29 February 2024
Company Number
SC295460 (Scotland)
Registered Office
INVERCLOY HOUSE
BRODICK
ISLE OF ARRAN
KA27 8AJ
Accountants
Arran Accountancy Limited
Alexanders
Brodick
Isle of Arran
KA27 8HF
Arran Estate Agents Ltd.
Statement of financial position
as at 29 February 2024
Intangible assets
15,000
22,500
Tangible assets
16,375
14,192
Cash at bank and in hand
80,158
147,375
Creditors: amounts falling due within one year
(35,324)
(56,618)
Net current assets
83,465
113,283
Total assets less current liabilities
114,840
149,975
Creditors: amounts falling due after more than one year
(8,000)
(18,000)
Provisions for liabilities
Deferred tax
(4,094)
(2,697)
Net assets
102,746
129,278
Called up share capital
2
2
Profit and loss account
102,744
129,276
Shareholders' funds
102,746
129,278
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 November 2024 and were signed on its behalf by
Robert Brass
Director
Company Registration No. SC295460
Arran Estate Agents Ltd.
Notes to the Accounts
for the year ended 29 February 2024
Arran Estate Agents Ltd. is a private company, limited by shares, registered in Scotland, registration number SC295460. The registered office is INVERCLOY HOUSE, BRODICK, ISLE OF ARRAN, KA27 8AJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% on reducing balance
Fixtures & fittings
15% on reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
At 29 February 2024
150,000
At 29 February 2024
135,000
At 29 February 2024
15,000
At 28 February 2023
22,500
Arran Estate Agents Ltd.
Notes to the Accounts
for the year ended 29 February 2024
5
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2023
22,421
16,091
10,481
48,993
At 29 February 2024
22,421
16,091
15,793
54,305
At 1 March 2023
15,748
9,561
9,492
34,801
Charge for the year
1,204
980
945
3,129
At 29 February 2024
16,952
10,541
10,437
37,930
At 29 February 2024
5,469
5,550
5,356
16,375
At 28 February 2023
6,673
6,530
989
14,192
Amounts falling due within one year
Trade debtors
19,529
17,787
Accrued income and prepayments
307
619
Other debtors
18,795
4,120
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
8,000
8,000
Trade creditors
4,292
5,872
Taxes and social security
14,731
24,159
8
Creditors: amounts falling due after more than one year
2024
2023
9
Average number of employees
During the year the average number of employees was 5 (2023: 5).