Ayrshire Trade Frames Direct Ltd SC557930 false 2023-03-01 2024-02-29 2024-02-29 The principal activity of the company is Non-specialised wholesale trade Digita Accounts Production Advanced 6.30.9574.0 true true SC557930 2023-03-01 2024-02-29 SC557930 2024-02-29 SC557930 bus:OrdinaryShareClass1 2024-02-29 SC557930 core:RetainedEarningsAccumulatedLosses 2024-02-29 SC557930 core:ShareCapital 2024-02-29 SC557930 core:CurrentFinancialInstruments 2024-02-29 SC557930 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 SC557930 core:Non-currentFinancialInstruments 2024-02-29 SC557930 core:Non-currentFinancialInstruments core:AfterOneYear 2024-02-29 SC557930 bus:SmallEntities 2023-03-01 2024-02-29 SC557930 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 SC557930 bus:FilletedAccounts 2023-03-01 2024-02-29 SC557930 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 SC557930 bus:RegisteredOffice 2023-03-01 2024-02-29 SC557930 bus:Director1 2023-03-01 2024-02-29 SC557930 bus:OrdinaryShareClass1 2023-03-01 2024-02-29 SC557930 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 SC557930 core:RetainedEarningsAccumulatedLosses 2023-03-01 2024-02-29 SC557930 core:ShareCapital 2023-03-01 2024-02-29 SC557930 countries:Scotland 2023-03-01 2024-02-29 SC557930 2023-02-28 SC557930 core:RetainedEarningsAccumulatedLosses 2023-02-28 SC557930 core:ShareCapital 2023-02-28 SC557930 2022-03-01 2023-02-28 SC557930 2023-02-28 SC557930 bus:OrdinaryShareClass1 2023-02-28 SC557930 core:CurrentFinancialInstruments 2023-02-28 SC557930 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 SC557930 core:Non-currentFinancialInstruments 2023-02-28 SC557930 core:Non-currentFinancialInstruments core:AfterOneYear 2023-02-28 SC557930 core:RetainedEarningsAccumulatedLosses 2022-03-01 2023-02-28 SC557930 core:ShareCapital 2022-03-01 2023-02-28 SC557930 2022-02-28 SC557930 core:RetainedEarningsAccumulatedLosses 2022-02-28 SC557930 core:ShareCapital 2022-02-28 iso4217:GBP xbrli:pure xbrli:shares

Registration number: SC557930

Ayrshire Trade Frames Direct Ltd

Unaudited Filleted Financial Statements

for the Year Ended 29 February 2024

 

Ayrshire Trade Frames Direct Ltd

Contents

Company Information

1

Balance Sheet

2

Statement of Changes in Equity

3

Notes to the Unaudited Financial Statements

4 to 6

Creditors

6

 

Ayrshire Trade Frames Direct Ltd

Company Information

Director

Mr JP McCormack

Registered office

Unit 37
Boundary Road
Heathfield Industrial Estate
Ayr
KA8 9DJ

Accountants

Cameron Alexander Accountants Limited
Chartered Certified Accountants
2 Western Street
Barnsley
S70 2BP

 

Ayrshire Trade Frames Direct Ltd

(Registration number: SC557930)
Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Current assets

 

Debtors

3

12,192

12,656

Cash at bank and in hand

 

9,431

19,961

 

21,623

32,617

Creditors: Amounts falling due within one year

4

(10,232)

(9,980)

Total assets less current liabilities

 

11,391

22,637

Creditors: Amounts falling due after more than one year

4

(13,096)

(23,278)

Net liabilities

 

(1,705)

(641)

Capital and reserves

 

Called up share capital

5

2

2

Retained earnings

(1,707)

(643)

Shareholders' deficit

 

(1,705)

(641)

For the financial 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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 22 November 2024
 

.........................................
Mr JP McCormack
Director

 

Ayrshire Trade Frames Direct Ltd

Statement of Changes in Equity for the Year Ended 29 February 2024

Share capital
£

Retained earnings
£

Total
£

At 1 March 2023

2

(643)

(641)

Loss for the year

-

(1,064)

(1,064)

At 29 February 2024

2

(1,707)

(1,705)

Share capital
£

Retained earnings
£

Total
£

At 1 March 2022

2

615

617

Loss for the year

-

(1,258)

(1,258)

At 28 February 2023

2

(643)

(641)

 

Ayrshire Trade Frames Direct Ltd

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

1

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

2

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 2).

 

Ayrshire Trade Frames Direct Ltd

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

3

Debtors

Current

2024
£

2023
£

Prepayments

33

33

Other debtors

12,159

12,623

 

12,192

12,656

 

Ayrshire Trade Frames Direct Ltd

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

4

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Bank loans and overdrafts

6

10,182

9,930

Accruals and deferred income

 

50

50

 

10,232

9,980

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

6

13,096

23,278

5

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

2

2

2

2

       

6

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

13,096

23,278

Current loans and borrowings

2024
£

2023
£

Bank borrowings

10,182

9,930