THE AARSKOG FOUNDATION LTD

Company Registration Number:
SC558349 (Scotland)

Unaudited statutory accounts for the year ended 28 February 2024

Period of accounts

Start date: 01 March 2023

End date: 28 February 2024

THE AARSKOG FOUNDATION LTD

Contents of the Financial Statements

for the Period Ended 28 February 2024

Company Information - 3
Profit and Loss Account - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 10

THE AARSKOG FOUNDATION LTD

Company Information

for the Period Ended 28 February 2024




Registered office: Wilton
Breadalbine Street
Tobermory
Isle Of Mull
GB-SCT
PA75 6PX
Company Registration Number: SC558349 (Scotland)

THE AARSKOG FOUNDATION LTD

Profit and Loss Account

for the Period Ended 28 February 2024


Notes

2024
£

2023
£
Turnover 2,088 3,447
Gross Profit or (Loss) 2,088 3,447
Administrative Expenses ( 312 ) ( 2,436 )
Operating Profit or (Loss) 1,776 1,011
Profit or (Loss) Before Tax 1,776 1,011
Profit or (Loss) for Period 1,776 1,011

The notes form part of these financial statements

THE AARSKOG FOUNDATION LTD

Balance sheet

As at 28 February 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 4 0 404
Total fixed assets: 0 404
Current assets
Cash at bank and in hand: 2,189 217
Total current assets: 2,189 217
Net current assets (liabilities): 2,189 217
Total assets less current liabilities: 2,189 621
Creditors: amounts falling due after more than one year: 5 ( 1,125 ) ( 1,333 )
Total net assets (liabilities): 1,064 ( 712 )

The notes form part of these financial statements

THE AARSKOG FOUNDATION LTD

Balance sheet continued

As at 28 February 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 1,063 ( 713 )
Shareholders funds: 1,064 ( 712 )

For the year ending 28 February 2024 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 31 August 2024
And Signed On Behalf Of The Board By:

Name: Michelle Erskine
Status: Director

The notes form part of these financial statements

THE AARSKOG FOUNDATION LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    The financial statements have been prepared under historical cost convention with recognised at cost or transaction value unless otherwise stated.

    The financial statements have been prepared in accordance with the requirements of the Charities & Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended) as well as Companies Act 2006, and the Statement of Recommended Practice. Accounting and reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102).

THE AARSKOG FOUNDATION LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 0 0

THE AARSKOG FOUNDATION LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

  • 3. Off balance sheet disclosure

    No

THE AARSKOG FOUNDATION LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

4. Tangible assets

Office equipment Total
Cost £ £
At 01 March 2023 2,639 2,639
Additions - -
Disposals - -
Revaluations - -
Transfers - -
At 28 February 2024 2,639 2,639
Depreciation
At 01 March 2023 2,235 2,235
Charge for year 404 404
On disposals - -
Other adjustments - -
At 28 February 2024 2,639 2,639
Net book value
At 28 February 2024 0 0
At 28 February 2023 404 404

THE AARSKOG FOUNDATION LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

5.Creditors: amounts falling due after more than one year


2024
£

2023
£
Other creditors 1,125 1,333
Total 1,125 1,333

trustees loan account