IRIS Accounts Production v24.2.0.383 10631391 Board of Directors Board of Directors 1.11.22 31.10.23 31.10.23 false true false false true false Ordinary 'A' Shares 1.00000 Ordinary 'B' Shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh106313912022-10-31106313912023-10-31106313912022-11-012023-10-31106313912021-10-31106313912021-11-012022-10-31106313912022-10-3110631391ns15:EnglandWales2022-11-012023-10-3110631391ns14:PoundSterling2022-11-012023-10-3110631391ns10:Director12022-11-012023-10-3110631391ns10:Director22022-11-012023-10-3110631391ns10:PrivateLimitedCompanyLtd2022-11-012023-10-3110631391ns10:SmallEntities2022-11-012023-10-3110631391ns10:AuditExemptWithAccountantsReport2022-11-012023-10-3110631391ns10:SmallCompaniesRegimeForDirectorsReport2022-11-012023-10-3110631391ns10:SmallCompaniesRegimeForAccounts2022-11-012023-10-3110631391ns10:FullAccounts2022-11-012023-10-3110631391ns10:OrdinaryShareClass12022-11-012023-10-3110631391ns10:OrdinaryShareClass22022-11-012023-10-3110631391ns10:RegisteredOffice2022-11-012023-10-3110631391ns5:CurrentFinancialInstruments2023-10-3110631391ns5:CurrentFinancialInstruments2022-10-3110631391ns5:Non-currentFinancialInstruments2023-10-3110631391ns5:Non-currentFinancialInstruments2022-10-3110631391ns5:ShareCapital2023-10-3110631391ns5:ShareCapital2022-10-3110631391ns5:RetainedEarningsAccumulatedLosses2023-10-3110631391ns5:RetainedEarningsAccumulatedLosses2022-10-3110631391ns5:FurnitureFittings2022-11-012023-10-3110631391ns5:ComputerEquipment2022-11-012023-10-3110631391ns5:FurnitureFittings2022-10-3110631391ns5:ComputerEquipment2022-10-3110631391ns5:FurnitureFittings2023-10-3110631391ns5:ComputerEquipment2023-10-3110631391ns5:FurnitureFittings2022-10-3110631391ns5:ComputerEquipment2022-10-3110631391ns5:WithinOneYearns5:CurrentFinancialInstruments2023-10-3110631391ns5:WithinOneYearns5:CurrentFinancialInstruments2022-10-3110631391ns10:OrdinaryShareClass12023-10-3110631391ns10:OrdinaryShareClass22023-10-3110631391ns10:Director222022-10-3110631391ns10:Director222021-10-3110631391ns10:Director222022-11-012023-10-3110631391ns10:Director222021-11-012022-10-3110631391ns10:Director222023-10-3110631391ns10:Director222022-10-31106313911ns10:Director12022-10-31106313911ns10:Director12021-10-31106313911ns10:Director12022-11-012023-10-31106313911ns10:Director12021-11-012022-10-31106313911ns10:Director12023-10-31106313911ns10:Director12022-10-31
REGISTERED NUMBER: 10631391 (England and Wales)















FINLAYSON (UK) LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023






FINLAYSON (UK) LIMITED (REGISTERED NUMBER: 10631391)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Report of the Accountants 7

FINLAYSON (UK) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: Mrs I D Finlayson
D L Finlayson





REGISTERED OFFICE: Whitby Court
Abbey Road
Shepley
HUDDERSFIELD
West Yorkshire
HD8 8EL





REGISTERED NUMBER: 10631391 (England and Wales)





ACCOUNTANTS: FINLAYSON & CO
Whitby Court
Abbey Road
Shepley
HUDDERSFIELD
West Yorkshire
HD8 8EL

FINLAYSON (UK) LIMITED (REGISTERED NUMBER: 10631391)

STATEMENT OF FINANCIAL POSITION
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 68,969 55,084

CURRENT ASSETS
Inventories 43,750 28,250
Debtors 5 163,019 136,261
Cash at bank 21,923 26,408
228,692 190,919
CREDITORS
Amounts falling due within one year 6 166,569 121,098
NET CURRENT ASSETS 62,123 69,821
TOTAL ASSETS LESS CURRENT
LIABILITIES

131,092

124,905

CREDITORS
Amounts falling due after more than one
year

7

15,792

22,547
NET ASSETS 115,300 102,358

CAPITAL AND RESERVES
Called up share capital 8 105 105
Retained earnings 115,195 102,253
SHAREHOLDERS' FUNDS 115,300 102,358

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

FINLAYSON (UK) LIMITED (REGISTERED NUMBER: 10631391)

STATEMENT OF FINANCIAL POSITION - continued
31 OCTOBER 2023


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 Board of Directors and authorised for issue on 25 October 2024 and were signed on its behalf by:




Mrs I D Finlayson - Director



D L Finlayson - Director


FINLAYSON (UK) LIMITED (REGISTERED NUMBER: 10631391)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

FINLAYSON (UK) LIMITED is a private company, limited by shares , registered in England and Wales. 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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover
Revenue 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.
Fixtures and Fittings - 20% on cost and 20% on reducing balance
Computer Equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

FINLAYSON (UK) LIMITED (REGISTERED NUMBER: 10631391)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

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 10 (2022 - 11 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Computer
Fittings Equipment Totals
£    £    £   
COST
At 1 November 2022 57,546 60,898 118,444
Additions 25,071 3,725 28,796
At 31 October 2023 82,617 64,623 147,240
DEPRECIATION
At 1 November 2022 30,895 32,465 63,360
Charge for year 7,300 7,611 14,911
At 31 October 2023 38,195 40,076 78,271
NET BOOK VALUE
At 31 October 2023 44,422 24,547 68,969
At 31 October 2022 26,651 28,433 55,084

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 92,048 86,390
Other debtors 70,971 49,871
163,019 136,261

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,478 9,703
Trade creditors 13,926 2,722
Taxation and social security 116,275 82,792
Other creditors 26,890 25,881
166,569 121,098

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 15,792 22,547

FINLAYSON (UK) LIMITED (REGISTERED NUMBER: 10631391)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary 'A' Shares £1 100 100
5 Ordinary 'B' Shares £1 5 5
105 105

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2023 and 31 October 2022:

2023 2022
£    £   
D L Finlayson
Balance outstanding at start of year 10,261 9,965
Amounts advanced 4,325 9,867
Amounts repaid (10,261 ) (9,571 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,325 10,261

Mrs I D Finlayson
Balance outstanding at start of year 10,260 9,966
Amounts advanced 4,324 9,866
Amounts repaid (10,260 ) (9,572 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,324 10,260

FINLAYSON (UK) LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
FINLAYSON (UK) LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 31 October 2023 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






FINLAYSON & CO
Whitby Court
Abbey Road
Shepley
HUDDERSFIELD
West Yorkshire
HD8 8EL


25 October 2024