Company registration number SC191041 (Scotland)
ARDENLOCH LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
ARDENLOCH LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
ARDENLOCH LIMITED
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
3
1,164
1,309
Tangible assets
4
122,768
147,030
123,932
148,339
Current assets
Stocks
15,000
15,000
Debtors
5
42,908
47,347
Cash at bank and in hand
9,680
18,064
67,588
80,411
Creditors: amounts falling due within one year
6
(95,518)
(84,823)
Net current liabilities
(27,930)
(4,412)
Total assets less current liabilities
96,002
143,927
Creditors: amounts falling due after more than one year
7
(27,924)
(63,361)
Provisions for liabilities
(17,009)
(14,886)
Net assets
51,069
65,680
Capital and reserves
Called up share capital
198
198
Profit and loss reserves
50,871
65,482
Total equity
51,069
65,680

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 of the Companies Act 2006.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

ARDENLOCH LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2024
31 March 2024
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 27 November 2024
Mr S Fairley
Director
ARDENLOCH LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -
1
Accounting policies
Company information

Ardenloch Limited is a private company limited by shares incorporated in Scotland. The company's registered number and registered office address can be found on the Company Information page.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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 £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

The turnover shown in the profit and loss account represents revenue recognised by the company in respect of goods and services supplied during the period, exclusive of Value Added Tax and any trade discounts if appropriate.

1.3
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

 

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Website
10% straight line
1.4
Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold land and buildings
2%  straight line
Plant and equipment
33% straight line and 25% reducing balance
Motor vehicles
25% reducing balance
1.5
Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

1.6
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.

ARDENLOCH LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 4 -
Current tax

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reserved 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 law that have been enacted or substantively enacted by the period 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.

1.7
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.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
6
5
3
Intangible fixed assets
Website
£
Cost
At 1 April 2023 and 31 March 2024
1,454
Amortisation and impairment
At 1 April 2023
145
Amortisation charged for the year
145
At 31 March 2024
290
Carrying amount
At 31 March 2024
1,164
At 31 March 2023
1,309
ARDENLOCH LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 5 -
4
Tangible fixed assets
Freehold land and buildings
Plant and equipment
Motor vehicles
Total
£
£
£
£
Cost
At 1 April 2023 and 31 March 2024
40,000
140,613
34,084
214,697
Depreciation and impairment
At 1 April 2023
3,200
47,072
17,395
67,667
Depreciation charged in the year
800
19,290
4,172
24,262
At 31 March 2024
4,000
66,362
21,567
91,929
Carrying amount
At 31 March 2024
36,000
74,251
12,517
122,768
At 31 March 2023
36,800
93,541
16,689
147,030
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
42,908
47,347
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
14,406
14,063
Obligations under finance leases
21,543
20,057
Other borrowings
18
6,390
Trade creditors
32,827
29,786
Corporation tax
22,307
4,879
Other taxation and social security
22
6,928
Other creditors
1,752
200
Accruals and deferred income
2,643
2,520
95,518
84,823
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
15,928
29,822
Obligations under finance leases
11,996
33,539
27,924
63,361
2024-03-312023-04-01false27 November 2024CCH SoftwareCCH Accounts Production 2024.210No description of principal activityMr S FairleyA D McleanfalsefalseSC1910412023-04-012024-03-31SC1910412024-03-31SC1910412023-03-31SC191041core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill2024-03-31SC191041core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill2023-03-31SC191041core:LandBuildingscore:OwnedOrFreeholdAssets2024-03-31SC191041core:PlantMachinery2024-03-31SC191041core:MotorVehicles2024-03-31SC191041core:LandBuildingscore:OwnedOrFreeholdAssets2023-03-31SC191041core:PlantMachinery2023-03-31SC191041core:MotorVehicles2023-03-31SC191041core:CurrentFinancialInstruments2024-03-31SC191041core:CurrentFinancialInstruments2023-03-31SC191041core:Non-currentFinancialInstruments2024-03-31SC191041core:Non-currentFinancialInstruments2023-03-31SC191041core:ShareCapital2024-03-31SC191041core:ShareCapital2023-03-31SC191041core:RetainedEarningsAccumulatedLosses2024-03-31SC191041core:RetainedEarningsAccumulatedLosses2023-03-31SC191041bus:Director12023-04-012024-03-31SC191041core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-31SC191041core:LandBuildingscore:OwnedOrFreeholdAssets2023-04-012024-03-31SC191041core:PlantMachinery2023-04-012024-03-31SC191041core:MotorVehicles2023-04-012024-03-31SC1910412022-04-012023-03-31SC191041core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill2023-03-31SC191041core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill2023-04-012024-03-31SC191041core:LandBuildingscore:OwnedOrFreeholdAssets2023-03-31SC191041core:PlantMachinery2023-03-31SC191041core:MotorVehicles2023-03-31SC1910412023-03-31SC191041bus:PrivateLimitedCompanyLtd2023-04-012024-03-31SC191041bus:SmallCompaniesRegimeForAccounts2023-04-012024-03-31SC191041bus:FRS1022023-04-012024-03-31SC191041bus:AuditExemptWithAccountantsReport2023-04-012024-03-31SC191041bus:CompanySecretary12023-04-012024-03-31SC191041bus:FullAccounts2023-04-012024-03-31xbrli:purexbrli:sharesiso4217:GBP