Registered number
SC522287
ALI & SONS (SCOTLAND) LIMITED
Filleted Accounts
30 April 2024
ALI & SONS (SCOTLAND) LIMITED
Registered number: SC522287
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 4 220,588 220,588
Tangible assets 4 91,904 84,053
312,492 304,641
Current assets
Stocks 136,810 140,920
Debtors 5 721 1,506
Cash at bank and in hand 84,565 34,952
222,096 177,378
Creditors: amounts falling due within one year 6 (236,566) (285,343)
Net current liabilities (14,470) (107,965)
Total assets less current liabilities 298,022 196,676
Provisions for liabilities - -
Net assets 298,022 196,676
Capital and reserves
Called up share capital 100 100
Share premium - -
Profit and loss account 297,922 196,576
Shareholders' funds 298,022 196,676
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Muhammad Imran Waseem
Director
Approved by the board on 2 November 2024
ALI & SONS (SCOTLAND) LIMITED
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Intangible fixed assets
Intangible fixed assets are measured at cost.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at 10% reducing balance.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 17 16
4 Intangible fixed assets £
Goodwill:
Cost
At 1 May 2023 220,588
Additions -
Disposals -
At 30 April 2024 220,588
Amortisation
At 1 May 2023 -
Provided during the year -
On disposals -
At 30 April 2024 -
Net book value
At 30 April 2024 220,588
At 30 April 2023 220,588
4 Tangible fixed assets
Fixtures & Fittings Equipment Motor vehicles Total
£ £ £ £
Cost
At 1 May 2023 84,947 12,486 30,454 127,887
Additions - 18,063 - 18,063
Surplus on revaluation - - - -
Disposals - - - -
At 30 April 2024 84,947 30,549 30,454 145,950
Depreciation
At 1 May 2023 35,940 2,107 5,787 43,834
Charge for the year 4,901 2,844 2,467 10,212
Surplus on revaluation - - - -
On disposals - - - -
At 30 April 2024 40,841 4,951 8,254 54,046
Net book value
At 30 April 2024 44,106 25,598 22,200 91,904
At 30 April 2023 49,007 10,379 24,667 84,053
5 Debtors 2024 2023
£ £
Trade debtors - -
Amounts owed by group undertakings and undertakings in which the company has a participating interest - -
Deferred tax asset - -
Other debtors 721 1,506
721 1,506
Amounts due after more than one year included above - -
6 Creditors: amounts falling due within one year 2024 2023
£ £
Non-equity preference shares - -
Bank loans and overdrafts 9,124 42,764
Obligations under finance lease and hire purchase contracts - -
Trade creditors 60,421 30,128
Accruals - 6,506
Taxation and social security costs 52,824 25,169
Other creditors 114,197 180,776
236,566 285,343
7 Other information
ALI & SONS (SCOTLAND) LIMITED is a private company limited by shares and incorporated in Scotland. Its registered office is:
162 DARNLEY STREET
GLASGOW
G41 2LL
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