Registered number
SC410593
Bryan Steele Carpets Limited
Filleted Accounts
31 December 2023
Bryan Steele Carpets Limited
Registered number: SC410593
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 - 1,060
Current assets
Stocks - 1,125
Debtors 4 - 5,972
Cash at bank and in hand 8,714 10,687
8,714 17,784
Creditors: amounts falling due within one year 5 (15,966) (16,017)
Net current (liabilities)/assets (7,252) 1,767
Net (liabilities)/assets (7,252) 2,827
Capital and reserves
Called up share capital 1 1
Profit and loss account (7,253) 2,826
Shareholder's funds (7,252) 2,827
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Alan Steele
Director
Approved by the board on 6 January 2025
Bryan Steele Carpets Limited
Notes to the Accounts
for the year ended 31 December 2023
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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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 rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2023 5,780
At 31 December 2023 5,780
Depreciation
At 1 January 2023 4,720
Charge for the year 1,060
At 31 December 2023 5,780
Net book value
At 31 December 2023 -
At 31 December 2022 1,060
4 Debtors 2023 2022
£ £
Trade debtors - 5,972
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs (210) (1,246)
Due to Director 16,176 16,313
Other creditors - 950
15,966 16,017
6 Controlling party
The company is controlled by the director, Mr A Steele.
7 Other information
Bryan Steele Carpets Limited is a private company limited by shares and incorporated in Scotland. Its registered office is:
63 North Methven Street
Perth
Perthshire
PH1 5PQ
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