Registered number
SC593610
Youngson Auchronie Services Ltd
Filleted Accounts
30 April 2024
Youngson Auchronie Services Ltd
Registered number: SC593610
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 762,869 815,626
Current assets
Debtors 4 91,022 35,644
Cash at bank and in hand 21,291 15,791
112,313 51,435
Creditors: amounts falling due within one year 5 (73,656) (46,562)
Net current assets 38,657 4,873
Total assets less current liabilities 801,526 820,499
Creditors: amounts falling due after more than one year 6 (84,318) (131,853)
Net assets 717,208 688,646
Capital and reserves
Called up share capital 100 100
Profit and loss account 717,108 688,546
Shareholders' funds 717,208 688,646
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.
W Youngson
Director
Approved by the board on 20 January 2025
Youngson Auchronie Services Ltd
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. 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, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
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 3 4
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 May 2023 1,176,733 16,000 1,192,733
Additions 51,085 - 51,085
At 30 April 2024 1,227,818 16,000 1,243,818
Depreciation
At 1 May 2023 367,507 9,600 377,107
Charge for the year 97,442 6,400 103,842
At 30 April 2024 464,949 16,000 480,949
Net book value
At 30 April 2024 762,869 - 762,869
At 30 April 2023 809,226 6,400 815,626
4 Debtors 2024 2023
£ £
Trade debtors 91,022 35,644
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 61,590 46,265
Other creditors 12,066 297
73,656 46,562
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 21,357 32,893
Obligations under finance lease and hire purchase contracts 41,294 70,443
Other creditors 21,667 28,517
84,318 131,853
7 Other information
Youngson Auchronie Services Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is:
Foot O'Hill
Kinellar
Aberdeen
Aberdeenshire
AB21 0TB
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