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COMPANY REGISTRATION NUMBER: SC518768
Action Elgin Ltd
Filleted Unaudited Financial Statements
31 October 2024
Action Elgin Ltd
Financial Statements
Year ended 31 October 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
2
Action Elgin Ltd
Statement of Financial Position
31 October 2024
2024
2023
Note
£
£
£
Current assets
Cash at bank and in hand
2,217
2,658
Creditors: amounts falling due within one year
5
116,021
116,021
---------
---------
Net current liabilities
113,804
113,363
---------
---------
Total assets less current liabilities
( 113,804)
( 113,363)
---------
---------
Net liabilities
( 113,804)
( 113,363)
---------
---------
Capital and reserves
Called up share capital
1
1
Profit and loss account
( 113,805)
( 113,364)
---------
---------
Shareholder deficit
( 113,804)
( 113,363)
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 4 February 2025 , and are signed on behalf of the board by:
Mr A W Adam
Director
Company registration number: SC518768
Action Elgin Ltd
Notes to the Financial Statements
Year ended 31 October 2024
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is 10 Southfield Drive, Elgin, Moray, IV30 6GR.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Fundamental accounting concept
The financial statements have been prepared using the going concern basis because the director has confirmed his intention to continue to provide sufficient funds to enable the company to meet all its liabilities as they fall due.
Should this basis not be appropriate, then adjustments to the financial statements may be necessary to accrue for further liabilities that may be incurred.
4. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in Sterling, which is the functional currency of the entity.
5. Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
116,021
116,021
---------
---------