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REGISTERED NUMBER: SC683464 (Scotland)















Report of the Director and

Unaudited Financial Statements for the Year Ended 31 May 2024

for

Hairy Haggis Tours Ltd

Hairy Haggis Tours Ltd (Registered number: SC683464)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Report of the Director 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


Hairy Haggis Tours Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTOR: R Madden





SECRETARY:





REGISTERED OFFICE: 191 Station Road
Shotts
North Lanarkshire
ML7 4BA





REGISTERED NUMBER: SC683464 (Scotland)





ACCOUNTANTS: EAC Accountancy Limited
191 Station Road
Shotts
North Lanarkshire
ML7 4BA

Hairy Haggis Tours Ltd (Registered number: SC683464)

Report of the Director
for the Year Ended 31 May 2024

The director presents his report with the financial statements of the company for the year ended 31 May 2024.

DIRECTOR
R Madden held office during the whole of the period from 1 June 2023 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





R Madden - Director


25 February 2025

Hairy Haggis Tours Ltd (Registered number: SC683464)

Income Statement
for the Year Ended 31 May 2024

31.5.24 31.5.23
Notes £    £   

TURNOVER 1,415,423 743,520

Cost of sales 596,944 360,166
GROSS PROFIT 818,479 383,354

Administrative expenses 579,632 221,142
OPERATING PROFIT 4 238,847 162,212

Interest receivable and similar
income

287

100
239,134 162,312

Interest payable and similar
expenses

73,346

14,660
PROFIT BEFORE TAXATION 165,788 147,652

Tax on profit 158,831 38,311
PROFIT FOR THE FINANCIAL YEAR 6,957 109,341

Hairy Haggis Tours Ltd (Registered number: SC683464)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 1,358,634 349,335

CURRENT ASSETS
Debtors 6 408,023 78,393
Cash at bank 4,985 52,172
413,008 130,565
CREDITORS
Amounts falling due within one year 7 543,913 89,572
NET CURRENT (LIABILITIES)/ASSETS (130,905 ) 40,993
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,227,729

390,328

CREDITORS
Amounts falling due after more than
one year

8

(815,108

)

(143,495

)

PROVISIONS FOR LIABILITIES (225,205 ) (66,374 )
NET ASSETS 187,416 180,459

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 187,414 180,457
187,416 180,459

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Hairy Haggis Tours Ltd (Registered number: SC683464)

Balance Sheet - continued
31 May 2024


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

The financial statements were approved by the director and authorised for issue on 25 February 2025 and were signed by:





R Madden - Director


Hairy Haggis Tours Ltd (Registered number: SC683464)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Hairy Haggis Tours Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

Coaches 10% straight line

Motor Van 25% reducing balance

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.

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 reversed 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 laws that have been enacted or substantively enacted by the year 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Hairy Haggis Tours Ltd (Registered number: SC683464)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2023 - 2 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

31.5.24 31.5.23
£    £   
Depreciation - owned assets 175,775 44,703

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 412,838
Additions 1,211,394
Disposals (29,450 )
At 31 May 2024 1,594,782
DEPRECIATION
At 1 June 2023 63,503
Charge for year 175,775
Eliminated on disposal (3,130 )
At 31 May 2024 236,148
NET BOOK VALUE
At 31 May 2024 1,358,634
At 31 May 2023 349,335

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 286,300 45,990
Other debtors 121,723 32,403
408,023 78,393

Hairy Haggis Tours Ltd (Registered number: SC683464)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Hire purchase contracts 460,477 74,360
Trade creditors 19,811 15,212
Taxation and social security 56,301 -
Other creditors 7,324 -
543,913 89,572

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.5.24 31.5.23
£    £   
Hire purchase contracts 815,108 134,881
Other creditors - 8,614
815,108 143,495