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Company Registration No. SC479311 (Scotland)
Conochies Ltd Unaudited accounts for the year ended 30 June 2024
Conochies Ltd Unaudited accounts Contents
Page
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Conochies Ltd Company Information for the year ended 30 June 2024
Director
Usman Mohammed
Company Number
SC479311 (Scotland)
Registered Office
C/O McCreath Accountancy Ground Left Phoenix House, Phoenix Business Park Paisley Renfrewshire PA1 2BH Scotland
Accountants
McCreath Accountancy Phoenix House Phoenix Business Park Paisley Renfrewshire PA1 2BH
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Conochies Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
27,500 
55,000 
Tangible assets
834 
2,452 
28,334 
57,452 
Current assets
Inventories
37,000 
37,000 
Debtors
48,171 
92,149 
Cash at bank and in hand
71,906 
109,724 
157,077 
238,873 
Creditors: amounts falling due within one year
(46,245)
(67,139)
Net current assets
110,832 
171,734 
Total assets less current liabilities
139,166 
229,186 
Creditors: amounts falling due after more than one year
(97,779)
- 
Net assets
41,387 
229,186 
Capital and reserves
Called up share capital
4 
4 
Profit and loss account
41,383 
229,182 
Shareholders' funds
41,387 
229,186 
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 14 March 2025 and were signed on its behalf by
Usman Mohammed Director Company Registration No. SC479311
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Conochies Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Conochies Ltd is a private company, limited by shares, registered in Scotland, registration number SC479311. The registered office is C/O McCreath Accountancy, Ground Left, Phoenix House, Phoenix Business Park, Paisley, Renfrewshire, PA1 2BH, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
9762
Computer equipment
819
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 July 2023
275,000 
At 30 June 2024
275,000 
Amortisation
At 1 July 2023
220,000 
Charge for the year
27,500 
At 30 June 2024
247,500 
Net book value
At 30 June 2024
27,500 
At 30 June 2023
55,000 
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Conochies Ltd Notes to the Accounts for the year ended 30 June 2024
5
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 July 2023
9,762 
819 
10,581 
At 30 June 2024
9,762 
819 
10,581 
Depreciation
At 1 July 2023
7,310 
819 
8,129 
Charge for the year
1,618 
- 
1,618 
At 30 June 2024
8,928 
819 
9,747 
Net book value
At 30 June 2024
834 
- 
834 
At 30 June 2023
2,452 
- 
2,452 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,186 
6,164 
Other debtors
- 
85,985 
2,186 
92,149 
Amounts falling due after more than one year
Other debtors
45,985 
- 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
30,150 
37,688 
VAT
2,421 
11,700 
Trade creditors
9,815 
1,582 
Taxes and social security
- 
5,968 
Other creditors
3,859 
10,201 
46,245 
67,139 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Loans from directors
97,779 
- 
9
Average number of employees
During the year the average number of employees was 5 (2023: 5).
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