Registered number |
Registered number: | |||||||
Balance Sheet | |||||||
as at |
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Notes | 2024 | 2023 | |||||
£ | £ | ||||||
Fixed assets | |||||||
Tangible assets | 4 | ||||||
Investments | 5 | ||||||
Current assets | |||||||
Stocks | |||||||
Debtors | 6 | ||||||
Cash at bank and in hand | |||||||
Creditors: amounts falling due within one year | 7 | ( |
( |
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Net current assets | |||||||
Total assets less current liabilities | |||||||
Creditors: amounts falling due after more than one year | 8 | ( |
( |
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Net assets | |||||||
Capital and reserves | |||||||
Called up share capital | |||||||
Revaluation reserve | 11 | ||||||
Profit and loss account | |||||||
Shareholders' funds | |||||||
D Simmers | |||||||
Director | |||||||
Approved by the board on |
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Notes to the Accounts | ||||||||
for the year ended |
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1 | Accounting policies | |||||||
Basis of preparation | ||||||||
Turnover | ||||||||
2 | Government Grants | |||||||
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognised criteria, they are recognised as a liability. |
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Tangible fixed assets | ||||||||
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 | |||||||
Investments | ||||||||
Stocks | ||||||||
Debtors | ||||||||
Creditors | ||||||||
Taxation | ||||||||
Provisions | ||||||||
Pensions | ||||||||
3 | Employees | 2024 | 2023 | |||||
Number | Number | |||||||
Average number of persons employed by the company | ||||||||
4 | Tangible fixed assets | |||||||
Land and buildings | Plant and machinery etc | Total | ||||||
£ | £ | £ | ||||||
Cost | ||||||||
At 1 September 2023 | ||||||||
Additions | - | |||||||
At 31 August 2024 | ||||||||
Depreciation | ||||||||
At 1 September 2023 | - | |||||||
Charge for the year | - | |||||||
At 31 August 2024 | - | |||||||
Net book value | ||||||||
At 31 August 2024 | ||||||||
At 31 August 2023 | ||||||||
5 | Investments | |||||||
Investments in | ||||||||
subsidiary | ||||||||
undertakings | ||||||||
£ | ||||||||
Cost | ||||||||
At 1 September 2023 | ||||||||
At 31 August 2024 | ||||||||
6 | Debtors | 2024 | 2023 | |||||
£ | £ | |||||||
Trade debtors | ||||||||
Deferred tax asset | ||||||||
Other debtors | ||||||||
7 | Creditors: amounts falling due within one year | 2024 | 2023 | |||||
£ | £ | |||||||
Bank loans and overdrafts | ||||||||
Trade creditors | - | |||||||
Amounts owed to group undertakings and undertakings in which the company has a participating interest | ||||||||
Taxation and social security costs | ||||||||
Other creditors | ||||||||
7 | Directors accounts | |||||||
Included in other creditors is the sum of £ 8126 ( £1925 - 2023) | ||||||||
for the directors loans which are repayable upon demand. | ||||||||
8 | Creditors: amounts falling due after one year | 2024 | 2023 | |||||
£ | £ | |||||||
Bank loans | ||||||||
9 | Loans | 2024 | 2023 | |||||
£ | £ | |||||||
Creditors include: | ||||||||
Secured bank loans | 1,132,056 | 1,236,093 | ||||||
The 2nd is secured by a Floating Charge upon the Assets and Undertakings of the company. |
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10 | Bounceback Loan | |||||||
Effective interest rate 2.5% Year......Bal b/f..............Interest...............Cashflow.............Bal c/f .................£.......................£..........................£..........................£ ---------------------------------------------------------------------------------------------- ....1.........50000....................................................................50000 ....2.........50000..................1250.00................-10000.........40000 ....3.........40000..................1000.00...............-10000...........30000 ....4.........30000....................750.00................-10000...........20000 ....5.........20000....................500.00................-10000...........10000 ....6.........10000....................250.00................-10000 .............................................3750.00................-50000............................ Less BIP payment 1250.00 Total Interest Payable 2500.00 Interest 12 months 1250.00, account for 9 months as Gov paid Interest till May 2021 £ 937.50 interest in Accounts period 1, and £312.50 in Accounts period 2. |
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11 | Deferred tax | Current year | Comp year | |||||
£ | £ | |||||||
B/fwd | (223) | 94 | ||||||
Charged to profit and loss | (501) | (317) | ||||||
Charged to other comprehensive income | - | - | ||||||
(724) | (223) | |||||||
11 | Revaluation reserve | 2024 | 2023 | |||||
£ | £ | |||||||
At 1 September 2023 | - | |||||||
Gain on revaluation of land and buildings | - | |||||||
Deferred taxation arising on the revaluation of land and buildings | - | |||||||
At 31 August 2024 | ||||||||
12 | Other information | |||||||
DEBISON ALBIE LIMITED is a private company limited by shares and incorporated in Scotland. Its registered office is: | ||||||||
20 Greenhill Avenue | ||||||||
Giffnock | ||||||||
Glasgow | ||||||||
G46 6QX |