Company Registration No. SC522003 (Scotland)
Thistle Artificial Grass Limited
Unaudited accounts
for the year ended 31 August 2024
Thistle Artificial Grass Limited
Unaudited accounts
Contents
Thistle Artificial Grass Limited
Company Information
for the year ended 31 August 2024
Directors
Ian James Bruce
Edward Nicol Robson
Philip George Strachan
Company Number
SC522003 (Scotland)
Registered Office
Thistle House Woodside Road
Bridge of Don
Aberdeen
AB23 8EF
Thistle Artificial Grass Limited
Statement of financial position
as at 31 August 2024
Cash at bank and in hand
13,451
16,197
Creditors: amounts falling due within one year
(3,558)
(35,003)
Net current assets
31,223
61,737
Called up share capital
3,000
3,000
Profit and loss account
28,223
58,737
Shareholders' funds
31,223
61,737
For the year ending 31 August 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 directors acknowledge their 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 of Directors and authorised for issue on 20 March 2025 and were signed on its behalf by
Ian James Bruce
Director
Company Registration No. SC522003
Thistle Artificial Grass Limited
Notes to the Accounts
for the year ended 31 August 2024
Thistle Artificial Grass Limited is a private company, limited by shares, registered in Scotland, registration number SC522003. The registered office is Thistle House Woodside Road, Bridge of Don, Aberdeen, AB23 8EF.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Fixtures & fittings
25% straight line
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets and liabilities are not discounted.
Thistle Artificial Grass Limited
Notes to the Accounts
for the year ended 31 August 2024
Amounts falling due within one year
Other debtors
20,000
48,911
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Creditors: amounts falling due within one year
2024
2023
Trade creditors
3,558
8,999
Taxes and social security
-
8,785
Allotted, called up and fully paid:
3,000 Ordinary shares of £1 each
3,000
3,000
7
Transactions with related parties
The trade and assets of the company has been taken over by Thistle Windows & Conservatories Ltd. This company operates under the control of Mr I J Bruce and Mr E N Robson.
8
Average number of employees
During the year the average number of employees was 3 (2023: 10).