Registered number
SC733342
ALI & SONS (SOUTHSIDE) LIMITED
Filleted Accounts
30 June 2024
ALI & SONS (SOUTHSIDE) LIMITED
Registered number: SC733342
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 50,000 50,000
Tangible assets 4 303,038 310,119
353,038 360,119
Current assets
Stocks 39,490 41,110
Cash at bank and in hand 36,214 10,589
75,704 51,699
Creditors: amounts falling due within one year 5 (211,471) (198,376)
Net current liabilities (135,767) (146,677)
Total assets less current liabilities 217,271 213,442
Creditors: amounts falling due after more than one year 6 (186,132) (205,942)
Provisions for liabilities - -
Net assets 31,139 7,500
Capital and reserves
Called up share capital 100 100
Share premium - -
Profit and loss account 31,039 7,400
Shareholders' funds 31,139 7,500
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Muhammad Imran Waseem
Director
Approved by the board on 7 March 2025
ALI & SONS (SOUTHSIDE) LIMITED
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Intangible fixed assets
Intangible fixed assets are measured at cost.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at 10% reducing balance.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 7 7
3 Intangible fixed assets £
Goodwill:
Cost
At 1 July 2023 50,000
Additions -
Disposals -
At 30 June 2024 50,000
Amortisation
At 1 July 2023 -
Provided during the year -
On disposals -
At 30 June 2024 -
Net book value
At 30 June 2024 50,000
At 30 June 2023 50,000
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 July 2023 239,310 78,677 317,987
Additions - - -
Surplus on revaluation - - -
Disposals - - -
At 30 June 2024 239,310 78,677 317,987
Depreciation
At 1 July 2023 - 7,868 7,868
Charge for the year - 7,081 7,081
Surplus on revaluation - - -
On disposals - - -
At 30 June 2024 - 14,949 14,949
Net book value
At 30 June 2024 239,310 63,728 303,038
At 30 June 2023 239,310 70,809 310,119
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 33,295 74,896
Taxation and social security costs 9,814 6,699
Other creditors 168,362 116,781
211,471 198,376
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 166,132 185,942
Other creditors 20,000 20,000
186,132 205,942
7 Other information
ALI & SONS (SOUTHSIDE) LIMITED is a private company limited by shares and incorporated in Scotland. Its registered office is:
162 Darnley Street
Glasgow
G41 2LL
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