Company registration number SC583199 (Scotland)
BRUADARACH PROJECTS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
PAGES FOR FILING WITH REGISTRAR
BRUADARACH PROJECTS LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
BRUADARACH PROJECTS LTD
BALANCE SHEET
AS AT 30 JUNE 2024
30 June 2024
- 1 -
2024
2023
Notes
£
£
£
£
Current assets
Debtors
3
56,420
56,420
Cash at bank and in hand
76
76
56,496
56,496
Creditors: amounts falling due within one year
4
(48,324)
(48,324)
Net current assets
8,172
8,172
Creditors: amounts falling due after more than one year
5
(42,010)
(42,010)
Net liabilities
(33,838)
(33,838)
Capital and reserves
Called up share capital
6
1
1
Profit and loss reserves
(33,839)
(33,839)
Total equity
(33,838)
(33,838)
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 30 June 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 17 March 2025
Mr N Dempsey
Director
Company Registration No. SC583199
BRUADARACH PROJECTS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 2 -
1
Accounting policies
Company information
Bruadarach Projects Ltd is a private company limited by shares incorporated in Scotland. The registered office is .
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
These financial statements are prepared on the going concern basis. The director has a reasonable expectation that the company will continue in operational existence and allow the company to meet its debts as they fall due for at least the foreseeable future with the financial support from the director.
1.3
Profit and loss account
The company has not traded during the year or the preceding financial period. During this time, the company received no income and incurred no expenditure and therefore no Profit and loss account is presented in these financial statements.
1.4
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
1.5
Foreign exchange
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
BRUADARACH PROJECTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 3 -
3
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
56,420
56,420
4
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
8,830
8,830
Taxation and social security
26,761
26,761
Other creditors
12,733
12,733
48,324
48,324
5
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
42,010
42,010
6
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary Share of £1 each
1
1
1
1
7
Directors' transactions
Amounts due from the director is unsecured and has no fixed repayment terms.
Description
% Rate
Opening balance
Closing balance
£
£
Director Loan
-
41,954
(41,954)
41,954
(41,954)
BRUADARACH PROJECTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 4 -
8
Related party transactions
The following amounts were outstanding at the reporting end date:
2024
2023
Amounts due to related parties
£
£
Other related parties
4,710
4,710
Loans from related parties are unsecured, interest free and repayable on demand.