Company Registration No. SC645061 (Scotland)
Braes Accountancy Limited
Unaudited accounts
for the period from 1 November 2024 to 31 March 2025
Braes Accountancy Limited
Unaudited accounts
Contents
Braes Accountancy Limited
Company Information
for the period from 1 November 2024 to 31 March 2025
Company Number
SC645061 (Scotland)
Registered Office
Ironworks Business Centre
Castlelaurie Industrial Estate
Bankside
Falkirk
Stirlingshire
FK2 7XE
United Kingdom
Accountants
Braes Accountancy Limited
Ironworks Business Centre
Castlelaurie Industrial Estate
Falkirk
Stirlingshire
FK2 7XE
Braes Accountancy Limited
Statement of financial position
as at 31 March 2025
Tangible assets
3,067
1,956
Cash at bank and in hand
56,272
51,765
Creditors: amounts falling due within one year
(40,119)
(37,456)
Net current assets
40,091
34,627
Called up share capital
1
1
Profit and loss account
43,157
36,582
Shareholders' funds
43,158
36,583
For the period ending 31 March 2025 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 1 April 2025 and were signed on its behalf by
Jason Smith
Director
Company Registration No. SC645061
Braes Accountancy Limited
Notes to the Accounts
for the period from 1 November 2024 to 31 March 2025
Braes Accountancy Limited is a private company, limited by shares, registered in Scotland, registration number SC645061. The registered office is Ironworks Business Centre, Castlelaurie Industrial Estate, Bankside, Falkirk, Stirlingshire, FK2 7XE, United Kingdom.
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 period, 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.
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:
Computer equipment
33% Straight Line
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
4
Tangible fixed assets
Plant & machinery
Braes Accountancy Limited
Notes to the Accounts
for the period from 1 November 2024 to 31 March 2025
Amounts falling due within one year
Trade debtors
15,493
12,176
6
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
18,667
12,462
Loans from directors
11,388
15,891
7
Average number of employees
During the period the average number of employees was 5 (2024: 3).