Allied Interiors (Scotland) Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: SC450625 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 October 2024

for

ALLIED INTERIORS (SCOTLAND) LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J S Millar

J Smillie

REGISTERED OFFICE:

6th Floor

Gordon Chambers

90 Mitchell Street

Glasgow

G1 3NQ

REGISTERED NUMBER:

SC450625 (Scotland)

ACCOUNTANTS:

BK Plus Ltd

6th Floor

Gordon Chambers

90 Mitchell Street

Glasgow

Lanarkshire

G1 3NQ

FIXED ASSETS

Tangible assets

4

23,924

29,601

Investments

5

41,000

64,924

70,601

CURRENT ASSETS

Stocks

34,500

43,940

Debtors

6

323,569

326,514

Cash at bank

775,818

681,918

1,133,887

1,052,372

CREDITORS

Amounts falling due within one year

7

852,464

713,047

NET CURRENT ASSETS

281,423

339,325

TOTAL ASSETS LESS CURRENT
LIABILITIES

346,347

409,926

PROVISIONS FOR LIABILITIES

5,981

7,406

NET ASSETS

340,366

402,520

CAPITAL AND RESERVES

Called up share capital

100

Capital redemption reserve

3

Retained earnings

340,263

402,417

SHAREHOLDERS' FUNDS

340,366

402,520

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 March 2025 and were signed on its behalf by:

J S Millar - Director

1.	STATUTORY INFORMATION

Allied Interiors (Scotland) Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on a reducing balance basis

Fixtures and fittings

-

25% on a reducing balance basis

Motor vehicles

-

25% on a reducing balance basis

Computer equipment

-

33% on a straight line basis

Stocks

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 is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2023 - 25 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

COST

At 1 November 2023

11,783

15,415

24,350

17,441

68,989

Additions

-

2,455

At 31 October 2024

11,783

15,415

24,350

19,896

71,444

DEPRECIATION

At 1 November 2023

8,974

11,031

4,058

15,325

39,388

Charge for year

702

1,096

5,073

1,261

8,132

At 31 October 2024

9,676

12,127

9,131

16,586

47,520

NET BOOK VALUE

At 31 October 2024

2,107

3,288

15,219

3,310

23,924

At 31 October 2023

2,809

4,384

20,292

2,116

29,601

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 November 2023

and 31 October 2024

41,000

NET BOOK VALUE

At 31 October 2024

41,000

At 31 October 2023

41,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

265,552

272,931

Amounts owed by group undertakings

4,222

2,016

Other debtors

53,795

51,567

323,569

326,514

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade creditors

548,465

467,165

Amounts owed to group undertakings

-

7,500

Taxation and social security

150,170

129,073

Other creditors

153,829

109,309

852,464

713,047