Adair & McIntosh Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: SC308590 (Scotland)

Unaudited Financial Statements for the Year Ended 30 September 2024

for

ADAIR & MCINTOSH LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R J Adair

C McIntosh

SECRETARY:

R J Adair

REGISTERED OFFICE:

7 Abergeldie Road

Aberdeen

AB10 6ED

REGISTERED NUMBER:

SC308590 (Scotland)

ACCOUNTANTS:

Fyfe Moir & Associates

1st Floor, 5 Abercrombie Crt

Prospect Road,

Westhill

Aberdeenshire

Grampian

AB32 6FE

FIXED ASSETS

Tangible assets

4

17,918

23,891

CURRENT ASSETS

Stocks

5

3,534

4,108

Debtors

6

9,709

20,331

Cash at bank

47,265

23,145

60,508

47,584

CREDITORS

Amounts falling due within one year

7

53,351

32,194

NET CURRENT ASSETS

7,157

15,390

TOTAL ASSETS LESS CURRENT
LIABILITIES

25,075

39,281

CREDITORS

Amounts falling due after more than one year

8

(8,905

)

(12,245

)

PROVISIONS FOR LIABILITIES

9

(4,107

)

(4,539

)

NET ASSETS

12,063

22,497

CAPITAL AND RESERVES

Called up share capital

10

2

Retained earnings

11

12,061

22,495

SHAREHOLDERS' FUNDS

12,063

22,497

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 20 May 2025 and were signed on its behalf by:

R J Adair - Director

C McIntosh - Director

1.	STATUTORY INFORMATION

Adair & McIntosh Limited 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 3 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

COST

At 1 October 2023

and 30 September 2024

2,343

36,215

38,558

DEPRECIATION

At 1 October 2023

2,343

12,324

14,667

Charge for year

-

5,973

At 30 September 2024

2,343

18,297

20,640

NET BOOK VALUE

At 30 September 2024

-

17,918

At 30 September 2023

-

23,891

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 October 2023

and 30 September 2024

22,999

DEPRECIATION

At 1 October 2023

1,917

Charge for year

5,271

At 30 September 2024

7,188

NET BOOK VALUE

At 30 September 2024

15,811

At 30 September 2023

21,082

5.

STOCKS

30.9.24

30.9.23

£

Stocks

3,534

4,108

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

Trade debtors

8,955

19,697

Prepayments and accrued income

754

634

9,709

20,331

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

Hire purchase contracts

3,339

Trade creditors

14,721

7,976

Tax

24,017

16,675

Social security and other taxes

149

11

VAT

5,116

508

Other creditors

4,494

2,797

Directors' current accounts

1,496

872

Accrued expenses

19

16

53,351

32,194

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

30.9.24

30.9.23

£

Hire purchase contracts

8,905

12,245

9.	PROVISIONS FOR LIABILITIES

30.9.24

30.9.23

£

Deferred tax

4,107

4,539

Deferred

tax

£

Balance at 1 October 2023

4,539

Movement in year

(432

)

Balance at 30 September 2024

4,107

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.24

30.9.23

value:

£

2

Ordinary

£1

2

11.

RESERVES

Retained

earnings

£

At 1 October 2023

22,495

Profit for the year

75,224

Dividends

(85,658

)

At 30 September 2024

12,061