Registered number
SC641544
AAC STIRLING LTD
6 Huntly Crescent
Stirling
Filleted Accounts
for the year ended 30 September 2024
Yousaf & Co. Ltd
Chartered Certified Accountants
Registered Auditors
298-300 Maxwell Road
Glasgow
G41 1PJ
Ref:A372/TM
AAC STIRLING LTD
Registered number: SC641544
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 40,000 180,000
Tangible assets 4 138,765 -
178,765 180,000
Current assets
Stocks 66,481 67,543
Cash at bank and in hand 10,092 3,963
76,573 71,506
Creditors: amounts falling due within one year 5 (78,748) (83,989)
Net current liabilities (2,175) (12,483)
Total assets less current liabilities 176,590 167,517
Creditors: amounts falling due after more than one year 6 (86,813) (75,815)
Net assets 89,777 91,702
Capital and reserves
Called up share capital 2 2
Profit and loss account 89,775 91,700
Shareholder's funds 89,777 91,702
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 member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her 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.
Ms Bushra Kausar Choudhary
Director
Approved by the board on 22 April 2025
AAC STIRLING LTD
Notes to the Accounts
for the year ended 30 September 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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 10% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 5 3
3 Intangible fixed assets £
Goodwill:
Cost
At 1 October 2023 180,000
At 30 September 2024 180,000
Amortisation
On disposals 140,000
At 30 September 2024 140,000
Net book value
At 30 September 2024 40,000
At 30 September 2023 180,000
4 Tangible fixed assets
Land and buildings Fixture & Fittings etc Total
£ £ £
Cost
At 1 October 2023 120,000 - 120,000
Additions - 20,850 20,850
At 30 September 2024 120,000 20,850 140,850
Depreciation
Charge for the year - 2,085 2,085
At 30 September 2024 - 2,085 2,085
Net book value
At 30 September 2024 120,000 18,765 138,765
At 30 September 2023 120,000 - 120,000
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 23,334 23,155
Corporation Tax 19,594 30,556
Other creditors 35,820 30,278
78,748 83,989
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 66,893 65,037
Director's Loan account 19,920 10,778
86,813 75,815
AAC STIRLING LTD SC641544 false 2023-10-01 2024-09-30 2024-09-30 VT Final Accounts April 2025 Ms Bushra Kausar Choudhary No description of principal activity SC641544 2022-10-01 2023-09-30 SC641544 core:WithinOneYear 2023-09-30 SC641544 core:AfterOneYear 2023-09-30 SC641544 core:ShareCapital 2023-09-30 SC641544 core:RetainedEarningsAccumulatedLosses 2023-09-30 SC641544 2023-10-01 2024-09-30 SC641544 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 SC641544 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 SC641544 bus:Director40 2023-10-01 2024-09-30 SC641544 2 2023-10-01 2024-09-30 SC641544 core:Goodwill 2023-10-01 2024-09-30 SC641544 core:LandBuildings 2023-10-01 2024-09-30 SC641544 core:PlantMachinery 2023-10-01 2024-09-30 SC641544 bus:FRS102 2023-10-01 2024-09-30 SC641544 bus:FilletedAccounts 2023-10-01 2024-09-30 SC641544 2024-09-30 SC641544 core:WithinOneYear 2024-09-30 SC641544 core:AfterOneYear 2024-09-30 SC641544 core:ShareCapital 2024-09-30 SC641544 core:RetainedEarningsAccumulatedLosses 2024-09-30 SC641544 core:Goodwill 2024-09-30 SC641544 core:LandBuildings 2024-09-30 SC641544 core:PlantMachinery 2024-09-30 SC641544 2023-09-30 SC641544 core:Goodwill 2023-09-30 SC641544 core:LandBuildings 2023-09-30 SC641544 core:PlantMachinery 2023-09-30 iso4217:GBP xbrli:pure