Company registration number SC264200 (Scotland)
Deeside Steam & Vintage Club Limited
Unaudited financial statements
for the year ended 31 October 2024
Pages for filing with registrar
Deeside Steam & Vintage Club Limited
Chartered Accountants' report to the board of directors on the preparation of the
unaudited statutory financial statements of Deeside Steam & Vintage Club Limited
1

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Deeside Steam & Vintage Club Limited for the year ended 31 October 2024 which comprise, the statement of financial position and the related notes from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the ICAS we are subject to its ethical and other professional requirements which are detailed at https://www.icas.com/professional-resources/practice/support-and-guidance/framework-for-the-preparation-of-accounts-revised-june-2020.

This report is made solely to the board of directors of Deeside Steam & Vintage Club Limited, as a body, in accordance with the terms of our engagement letter dated 3 November 2020. Our work has been undertaken solely to prepare for your approval the financial statements of Deeside Steam & Vintage Club Limited and state those matters that we have agreed to state to the board of directors of Deeside Steam & Vintage Club Limited, as a body, in this report in accordance with the requirements of the ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Deeside Steam & Vintage Club Limited and its board of directors as a body, for our work or for this report.

It is your duty to ensure that Deeside Steam & Vintage Club Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and surplus of Deeside Steam & Vintage Club Limited. You consider that Deeside Steam & Vintage Club Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Deeside Steam & Vintage Club Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

James Milne
Chartered Accountants
Rosewood
Raemoir Road
Banchory
AB31 4ET
19 June 2025
Deeside Steam & Vintage Club Limited
Statement of financial position
at 31 October 2024
2
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
2
430
865
Current assets
Debtors
545
570
Cash at bank and in hand
34,141
31,197
34,686
31,767
Creditors: amounts falling due within one year
(510)
(525)
Net assets
34,176
31,242
Total assets less current liabilities
34,606
32,107
Reserves
Income and expenditure account
34,606
32,107

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The directors of the company have elected not to include a copy of the income and expenditure account within the financial statements.true

For the financial year ended 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their 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 by the board of directors and authorised for issue on 10 June 2025 and are signed on its behalf by:
Pamela Rennie
Director
Company Registration No. SC264200
Deeside Steam & Vintage Club Limited
Notes to the financial statements
for the year ended 31 October 2024
3
1
Accounting policies
Company information

Deeside Steam & Vintage Club Limited is a private company limited by guarantee incorporated in Scotland. The registered office is Chartered Accountants, Rosewood, Raemoir Road, Banchory, AB31 4ET.

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.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Income and expenditure

Income and expenses are included in the financial statements as they become receivable or due.

 

Expenses include VAT where applicable as the company cannot reclaim it.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
3 years straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to surplus or deficit.

Deeside Steam & Vintage Club Limited
Notes to the financial statements (continued)
for the year ended 31 October 2024
4
2
Tangible fixed assets
Total
£
Cost
At 1 November 2023 and 31 October 2024
1,300
Depreciation and impairment
At 1 November 2023
435
Depreciation charged in the year
435
At 31 October 2024
870
Carrying amount
At 31 October 2024
430
At 31 October 2023
865
3
Members' liability

The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.

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