Company Registration No. SC487729 (Scotland)
SUB AC Limited
Unaudited accounts
for the year ended 30 September 2024
SUB AC Limited
Unaudited accounts
Contents
SUB AC Limited
Company Information
for the year ended 30 September 2024
Directors
Campbell Carruth
Judith Kate Carruth
Company Number
SC487729 (Scotland)
Registered Office
LOMOND HOUSE 4 SOUTH STREET
INCHINNAN
RENFREW
RENFREWSHIRE
PA4 9RJ
United Kingdom
Accountants
McCreath Accountancy
Phoenix House
Phoenix Business Park
Paisley
Renfrewshire
PA1 2BH
SUB AC Limited
Statement of financial position
as at 30 September 2024
Tangible assets
35,821
34,474
Cash at bank and in hand
5,924
12,377
Creditors: amounts falling due within one year
(32,210)
(32,226)
Net current assets
29,531
26,806
Total assets less current liabilities
65,352
61,280
Creditors: amounts falling due after more than one year
(8,403)
(13,102)
Called up share capital
2
2
Profit and loss account
56,947
48,176
Shareholders' funds
56,949
48,178
For the year ending 30 September 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 20 November 2024 and were signed on its behalf by
Campbell Carruth
Director
Company Registration No. SC487729
SUB AC Limited
Notes to the Accounts
for the year ended 30 September 2024
SUB AC Limited is a private company, limited by shares, registered in Scotland, registration number SC487729. The registered office is LOMOND HOUSE 4 SOUTH STREET, INCHINNAN, RENFREW, RENFREWSHIRE, PA4 9RJ, 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 year, 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:
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 October 2023
70,677
31,245
2,335
104,257
Additions
920
-
1,223
2,143
Disposals
-
(31,245)
-
(31,245)
At 30 September 2024
71,597
-
3,558
75,155
At 1 October 2023
25,436
42,012
2,335
69,783
Charge for the year
10,998
-
565
11,563
On disposals
-
(42,012)
-
(42,012)
At 30 September 2024
36,434
-
2,900
39,334
At 30 September 2024
35,163
-
658
35,821
At 30 September 2023
45,241
(10,767)
-
34,474
Amounts falling due within one year
Trade debtors
55,817
46,655
SUB AC Limited
Notes to the Accounts
for the year ended 30 September 2024
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
-
1,044
Trade creditors
26,959
31,182
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).