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REGISTERED NUMBER: SC593517 (Scotland)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

A.N. Scottish Commercials Limited

A.N. Scottish Commercials Limited (Registered number: SC593517)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

A.N. Scottish Commercials Limited

Company Information
for the Year Ended 30 September 2024







DIRECTOR: Mr Andrew Nisbet





REGISTERED OFFICE: 2nd Floor
22-24 Blythswood Square
Glasgow
G2 4BG





REGISTERED NUMBER: SC593517 (Scotland)





ACCOUNTANTS: Wallace White Accountants
2nd Floor
22-24 Blythswood Square
Glasgow
G2 4BG

A.N. Scottish Commercials Limited (Registered number: SC593517)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 188,336 122,046

CURRENT ASSETS
Stocks 450,000 500,000
Debtors 5 12,723 44,997
Cash at bank 3,372 298
466,095 545,295
CREDITORS
Amounts falling due within one year 6 634,192 577,454
NET CURRENT LIABILITIES (168,097 ) (32,159 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

20,239

89,887

CREDITORS
Amounts falling due after more than one
year

7

-

6,007
NET ASSETS 20,239 83,880

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 8 75,000 -
Retained earnings (54,861 ) 83,780
SHAREHOLDERS' FUNDS 20,239 83,880

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 director acknowledges his 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.

A.N. Scottish Commercials Limited (Registered number: SC593517)

Balance Sheet - continued
30 September 2024


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 director and authorised for issue on 13 February 2025 and were signed by:





Mr Andrew Nisbet - Director


A.N. Scottish Commercials Limited (Registered number: SC593517)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

A.N. Scottish Commercials 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 as modified by the revaluation of certain assets.

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 etc - 33% on reducing balance and 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 2 (2023 - 5 ) .

A.N. Scottish Commercials Limited (Registered number: SC593517)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 October 2023 75,000 78,915 153,915
Revaluations 75,000 - 75,000
At 30 September 2024 150,000 78,915 228,915
DEPRECIATION
At 1 October 2023 - 31,869 31,869
Charge for year - 8,710 8,710
At 30 September 2024 - 40,579 40,579
NET BOOK VALUE
At 30 September 2024 150,000 38,336 188,336
At 30 September 2023 75,000 47,046 122,046

Cost or valuation at 30 September 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2023 75,000 78,915 153,915
Valuation in 2024 75,000 - 75,000
150,000 78,915 228,915

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors - 28,794
Other debtors 12,723 16,203
12,723 44,997

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 236,575 144,181
Hire purchase contracts 7,288 12,014
Trade creditors 13,226 3,706
Taxation and social security 84,106 104,616
Other creditors 292,997 312,937
634,192 577,454

A.N. Scottish Commercials Limited (Registered number: SC593517)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Hire purchase contracts - 6,007

8. RESERVES
Revaluation
reserve
£   
No description 75,000

At 30 September 2024 75,000

A.N. Scottish Commercials Limited

Report of the Accountants to the Director of
A.N. Scottish Commercials Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 September 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Wallace White Accountants
2nd Floor
22-24 Blythswood Square
Glasgow
G2 4BG


13 February 2025