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REGISTERED NUMBER: SC389493 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 October 2024

for

Billy Strachan Ltd.

Billy Strachan Ltd. (Registered number: SC389493)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Billy Strachan Ltd.

Company Information
for the Year Ended 31 October 2024







DIRECTORS: Mr W G Strachan
Mrs E Strachan





REGISTERED OFFICE: 27 Finlayson Street
Fraserburgh
Aberdeenshire
AB43 9JQ





REGISTERED NUMBER: SC389493 (Scotland)





ACCOUNTANTS: SBP
Accountants
27 Finlayson Street
Fraserburgh
Aberdeenshire
AB43 9JQ

Billy Strachan Ltd. (Registered number: SC389493)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 50 66

CURRENT ASSETS
Stocks & work in progress 9,744 13,624
Debtors 5 4,603 9,667
Cash at bank 8,536 13,603
22,883 36,894
CREDITORS
Amounts falling due within one year 6 62,835 49,695
NET CURRENT LIABILITIES (39,952 ) (12,801 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(39,902

)

(12,735

)

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (39,904 ) (12,737 )
SHAREHOLDERS' FUNDS (39,902 ) (12,735 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 June 2025 and were signed on its behalf by:




Mr W G Strachan - Director


Billy Strachan Ltd. (Registered number: SC389493)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Billy Strachan Ltd. 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
At 31 October 2024 the company's liabilities exceeded its total assets. The financial statements have been prepared on the going concern basis which assumes that the company will continue in operational existence for the foreseeable future. The validity of this assumption is based upon the continued support of the shareholders.

Turnover
Turnover represents the amounts (excluding value added tax) derived from the provision of services to customers. Revenue is recognised at the point services are provided.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Tangible fixed assets are included at cost less depreciation and impairment. The residual value is reassessed at the end of each accounting period.

Stocks & work in progress
Stock is reported at the lower of cost and net realisable value. Work in progress represents work done as at the financial year end which had not been invoiced at that date. The value is based on the normal commercial sales value based on the level of work completed at that time which was subsequently invoiced post year end.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 November 2023
and 31 October 2024 460 2,790 3,250
DEPRECIATION
At 1 November 2023 460 2,724 3,184
Charge for year - 16 16
At 31 October 2024 460 2,740 3,200
NET BOOK VALUE
At 31 October 2024 - 50 50
At 31 October 2023 - 66 66

Billy Strachan Ltd. (Registered number: SC389493)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 4,373 9,450
Prepayments 230 217
4,603 9,667

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade creditors 2,588 3,726
VAT 2,222 3,872
Directors' current accounts 56,468 40,617
Accrued expenses 1,557 1,480
62,835 49,695

7. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors.