Company registration number SC027461 (Scotland)
George Strachan Limited
Unaudited financial statements
for the year ended 31 December 2024
Pages for filing with registrar
George Strachan Limited
Chartered Accountants' report to the director on the preparation of the
unaudited statutory financial statements of George Strachan 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 George Strachan Limited for the year ended 31 December 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-j une-20 20.

This report is made solely to the d irector of George Strachan Limited, in accordance with the terms of our engagement letter dated 15 April 2010. Our work has been undertaken solely to prepare for your approval the financial statements of George Strachan Limited and state those matters that we have agreed to state to the d irector of George Strachan Limited, in this report in accordance with the requirements of the ICAS as detailed at https://www.icas.com/professional-resources/practice/support-and-guidance/framework-for-the-preparation-of-accounts-revised-j une-20 20. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than George Strachan Limited and its d irector, for our work or for this report.

It is your duty to ensure that George Strachan 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 loss of George Strachan Limited. You consider that George Strachan 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 George Strachan 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 f inancial statements.

James Milne
Chartered Accountants
5 Bon Accord Square
Aberdeen
AB11 6XZ
7 January 2026
George Strachan Limited
Statement of financial position
as at 31 December 2024
31 December 2024
2
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
2
352,630
363,072
Investments
3
2,992
2,992
355,622
366,064
Current assets
Stocks
364,550
422,226
Debtors
24,183
21,899
Cash at bank and in hand
197,003
207,831
585,736
651,956
Creditors: amounts falling due within one year
(776,138)
(814,377)
Net current liabilities
(190,402)
(162,421)
Net assets
165,220
203,643
Capital and reserves
Called up share capital
9,500
9,500
Revaluation reserve
4
22,188
22,188
Profit and loss reserves
133,532
171,955
Total equity
165,220
203,643
George Strachan Limited
Statement of financial position (continued)
as at 31 December 2024
31 December 2024
3

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

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These 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, 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 director of the company has elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 22 December 2025
Mrs Annie Strachan
Director
Company registration number SC027461 (Scotland)
George Strachan Limited
Notes to the financial statements
for the year ended 31 December 2024
4
1
Accounting policies
Company information

George Strachan Limited is a private company limited by shares incorporated in Scotland. The registered office is Ballater Road, Aboyne, AB34 5HT.

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
Turnover

Turnover represents revenue recognised in the accounts. Revenue is recognised when the company fulfils its contractual obligations to customers by supplying goods and services and excludes value added tax.

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:

Freehold land and buildings
2% straight line
Fixtures and fittings
15% reducing balance and 25% straight line
Motor vehicles
25% reducing balance
1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

George Strachan Limited
Notes to the financial statements (continued)
for the year ended 31 December 2024
5
2
Tangible fixed assets
Total
£
Cost
At 1 January 2024
698,237
Additions
539
At 31 December 2024
698,776
Depreciation and impairment
At 1 January 2024
335,165
Depreciation charged in the year
10,981
At 31 December 2024
346,146
Carrying amount
At 31 December 2024
352,630
At 31 December 2023
363,072
3
Fixed asset investments
2024
2023
£
£
Other investments other than loans
2,992
2,992
4
Revaluation reserve
2024
2023
£
£
At the beginning and end of the year
22,188
22,188
5
Directors' transactions

During the year the director entered into the following advances and credits with the company :

Description
Opening credit balance
Amounts repaid
Closing credit balance
£
£
£
Director's loan
711,874
(1,248)
710,626
711,874
(1,248)
710,626
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