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Unaudited Financial Statements |
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for the Year Ended 31 March 2022 |
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for |
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Peter Macarthur And Company Limited |
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Unaudited Financial Statements |
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for the Year Ended 31 March 2022 |
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for |
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Peter Macarthur And Company Limited |
Peter Macarthur And Company Limited (Registered number: SC174641) |
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Contents of the Financial Statements |
for the Year Ended 31 March 2022 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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Peter Macarthur And Company Limited |
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Company Information |
for the Year Ended 31 March 2022 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
2 & 6 Wellgatehead |
Lanark |
Lanarkshire |
ML11 9AA |
Peter Macarthur And Company Limited (Registered number: SC174641) |
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Balance Sheet |
31 March 2022 |
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31.3.22 | 31.3.21 |
Notes | £ | £ |
CURRENT ASSETS |
Stocks |
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Debtors | 4 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 5 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one year | 6 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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Peter Macarthur And Company Limited (Registered number: SC174641) |
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Notes to the Financial Statements |
for the Year Ended 31 March 2022 |
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1. | STATUTORY INFORMATION |
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Peter Macarthur And Company Limited is a
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Significant judgements and estimates |
In preparing these financial statements, management have not been required to make significant judgements or estimates outwith the stated accounting policies. |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
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Financial instruments |
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss. |
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Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
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Turnover |
In the year to 31 March 2022, 29% (2021 - 14%) of the company's turnover was to markets outside the United Kingdom. |
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Deferred taxation |
Deferred taxation is not recognised. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was NIL (2021 - NIL). |
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4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.22 | 31.3.21 |
£ | £ |
Trade debtors |
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Amounts owed by group undertakings |
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Other debtors |
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Peter Macarthur And Company Limited (Registered number: SC174641) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2022 |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.22 | 31.3.21 |
£ | £ |
Bank loans and overdrafts |
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Trade creditors |
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Taxation and social security |
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Any bank overdrafts are secured by standard security, bonds and floating charges and by inter company guarantees from the following group companies : |
Calzeat and Company Limited, Peter Macarthur and Company Limited, John Bell Fabrics Limited, Calzeat Scotland Ltd, Thistle Mills Scotland Limited, Calzeat Retail Ltd. |
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6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.3.22 | 31.3.21 |
£ | £ |
Bank loans |
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7. | RELATED PARTY DISCLOSURES |
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During the year, the company purchased services from John Bell Fabrics Limited, a fellow subsidiary, amounting to £12,435 (2021 - £9,797). The balance owing to this fellow subsidiary at the year end amounted to £nil (2021 - £nil). |
The company incurred a management charge from Calzeat and Company Limited amounting to £nil (2021- £36,000). The balance owing by this company at the year end amounted to £111,601 (2021 - £145,480). |