Company No:
Contents
Note | 2021 | |
£ | ||
Current assets | ||
Stocks |
|
|
Debtors | 3 |
|
Cash at bank and in hand | 4 |
|
68,871 | ||
Creditors | ||
Amounts falling due within one year | 5 | (
|
Net current liabilities | (11,877) | |
Total assets less current liabilities | (11,877) | |
Net liabilities | (
|
|
Capital and reserves | ||
Called-up share capital | 6 |
|
Profit and loss account | (
|
|
Total shareholder's deficit | (
|
Director's responsibilities:
The financial statements of Charles Alexander Saltcoats Limited (registered number:
D P Connolly
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year, unless otherwise stated.
Charles Alexander Saltcoats Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is 227 West George Street, Glasgow, G2 2ND, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.
The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
Government grants are recognised based on the performance model and are measured at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received.
A grant that specifies performance conditions is recognised in income only when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the grant proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.
2021 | |
Number | |
Monthly average number of persons employed by the Company during the year, including the director |
|
2021 | |
£ | |
Other debtors |
|
2021 | |
£ | |
Cash at bank and in hand |
|
2021 | |
£ | |
Bank loans |
|
Amounts owed to related parties |
|
Other creditors | (
|
Other taxation and social security |
|
|
2021 | |
£ | |
Allotted, called-up and fully-paid | |
|
|
Transactions with the entity's director
2021 | |
£ | |
Directors Loan | 50,388 |
Other related party transactions
2021 | |
£ | |
Charles Alexander Kilwinning | 14,779 |