Alexander Anderson Limited - Accounts to registrar (filleted) - small 18.2

Alexander Anderson Limited - Accounts to registrar (filleted) - small 18.2


IRIS Accounts Production v19.1.0.729 SC038581 director 1.10.17 30.9.18 30.9.18 false true false false true false Fair value model Ordinary 1.00000 Ordinary B 1.00000 Ordinary 1.00000 Ordinary B 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSC0385812017-09-30SC0385812018-09-30SC0385812017-10-012018-09-30SC0385812016-09-30SC0385812016-10-012017-09-30SC0385812017-09-30SC038581ns15:Scotland2017-10-012018-09-30SC038581ns14:PoundSterling2017-10-012018-09-30SC038581ns10:Director12017-10-012018-09-30SC038581ns10:PrivateLimitedCompanyLtd2017-10-012018-09-30SC038581ns10:SmallEntities2017-10-012018-09-30SC038581ns10:AuditExempt-NoAccountantsReport2017-10-012018-09-30SC038581ns10:SmallCompaniesRegimeForDirectorsReport2017-10-012018-09-30SC038581ns10:SmallCompaniesRegimeForAccounts2017-10-012018-09-30SC038581ns10:FullAccounts2017-10-012018-09-30SC038581ns10:OrdinaryShareClass12017-10-012018-09-30SC038581ns10:OrdinaryShareClass22017-10-012018-09-30SC038581ns10:RegisteredOffice2017-10-012018-09-30SC038581ns5:CurrentFinancialInstruments2018-09-30SC038581ns5:CurrentFinancialInstruments2017-09-30SC038581ns5:ShareCapital2018-09-30SC038581ns5:ShareCapital2017-09-30SC038581ns5:LandBuildingsns5:OwnedOrFreeholdAssets2017-10-012018-09-30SC038581ns5:PlantMachinery2017-10-012018-09-30SC038581ns5:FurnitureFittings2017-10-012018-09-30SC038581ns5:MotorVehicles2017-10-012018-09-30SC038581ns5:ComputerEquipment2017-10-012018-09-30SC038581ns5:LandBuildings2017-09-30SC038581ns5:PlantMachinery2017-09-30SC038581ns5:FurnitureFittings2017-09-30SC038581ns5:LandBuildings2018-09-30SC038581ns5:PlantMachinery2018-09-30SC038581ns5:FurnitureFittings2018-09-30SC038581ns5:LandBuildings2017-10-012018-09-30SC038581ns5:LandBuildings2017-09-30SC038581ns5:PlantMachinery2017-09-30SC038581ns5:FurnitureFittings2017-09-30SC038581ns5:MotorVehicles2017-09-30SC038581ns5:ComputerEquipment2017-09-30SC038581ns5:MotorVehicles2018-09-30SC038581ns5:ComputerEquipment2018-09-30SC038581ns5:MotorVehicles2017-09-30SC038581ns5:ComputerEquipment2017-09-30SC038581ns5:CurrentFinancialInstrumentsns5:WithinOneYear2018-09-30SC038581ns5:CurrentFinancialInstrumentsns5:WithinOneYear2017-09-30SC038581ns5:DeferredTaxation2017-09-30SC038581ns5:DeferredTaxation2017-10-012018-09-30SC038581ns5:DeferredTaxation2018-09-30SC038581ns10:OrdinaryShareClass12018-09-30SC038581ns10:OrdinaryShareClass22018-09-30SC038581ns5:RetainedEarningsAccumulatedLosses2017-09-30SC038581ns5:CapitalRedemptionReserve2017-09-30SC038581ns5:RetainedEarningsAccumulatedLosses2017-10-012018-09-30SC038581ns5:RetainedEarningsAccumulatedLosses2018-09-30SC038581ns5:CapitalRedemptionReserve2018-09-30


REGISTERED NUMBER: SC038581 (Scotland)
















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2018

FOR

ALEXANDER ANDERSON LIMITED

ALEXANDER ANDERSON LIMITED (REGISTERED NUMBER: SC038581)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ALEXANDER ANDERSON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2018







DIRECTOR: Mr M Scott





REGISTERED OFFICE: 6 Crofthead Road
Prestwick
Ayrshire
KA9 1HW





REGISTERED NUMBER: SC038581 (Scotland)





ACCOUNTANTS: Firstax Limited
AFM House
6 Crofthead Road
Prestwick
Ayrshire
KA9 1HW

ALEXANDER ANDERSON LIMITED (REGISTERED NUMBER: SC038581)

BALANCE SHEET
30TH SEPTEMBER 2018

30.9.18 30.9.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 63,098 111,264
Investment property 5 1,051,885 1,051,885
1,114,983 1,163,149

CURRENT ASSETS
Stocks 6 2,098 5,950
Debtors 7 558,210 531,549
Cash at bank and in hand 631,506 682,716
1,191,814 1,220,215
CREDITORS
Amounts falling due within one year 8 403,380 337,657
NET CURRENT ASSETS 788,434 882,558
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,903,417

2,045,707

PROVISIONS FOR LIABILITIES 9 - 16,295
NET ASSETS 1,903,417 2,029,412

CAPITAL AND RESERVES
Called up share capital 10 2,350 2,350
Capital redemption reserve 11 750 750
Retained earnings 11 1,900,317 2,026,312
SHAREHOLDERS' FUNDS 1,903,417 2,029,412

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2018 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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 5th March 2019 and were signed by:





Mr M Scott - Director


ALEXANDER ANDERSON LIMITED (REGISTERED NUMBER: SC038581)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2018

1. STATUTORY INFORMATION

Alexander Anderson 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.
Freehold property - 3.33% on cost and not provided
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is
recognised in profit or loss.

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire
purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over
their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the
future payments is treated as a liability.

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.

ALEXANDER ANDERSON LIMITED (REGISTERED NUMBER: SC038581)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2018

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2017 - 30 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1st October 2017 70,698 3,387 45,380
At 30th September 2018 70,698 3,387 45,380
DEPRECIATION
At 1st October 2017 57,421 3,387 44,846
Charge for year 2,354 - 134
Eliminated on disposal - - -
At 30th September 2018 59,775 3,387 44,980
NET BOOK VALUE
At 30th September 2018 10,923 - 400
At 30th September 2017 13,277 - 534

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st October 2017 280,526 41,358 441,349
Additions 65,134 - 65,134
Disposals (209,850 ) - (209,850 )
At 30th September 2018 135,810 41,358 296,633
DEPRECIATION
At 1st October 2017 186,962 37,469 330,085
Charge for year 14,095 972 17,555
Eliminated on disposal (114,105 ) - (114,105 )
At 30th September 2018 86,952 38,441 233,535
NET BOOK VALUE
At 30th September 2018 48,858 2,917 63,098
At 30th September 2017 93,564 3,889 111,264

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st October 2017
and 30th September 2018 1,051,885
NET BOOK VALUE
At 30th September 2018 1,051,885
At 30th September 2017 1,051,885

ALEXANDER ANDERSON LIMITED (REGISTERED NUMBER: SC038581)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2018

5. INVESTMENT PROPERTY - continued

Fair value at 30th September 2018 is represented by:

£   
Valuation in 2014 693,839
Valuation in 2015 46,161
Valuation in 2016 95,284
Valuation in 2017 216,601
1,051,885

If investment property had not been revalued it would have been included at the following historical cost:

30.9.18 30.9.17
£    £   
Cost 1,005,724 1,005,724

Investment property was valued on an open market basis on 30th September 2018 by the director. .

6. STOCKS
30.9.18 30.9.17
£    £   
Stocks 2,098 5,950

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.18 30.9.17
£    £   
Trade debtors 360,915 469,827
Amounts owed by participating interests 12,256 12,243
Other debtors 500 8,595
Deferred tax asset 3,462 -
Prepayments and accrued income 181,077 40,884
558,210 531,549

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.18 30.9.17
£    £   
Trade creditors 43,866 77,523
Tax (8,901 ) 8,901
Social security and other taxes 22,896 21,847
VAT 77,360 92,414
Other creditors 21,478 18,466
Directors' current accounts 32,789 4,323
Accrued expenses 213,892 114,183
403,380 337,657

9. PROVISIONS FOR LIABILITIES
30.9.17
£   
Deferred tax 16,295

ALEXANDER ANDERSON LIMITED (REGISTERED NUMBER: SC038581)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2018

9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1st October 2017 16,295
Provided during year (19,757 )
Balance at 30th September 2018 (3,462 )

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.18 30.9.17
value: £    £   
2,250 Ordinary £1 2,250 2,250
100 Ordinary B £1 100 100
2,350 2,350

11. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1st October 2017 2,026,312 750 2,027,062
Deficit for the year (90,995 ) (90,995 )
Dividends (35,000 ) (35,000 )
At 30th September 2018 1,900,317 750 1,901,067

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the year end the company owed the director Mr M J Scott £32,789 (2017: £4,323). The loan is interest free and has no
fixed terms of repayment

13. RELATED PARTY DISCLOSURES

During the year, total dividends of £35,000 were paid to the director .

At 30th September 2018 Alexa Drain Clear Limited (formerly Michael Scott Consultancy Limited), a company in which the
director of Alexander Anderson Limited is a sole director and majority shareholder, owed Alexander Anderson Limited
£12,256 (2017: £12,243).

14. ULTIMATE CONTROLLING PARTY

The controlling party is Mr M Scott.