Alexander Anderson Limited - Accounts to registrar (filleted) - small 18.2
Alexander Anderson Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30TH SEPTEMBER 2019 |
| FOR |
| ALEXANDER ANDERSON LIMITED |
| ALEXANDER ANDERSON LIMITED (REGISTERED NUMBER: SC038581) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30TH SEPTEMBER 2019 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| ALEXANDER ANDERSON LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 30TH SEPTEMBER 2019 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| AFM House |
| 6 Crofthead Road |
| Prestwick |
| Ayrshire |
| KA9 1HW |
| ALEXANDER ANDERSON LIMITED (REGISTERED NUMBER: SC038581) |
| BALANCE SHEET |
| 30TH SEPTEMBER 2019 |
| 30.9.19 | 30.9.18 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investment property | 5 |
| CURRENT ASSETS |
| Stocks | 6 |
| Debtors | 7 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | 9 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 10 |
| Capital redemption reserve | 11 | 1,250 | 750 |
| Retained earnings | 11 | 1,781,073 | 1,900,317 |
| SHAREHOLDERS' FUNDS |
| 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. |
| 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 |
| ALEXANDER ANDERSON LIMITED (REGISTERED NUMBER: SC038581) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30TH SEPTEMBER 2019 |
| 1. | STATUTORY INFORMATION |
| Alexander Anderson Limited is a |
| number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 |
| Freehold property | - |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| 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 |
| 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| ALEXANDER ANDERSON LIMITED (REGISTERED NUMBER: SC038581) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30TH SEPTEMBER 2019 |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Freehold | Plant and | and |
| property | machinery | fittings |
| £ | £ | £ |
| COST |
| At 1st October 2018 |
| Disposals | ( |
) | ( |
) | ( |
) |
| At 30th September 2019 |
| DEPRECIATION |
| At 1st October 2018 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) | ( |
) |
| At 30th September 2019 |
| NET BOOK VALUE |
| At 30th September 2019 |
| At 30th September 2018 |
| Motor | Computer |
| vehicles | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1st October 2018 |
| Disposals | ( |
) | ( |
) | ( |
) |
| At 30th September 2019 |
| DEPRECIATION |
| At 1st October 2018 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) | ( |
) |
| At 30th September 2019 |
| NET BOOK VALUE |
| At 30th September 2019 |
| At 30th September 2018 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1st October 2018 |
| Additions |
| Disposals | ( |
) |
| At 30th September 2019 |
| NET BOOK VALUE |
| At 30th September 2019 |
| At 30th September 2018 |
| ALEXANDER ANDERSON LIMITED (REGISTERED NUMBER: SC038581) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30TH SEPTEMBER 2019 |
| 5. | INVESTMENT PROPERTY - continued |
| Fair value at 30th September 2019 is represented by: |
| £ |
| Valuation in 2014 | 693,839 |
| Valuation in 2015 | 46,161 |
| Valuation in 2016 | 95,284 |
| Valuation in 2017 | 216,601 |
| Valuation in 2019 | (86,172 | ) |
| 965,713 |
| If investment property had not been revalued it would have been included at the following historical cost: |
| 30.9.19 | 30.9.18 |
| £ | £ |
| Cost | 928,858 | 1,005,724 |
| Investment property was valued on an open market basis on 30th September 2019 by the director. . |
| 6. | STOCKS |
| 30.9.19 | 30.9.18 |
| £ | £ |
| Stocks |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.9.19 | 30.9.18 |
| £ | £ |
| Trade debtors |
| Amounts owed by participating interests | - | 12,256 |
| Other debtors |
| Deferred tax asset |
| Prepayments and accrued income |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.9.19 | 30.9.18 |
| £ | £ |
| Trade creditors |
| Tax | ( |
) | ( |
) |
| Social security and other taxes |
| VAT |
| Other creditors |
| Directors' current accounts |
| Accrued expenses |
| 9. | PROVISIONS FOR LIABILITIES |
| 30.9.19 |
| £ |
| Deferred tax |
| ALEXANDER ANDERSON LIMITED (REGISTERED NUMBER: SC038581) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30TH SEPTEMBER 2019 |
| 9. | PROVISIONS FOR LIABILITIES - continued |
| Deferred |
| tax |
| £ |
| Balance at 1st October 2018 | ( |
) |
| Provided during year |
| Balance at 30th September 2019 |
| 10. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 30.9.19 | 30.9.18 |
| value: | £ | £ |
| Ordinary | £1 | 1,750 | 2,250 |
| Ordinary B | £1 | 100 | 100 |
| 1,850 | 2,350 |
| 11. | RESERVES |
| Capital |
| Retained | redemption |
| earnings | reserve | Totals |
| £ | £ | £ |
| At 1st October 2018 | 1,854,906 |
| Profit for the year |
| Dividends | ( |
) | ( |
) |
| Purchase of own shares | (370,000 | ) | 500 | (369,500 | ) |
| Revaluation surplus | 36,855 | - | 36,855 |
| At 30th September 2019 | 1,782,323 |
| 12. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| At the year end the company owed the director Mr M J Scott £2,461 (2018: £32,789). The loan is interest free and has no |
| fixed terms of repayment. |
| 13. | RELATED PARTY DISCLOSURES |
| On 4th April 2019, Alexander Anderson Limited bought back 500 ordinary shares for a consideration of £370,000 from Mrs |
| E Grant, a direct relation of Mr M Scott, director. |
| 14. | ULTIMATE CONTROLLING PARTY |
| The controlling party is Mr M Scott. |