A and A Paisley Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC659019 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 8 APRIL 2020 TO 30 APRIL 2021

FOR

A AND A PAISLEY LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

G Mccaw

REGISTERED OFFICE:

Unit 11

Mossedge Industrial Estate

Moss Road, Linwood

Paisley

PA3 3HR

REGISTERED NUMBER:

SC659019 (Scotland)

ACCOUNTANTS:

Kean Jarman & Company

Chartered Accountants

27 Ingram Street

Glasgow

G1 1HA

FIXED ASSETS

Tangible assets

4

75,707

CURRENT ASSETS

Debtors

5

82,603

Cash at bank and in hand

49,258

131,861

CREDITORS

Amounts falling due within one year

6

142,997

NET CURRENT LIABILITIES

(11,136

)

TOTAL ASSETS LESS CURRENT LIABILITIES

64,571

PROVISIONS FOR LIABILITIES

8,682

NET ASSETS

55,889

CAPITAL AND RESERVES

Called up share capital

1

Retained earnings

55,888

55,889

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2021.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 2021 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 applicable to companies subject to the small companies regime.

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 and authorised for issue on 26 May 2022 and were signed by:

G Mccaw - Director

1.	STATUTORY INFORMATION

A and A Paisley Ltd 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.

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.

Improvements to property

-

10% on cost

Plant and machinery

-

25% on cost

Motor vehicles

-

33% on cost

Computer equipment

-

25% on cost

Taxation

Taxation for the period 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 period 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.

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 period was 14 .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

Additions

9,251

34,989

36,371

803

81,414

At 30 April 2021

9,251

34,989

36,371

803

81,414

DEPRECIATION

Charge for period

477

3,116

2,014

100

5,707

At 30 April 2021

477

3,116

2,014

100

5,707

NET BOOK VALUE

At 30 April 2021

8,774

31,873

34,357

703

75,707

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

5,092

Other debtors

77,511

82,603

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

44,019

Taxation and social security

13,554

Other creditors

85,424

142,997

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At 30/04/2021 an amount of £75,548 is owed to the company director. The loan is interest free with not fixed date of repayment. The loan is disclosed in other creditors.