NORTHERN COMMERCIALS (SCOTLAND) LTD

NORTHERN COMMERCIALS (SCOTLAND) LTD

NORTHERN COMMERCIALS (SCOTLAND) LTD - Company Information

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NORTHERN COMMERCIALS (SCOTLAND) LTD

Company Registration Number:
SC259506 (Scotland)

Unaudited abridged accounts for the year ended 31 December 2021

Period of accounts

Start date: 01 January 2021

End date: 31 December 2021

NORTHERN COMMERCIALS (SCOTLAND) LTD

Contents of the Financial Statements

for the Period Ended 31 December 2021

Balance sheet
Notes

NORTHERN COMMERCIALS (SCOTLAND) LTD

Balance sheet

As at 31 December 2021


Notes
2021
2020


£
£
Fixed assets
Tangible assets: 3 210,350 194,097
Total fixed assets: 210,350 194,097
Current assets
Stocks: 565,811 423,322
Debtors:   21,591 14,646
Cash at bank and in hand: 131,646 57,378
Total current assets: 719,048 495,346
Creditors: amounts falling due within one year: 4 (455,549) (348,422)
Net current assets (liabilities): 263,499 146,924
Total assets less current liabilities: 473,849 341,021
Creditors: amounts falling due after more than one year: 5 (56,032) (71,417)
Provision for liabilities: (38,100) (36,878)
Total net assets (liabilities): 379,717 232,726
Capital and reserves
Called up share capital: 200 200
Profit and loss account: 379,517 232,526
Shareholders funds: 379,717 232,726

The notes form part of these financial statements

NORTHERN COMMERCIALS (SCOTLAND) LTD

Balance sheet statements

For the year ending 31 December 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 29 September 2022
and signed on behalf of the board by:

Name: Thomas Fraser Bradley
Status: Director

The notes form part of these financial statements

NORTHERN COMMERCIALS (SCOTLAND) LTD

Notes to the Financial Statements

for the Period Ended 31 December 2021

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

NORTHERN COMMERCIALS (SCOTLAND) LTD

Notes to the Financial Statements

for the Period Ended 31 December 2021

2. Employees

2021 2020
Average number of employees during the period 8 8

NORTHERN COMMERCIALS (SCOTLAND) LTD

Notes to the Financial Statements

for the Period Ended 31 December 2021

3. Tangible Assets

Total
Cost £
At 01 January 2021 269,975
Additions 84,700
Disposals (65,831)
At 31 December 2021 288,844
Depreciation
At 01 January 2021 75,878
Charge for year 39,010
On disposals (36,394)
At 31 December 2021 78,494
Net book value
At 31 December 2021 210,350
At 31 December 2020 194,097

NORTHERN COMMERCIALS (SCOTLAND) LTD

Notes to the Financial Statements

for the Period Ended 31 December 2021

4. Creditors: amounts falling due within one year note

Hire Purchase agreements are secured over the assets acquired.

NORTHERN COMMERCIALS (SCOTLAND) LTD

Notes to the Financial Statements

for the Period Ended 31 December 2021

5. Creditors: amounts falling due after more than one year note

Hire Purchase agreements are secured over the assets acquired.