| |
|
2021 |
|
2020 |
| |
|
£ |
£ |
|
£ |
£ |
| Fixed assets |
|
|
528 |
|
|
660 |
| Current assets |
|
38,421 |
|
|
51,325 |
|
| Prepayments and accrued income |
|
26 |
|
|
24 |
|
| Creditors: amount falling due within one year |
|
(6,149) |
|
|
(11,796) |
|
|
Net current assets
|
|
|
32,298
|
|
|
39,553
|
|
Total assets less current liabilities
|
|
|
32,826 |
|
|
40,213 |
|
Net assets
|
|
|
32,826 |
|
|
40,213 |
| |
|
|
|
|
|
|
|
Capital and reserves
|
|
|
32,826 |
|
|
40,213 |
| |
NOTES TO THE ACCOUNTS
General Information
Tweedieside Services Ltd is a private company, limited by shares, registered in Scotland, registration number SC382724, registration address The Steading, Tweedieside Farm, Sandford, South Lanarkshire, ML10 6PJ.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Computer Equipment |
5 Straight Line
|
|
| 2. |
Tangible fixed assets
| Cost or valuation |
Plant and Machinery |
|
Motor Vehicles |
|
Computer Equipment |
|
Total |
| |
£ |
|
£ |
|
£ |
|
£ |
| At 01 April 2020 |
2,736 |
|
19,872 |
|
1,138 |
|
23,746 |
| Additions |
- |
|
- |
|
- |
|
- |
| Disposals |
- |
|
- |
|
- |
|
- |
| At 31 March 2021 |
2,736 |
|
19,872 |
|
1,138 |
|
23,746 |
| Depreciation |
| At 01 April 2020 |
2,736 |
|
19,872 |
|
478 |
|
23,086 |
| Charge for year |
- |
|
- |
|
132 |
|
132 |
| On disposals |
- |
|
- |
|
- |
|
- |
| At 31 March 2021 |
2,736 |
|
19,872 |
|
610 |
|
23,218 |
| Net book values |
| Closing balance as at 31 March 2021 |
- |
|
- |
|
528 |
|
528 |
| Opening balance as at 01 April 2020 |
- |
|
- |
|
660 |
|
660 |
|
| 3. |
Average number of employees
Average number of employees during the year was 1 (2020 : 1).
|
For the year ended 31 March 2021 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.
Director's Responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and FRS 105, the financial reporting standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.
The members have agreed to the preparation of abridged accounts.
The financial statements were approved by the director on 06 October 2021 and were signed by: --------------------------------
Joseph Henderson
Director |
1
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