Company Registration No. SC368019 (Scotland)
Aden Specialist Trades LTD.
Unaudited accounts
for the year ended 30 November 2020
Aden Specialist Trades LTD.
Unaudited accounts
Contents
Aden Specialist Trades LTD.
Company Information
for the year ended 30 November 2020
Directors
Neil Hassan
James Young
Company Number
SC368019 (Scotland)
Registered Office
5 Ravenscroft Street
Edinburgh
EH17 8QJ
Accountants
GR Thomson & Co LTD
EH20 Business Centre
6 Dryden Road
Loanhead
Midlothian
EH20 9LZ
Aden Specialist Trades LTD.
Statement of financial position
as at 30 November 2020
Tangible assets
228,591
237,548
Cash at bank and in hand
29,442
(81,866)
Creditors: amounts falling due within one year
(200,704)
(210,086)
Net current (liabilities)/assets
(34,234)
16,279
Total assets less current liabilities
194,357
253,827
Creditors: amounts falling due after more than one year
(109,152)
(117,362)
Provisions for liabilities
Deferred tax
(7,525)
(9,250)
Called up share capital
50
50
Profit and loss account
77,630
127,165
Shareholders' funds
77,680
127,215
For the year ending 30 November 2020 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 26 August 2021 and were signed on its behalf by
Neil Hassan
Director
Company Registration No. SC368019
Aden Specialist Trades LTD.
Notes to the Accounts
for the year ended 30 November 2020
Aden Specialist Trades LTD. is a private company, limited by shares, registered in Scotland, registration number SC368019. The registered office is 5 Ravenscroft Street , Edinburgh, EH17 8QJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% Reducing Balance
Computer equipment
25% Reducing Balance
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Aden Specialist Trades LTD.
Notes to the Accounts
for the year ended 30 November 2020
4
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 December 2019
188,220
75,548
29,242
2,515
295,525
At 30 November 2020
188,220
75,548
29,242
2,515
295,525
At 1 December 2019
-
49,190
6,740
2,047
57,977
Charge for the year
-
6,590
2,250
117
8,957
At 30 November 2020
-
55,780
8,990
2,164
66,934
At 30 November 2020
188,220
19,768
20,252
351
228,591
At 30 November 2019
188,220
26,358
22,502
468
237,548
5
Debtors: amounts falling due within one year
2020
2019
Trade debtors
51,956
258,699
Accrued income and prepayments
77,440
49,200
6
Creditors: amounts falling due within one year
2020
2019
Bank loans and overdrafts
9,328
9,328
Obligations under finance leases and hire purchase contracts
8,025
8,025
Trade creditors
55,233
78,399
Taxes and social security
40,310
40,109
Other creditors
59,927
7,359
Loans from directors
1,409
1,246
7
Creditors: amounts falling due after more than one year
2020
2019
Bank loans
103,681
105,977
Obligations under finance leases and hire purchase contracts
5,471
11,385
Allotted, called up and fully paid:
50 Ordinary shares of £1 each
50
50
Aden Specialist Trades LTD.
Notes to the Accounts
for the year ended 30 November 2020
9
Average number of employees
During the year the average number of employees was 15 (2019: 15).
