Beaver Homes (Tayside) Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: SC184868 (Scotland)

Unaudited Financial Statements for the Year Ended 30 April 2022

for

Beaver Homes (Tayside) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

W F Begg

SECRETARY:

Mrs Y A Begg

REGISTERED OFFICE:

Shielhill Road

Tealing

By Dundee

Angus

DD4 0QN

REGISTERED NUMBER:

SC184868 (Scotland)

ACCOUNTANTS:

Winton & Co

16 Hamilton Street

Broughty Ferry

Dundee

DD5 2NR

FIXED ASSETS

Tangible assets

4

840

2,110

CURRENT ASSETS

Stocks

5

-

340,342

Debtors

6

-

356

Cash at bank

530,494

926,896

530,494

1,267,594

CREDITORS

Amounts falling due within one year

7

4,662

757,524

NET CURRENT ASSETS

525,832

510,070

TOTAL ASSETS LESS CURRENT LIABILITIES

526,672

512,180

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

526,670

512,178

SHAREHOLDERS' FUNDS

526,672

512,180

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2022 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 18 January 2023 and were signed by:

W F Begg - Director

1.	STATUTORY INFORMATION

Beaver Homes (Tayside) Limited 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.

Plant and machinery etc

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Debtors

Trade and other debtors are recognised at the settlement amount due after any discount offered. Prepayments are valued at the amount prepaid after taking account of any discounts offered.

Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors

Creditors and provisions are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any discounts due.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2021

and 30 April 2022

8,850

DEPRECIATION

At 1 May 2021

6,740

Charge for year

1,270

At 30 April 2022

8,010

NET BOOK VALUE

At 30 April 2022

840

At 30 April 2021

2,110

5.

STOCKS

30.4.22

30.4.21

£

£

Stocks

-

340,342

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.22

30.4.21

£

£

Other debtors

-

356

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.22

30.4.21

£

£

Trade creditors

-

607,941

Taxation and social security

3,697

68,618

Other creditors

965

80,965

4,662

757,524

8.	ULTIMATE CONTROLLING PARTY

The controlling party is W Begg & Y Begg.