Geo.A.Scanlan & Son Limited - Period Ending 2022-07-31

Geo.A.Scanlan & Son Limited

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 4

Geo.A.Scanlan & Son Limited

(Registration number: 00690994)
Balance Sheet as at 31 July 2022

	Note	2022 £	2021 £
Fixed assets
Tangible assets	4	150,114	150,114
Current assets
Debtors	5	164,157	238,461
Cash at bank and in hand		44,119	96,565
		208,276	335,026
Creditors: Amounts falling due within one year	6	(70,626)	(130,781)
Net current assets		137,650	204,245
Net assets		287,764	354,359
Capital and reserves
Called up share capital		17,555	17,555
Profit and loss account		270,209	336,804
Shareholders' funds		287,764	354,359

For the financial year ending 31 July 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account and Directors Report has been taken.

Approved and authorised by the Board on 19 December 2022 and signed on its behalf by:
 

......................................... Miss K Scanlan Director

Geo.A.Scanlan & Son Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2022

1	General information

The company is a private company limited by share capital, incorporated in Other.

The address of its registered office is:
The Old Mill
Tricketts Lane
Willaston
Nantwich
Cheshire
CW5 6PZ

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

Tax

The tax expense for the period comprises tax.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Geo.A.Scanlan & Son Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2022

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% on reducing balance
Fixtures and fittings	15% on reducing balance
Motor vehicles	25% on cost and 25% on reducing balance

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2021 - 3).

Geo.A.Scanlan & Son Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2022

4	Tangible assets

	Land and buildings £	Total £
Cost or valuation
At 1 August 2021	150,114	150,114
At 31 July 2022	150,114	150,114
Depreciation
Carrying amount
At 31 July 2022	150,114	150,114
At 31 July 2021	150,114	150,114

5

Debtors

	Note	2022 £	2021 £
Trade debtors		11,365	13,123
Amounts owed by group undertakings and undertakings in which the company has a participating interest		144,304	224,674
Other debtors		8,488	664
		164,157	238,461

6

Creditors

Creditors: amounts falling due within one year

	2022 £	2021 £
Due within one year
Trade creditors	65,736	48,334
Taxation and social security	4,317	7,697
Other creditors	573	74,750
	70,626	130,781