Drumbraevets Limited - Period Ending 2023-03-31
Drumbraevets Limited - Period Ending 2023-03-31
Registration number:
Drumbraevets Limited
for the Year Ended 31 March 2023
Drumbraevets Limited
Contents
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Abridged Balance Sheet |
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Notes to the Unaudited Abridged Financial Statements |
Drumbraevets Limited
(Registration number: SC407897)
Abridged Balance Sheet as at 31 March 2023
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2023 |
2022 |
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Current assets |
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Debtors |
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Capital and reserves |
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Called up share capital |
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Share premium reserve |
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Total equity |
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For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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The director acknowledges his 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 has been taken.
All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.
Approved and authorised by the
S W McMorrow
Director
Drumbraevets Limited
Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2023
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General information |
The company is a private company limited by share capital, incorporated in Scotland.
The address of its registered office is:
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Accounting policies |
Statement of compliance
These abridged financial statements were 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 abridged 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.
Revenue recognition
Turnover represents the amounts, excluding value added tax, derived from the provision of goods and services to customers during the year.
Tax
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
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.
Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to sell.
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Staff numbers |
The average number of persons employed by the company (including the director) during the year, was