Francis Campbell Limited - Accounts to registrar (filleted) - small 23.1

REGISTERED NUMBER: SC334461 (Scotland)

Abridged Financial Statements for the Year Ended 30 November 2022

for

Francis Campbell Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A C Astley-Jones

Mrs M C Younger

SECRETARY:

Mrs M C Younger

REGISTERED OFFICE:

Traprain Cottage

7 Traprain

Haddington

East Lothian

EH41 4PY

REGISTERED NUMBER:

SC334461 (Scotland)

ACCOUNTANT:

Alan Carmichael C.A.

1/2

69 Clouston Street

Glasgow

G20 8QW

FIXED ASSETS

Intangible assets

4

2,181

2,726

Tangible assets

5

40,075

21,517

42,256

24,243

CURRENT ASSETS

Stocks

8,250

7,550

Debtors

11,439

3,839

Cash at bank

2,253

67,035

21,942

78,424

CREDITORS

Amounts falling due within one year

103,814

116,944

NET CURRENT LIABILITIES

(81,872

)

(38,520

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(39,616

)

(14,277

)

PROVISIONS FOR LIABILITIES

11,702

4,088

NET LIABILITIES

(51,318

)

(18,365

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(51,320

)

(18,367

)

SHAREHOLDERS' FUNDS

(51,318

)

(18,365

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 November 2022 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 August 2023 and were signed on its behalf by:

Mrs M C Younger - Director

1.	STATUTORY INFORMATION

Francis Campbell 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2021 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 December 2021

and 30 November 2022

32,500

AMORTISATION

At 1 December 2021

29,774

Amortisation for year

545

At 30 November 2022

30,319

NET BOOK VALUE

At 30 November 2022

2,181

At 30 November 2021

2,726

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 December 2021

73,591

Additions

24,237

At 30 November 2022

97,828

DEPRECIATION

At 1 December 2021

52,074

Charge for year

5,679

At 30 November 2022

57,753

NET BOOK VALUE

At 30 November 2022

40,075

At 30 November 2021

21,517

6.	ULTIMATE CONTROLLING PARTY

The controlling party is Mrs M C Younger.

The ultimate controlling party is Mrs M C Younger.