Company Registration No. SC368019 (Scotland)
Aden Specialist Trades LTD.
Unaudited accounts
for the year ended 30 November 2022
Aden Specialist Trades LTD.
Unaudited accounts
Contents
Aden Specialist Trades LTD.
Company Information
for the year ended 30 November 2022
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 2022
Tangible assets
242,802
247,352
Cash at bank and in hand
(31,235)
(82,518)
Creditors: amounts falling due within one year
(429,426)
(271,692)
Net current liabilities
(58,686)
(47,890)
Total assets less current liabilities
184,116
199,462
Creditors: amounts falling due after more than one year
(121,598)
(138,915)
Provisions for liabilities
Deferred tax
(10,342)
(11,197)
Called up share capital
50
50
Profit and loss account
52,126
49,300
Shareholders' funds
52,176
49,350
For the year ending 30 November 2022 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 25 August 2023 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 2022
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 2022
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 2021
188,220
51,570
59,242
3,340
302,372
At 30 November 2022
188,220
51,570
59,242
3,340
302,372
At 1 December 2021
-
41,587
11,015
2,418
55,020
Charge for the year
-
2,496
1,823
231
4,550
At 30 November 2022
-
44,083
12,838
2,649
59,570
At 30 November 2022
188,220
7,487
46,404
691
242,802
At 30 November 2021
188,220
9,983
48,227
922
247,352
Amounts falling due within one year
Trade debtors
142,299
163,550
Accrued income and prepayments
227,109
142,770
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
20,863
19,976
Obligations under finance leases and hire purchase contracts
2,354
3,666
Trade creditors
210,764
80,001
Taxes and social security
127,544
110,781
Other creditors
14,211
9,597
Loans from directors
(1,211)
(3,909)
7
Creditors: amounts falling due after more than one year
2022
2021
Bank loans
121,598
136,560
Obligations under finance leases and hire purchase contracts
-
2,355
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 2022
9
Average number of employees
During the year the average number of employees was 17 (2021: 15).
