Geo.A.Scanlan & Son Limited - Period Ending 2023-07-31

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 2023

	Note	2023 £	2022 £
Fixed assets
Tangible assets	4	150,114	150,114
Current assets
Debtors	5	150,344	164,157
Cash at bank and in hand		20,813	44,119
		171,157	208,276
Creditors: Amounts falling due within one year	6	(51,875)	(70,626)
Net current assets		119,282	137,650
Net assets		269,396	287,764
Capital and reserves
Called up share capital		17,555	17,555
Retained earnings		251,841	270,209
Shareholders' funds		269,396	287,764

For the financial year ending 31 July 2023 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 27 February 2024 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 2023

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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 2023

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
Freehold Property	not depreciated

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2022 - 3).

Geo.A.Scanlan & Son Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

4	Tangible assets

	Land and buildings £	Total £
Cost or valuation
At 1 August 2022	150,114	150,114
At 31 July 2023	150,114	150,114
Depreciation
Carrying amount
At 31 July 2023	150,114	150,114
At 31 July 2022	150,114	150,114

5

Debtors

Current	Note	2023 £	2022 £
Trade debtors		8,383	11,365
Amounts owed by related parties		133,473	144,304
Other debtors		8,488	8,488
		150,344	164,157

6

Creditors

Creditors: amounts falling due within one year

	2023 £	2022 £
Due within one year
Trade creditors	45,968	65,736
Taxation and social security	5,309	4,317
Other creditors	598	573
	51,875	70,626