Sinclair_Wood_Management_services_Ltd_30_Jun_2023_companies_house_set_of_accounts.html
Sinclair_Wood_Management_services_Ltd_30_Jun_2023_companies_house_set_of_accounts.html
Company registration number:
Report to the board of directors on the preparation of the unaudited statutory financial statements of Sinclair Wood Management Services Ltd.
Year ended 30 June 2023
As described on the statement of financial position, the Board of Directors of Sinclair Wood Management Services Ltd. are responsible for the preparation of the financial statements for the year ended 30 June 2023 , which comprise the income statement, statement of income and retained earnings, statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
12 Somerset PlaceGlasgowG3 7JTUnited Kingdom
Date:
28 March 2024
Statement of Financial Position
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Note | £ | £ | |||
| Fixed assets | |||||
| Investments | 5 |
|
|
||
| Creditors: amounts falling due within one year | 6 |
(
|
) |
(
|
) |
| Net current liabilities |
(
|
) |
(
|
) | |
| Total assets less current liabilities | 164,573 | 179,889 | |||
| Capital and reserves | |||||
| Called up share capital |
|
|
|||
| Profit and loss account |
|
|
|||
| Shareholders funds |
|
|
|||
For the year ending 30 June 2023 , the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476; The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies’ regime.
In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 28 March 2024 , and are signed on behalf of the board by:
| Director |
Company registration number:
SC165831
Notes to the Financial Statements
Year ended 30 June 2023
1 General information
The company is a private company limited by shares and is registered in Scotland. The address of the registered office is Aincroft 18 Neidpath Road West , Giffnock , Glasgow , G46 6SS , .
2 Statement of compliance
These financial statements have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.
3 Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The financial statements are prepared in sterling, which is the functional currency of the company.
Current tax
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Fixed asset investments
Investments in subsidiaries, associates and joint ventures accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.
Investments in subsidiaries, associates and joint ventures accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income or profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted.
Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Other fixed asset investments which are listed are measured at fair value with changes in fair value being recognised in profit or loss.
All other Investments held as fixed assets are initially recorded at cost, and are subsequently stated at cost less any accumulated impairment losses.
4 Average number of employees
The average number of persons employed by the company during the year was nil (2022: 1 ).
5 Investments
| Other investments other than loans | ||
|---|---|---|
| £ | ||
| Cost | ||
| At |
|
|
| Additions |
|
|
| At |
|
|
| Impairment | ||
| At |
- | |
| Carrying amount | ||
| At |
|
|
| At 30 June 2022 |
|
|
6 Creditors: amounts falling due within one year
| 2023 | 2022 | |||
|---|---|---|---|---|
| £ | £ | |||
| Taxation and social security | - |
|
||
| Other creditors |
|
|
||
|
|
|
|||