TA Millard (Scotland) Limited Small abridged accounts
TA Millard (Scotland) Limited Small abridged accounts
Statement of Consent to Prepare Abridged Financial Statements |
COMPANY REGISTRATION NUMBER:
SC220557
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Abridged Financial Statements |
Year Ended 31st October 2019
Contents |
Page |
Report to the Board of Directors on the Preparation of the Unaudited Statutory Abridged Financial Statements |
1 |
Abridged Statement of Financial Position |
2 |
Notes to the Abridged Financial Statements |
4 |
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Report to the Board of Directors on the Preparation of the Unaudited Statutory Abridged Financial Statements of
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Year Ended 31st October 2019
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Abridged Statement of Financial Position |
2019 |
2018 |
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Note |
£ |
£ |
£ |
Fixed Assets
Tangible assets |
6 |
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Current Assets
Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
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Net Current Assets |
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Total Assets Less Current Liabilities |
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Creditors: amounts falling due after more than one year |
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Net Assets |
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Capital and Reserves
Called up share capital |
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Share premium account |
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Profit and loss account |
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Shareholders Funds |
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In accordance with section 444 of the Companies Act 2006, the abridged income statement has not been delivered.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476
;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
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Abridged Statement of Financial Position (continued) |
These abridged financial statements were approved by the
board of directors
and authorised for issue on
13 May 2020
, and are signed on behalf of the board by:
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Director |
Company registration number:
SC220557
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Notes to the Abridged Financial Statements |
Year Ended 31st October 2019
1.
General Information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is Seabraes 18 Greenmarket, Dundee, DD1 4QB, Scotland.
2.
Statement of Compliance
3.
Accounting Policies
Basis of Preparation
Revenue Recognition
Income Tax
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill |
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If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible Assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Tenants Improvements |
- |
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Plant & Machinery |
- |
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Fixtures & Fittings |
- |
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Equipment |
- |
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Impairment of Fixed Assets
Stocks
Financial Instruments
Defined Contribution Plans
4.
Employee Numbers
The average number of persons employed by the company during the year amounted to
23
(2018:
25
).
5.
Intangible Assets
£ |
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Cost |
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At 1st November 2018 and 31st October 2019 |
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Amortisation |
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At 1st November 2018 and 31st October 2019 |
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Carrying amount |
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At 31st October 2019 |
– |
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At 31st October 2018 |
– |
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6.
Tangible Assets
£ |
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Cost |
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At 1st November 2018 |
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Additions |
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At 31st October 2019 |
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Depreciation |
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At 1st November 2018 |
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Charge for the year |
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At 31st October 2019 |
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Carrying amount |
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At 31st October 2019 |
52,294 |
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At 31st October 2018 |
43,663 |
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7.
Related Party Transactions
As at 31st October 2019, the company was under the control of Seabraes Ltd. Mr Kenneth Pirie is the managing director of both
TA Millard (Scotland) Limited
and Seabraes Ltd. At the year end, TA Millard (Scotland) Limited
was due to receive an amount of £255,803 (2018 - £252,803) from Seabraes Ltd, of which K Pirie and M Pirrie are directors, in relation to amounts advanced during the year. There is no interest accruing on this balance and no payment terms have been set. During the period, TA Millard (Scotland) Limited
, paid management charges of £106,692 (2018 - £66,110) to Seabraes Ltd. At the year end, there is a balance of £7,154 (2018 - £nil) included within trade creditors relating to amounts due to Seabraes Ltd.
8.
Ultimate Parent Company
The ultimate parent undertaking is Seabraes Limited, a company incorporated in Scotland.