Pollock Farm Equipment Limited Filleted accounts for Companies House (small and micro)
Pollock Farm Equipment Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
SC181634
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For the year ended |
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Statement of Financial Position |
2023 |
2022 |
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Note |
£ |
£ |
Fixed assets
Tangible assets |
5 |
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Current assets
Stocks |
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Debtors |
6 |
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Investments |
7 |
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Cash at bank and in hand |
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--------- |
--------- |
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Creditors: amounts falling due within one year |
8 |
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--------- |
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Net current assets |
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--------- |
--------- |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
9 |
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Provisions
Taxation including deferred tax |
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--------- |
--------- |
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Net assets |
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--------- |
--------- |
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Capital and reserves
Called up share capital |
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Profit and loss account |
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--------- |
--------- |
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Shareholders funds |
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In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
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Statement of Financial Position (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
26 February 2024
, and are signed on behalf of the board by:
|
Director |
Company registration number:
SC181634
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Notes to the Financial Statements |
Year ended 31 May 2023
1.
General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is Unit 1, IMEX Business Centre, Lugar, Cumnock, KA18 3JG.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Revenue recognition
Income tax
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:
Plant and machinery |
- |
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Fixtures and fittings |
- |
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Motor vehicles |
- |
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Computer equipment |
- |
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Impairment of fixed assets
Stocks
Finance leases and hire purchase contracts
Government grants
Provisions
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
13
(2022:
13
).
5.
Tangible assets
Land and buildings |
Plant and machinery |
Fixtures and fittings |
Motor vehicles |
Equipment |
Total |
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£ |
£ |
£ |
£ |
£ |
£ |
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Cost |
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At 1 Jun 2022 |
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Additions |
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– |
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Disposals |
– |
– |
– |
(
|
– |
(
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--------- |
--------- |
------- |
--------- |
-------- |
--------- |
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At 31 May 2023 |
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--------- |
--------- |
------- |
--------- |
-------- |
--------- |
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Depreciation |
||||||
At 1 Jun 2022 |
– |
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Charge for the year |
– |
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Disposals |
– |
– |
– |
(
|
– |
(
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--------- |
--------- |
------- |
--------- |
-------- |
--------- |
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At 31 May 2023 |
– |
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--------- |
--------- |
------- |
--------- |
-------- |
--------- |
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Carrying amount |
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At 31 May 2023 |
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--------- |
--------- |
------- |
--------- |
-------- |
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At 31 May 2022 |
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--------- |
--------- |
------- |
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-------- |
--------- |
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6.
Debtors
2023 |
2022 |
|
£ |
£ |
|
Trade debtors |
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Other debtors |
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--------- |
--------- |
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--------- |
--------- |
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7.
Investments
2023 |
2022 |
|
£ |
£ |
|
Other investments |
1,080 |
1,049 |
------- |
------- |
|
8.
Creditors:
amounts falling due within one year
2023 |
2022 |
|
£ |
£ |
|
Bank loans and overdrafts |
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Trade creditors |
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Social security and other taxes |
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Other creditors |
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--------- |
--------- |
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--------- |
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9.
Creditors:
amounts falling due after more than one year
2023 |
2022 |
|
£ |
£ |
|
Bank loans and overdrafts |
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Other creditors |
|
– |
-------- |
-------- |
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-------- |
-------- |
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10.
Related party transactions
Control:- The company was under the control of the directors throughout the current and previous year. The directors own the entire issued share capital. Transactions:- No transactions with related parties were undertaken such as are required to be disclosed under Section 1A of FRS 102.