DOUGLAS REID LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022
Company Registration Number SC419595 (Scotland)
PAGES FOR FILING WITH REGISTRAR
DOUGLAS REID LTD
BALANCE SHEET
AS AT
30 SEPTEMBER 2022
30 September 2022
- 1 -
2022
2021
£
£
£
£
Fixed assets
2,500
2,500
Current assets
1,007,643
913,898
Prepayments and accrued income
6,187
Creditors: amounts falling due within one year
(83,397)
(961)
Net current assets
930,433
912,937
Total assets less current liabilities
932,933
915,437
Net assets
932,933
915,437
Capital and reserves
932,933
915,437
Notes to the financial statements
1
Employees
The average number of persons
,
including directors
,
employed by the company during the year wa
s as follows:
2022
2021
Number
Number
Employees
2
2
2
Related party transactions
The company received management fees of £54,000 (2021 - £54,000) and dividends of £75,000 (2021 - £135,000) from an associated company.
Included within 'Creditors due within one year' are amounts totalling £70,156 (2021 - £156) due by the company to the directors. These loans are repayable on demand and do not bear interest.
Douglas Reid Ltd is a private company limited by shares incorporated in Scotland. The registered office is The Paddock, Cutstraw Road, Stewarton, Ayrshire, KA3 5HU.
For the year ended 30 September 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
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.
DOUGLAS REID LTD
BALANCE SHEET (CONTINUED)
AS AT
30 SEPTEMBER 2022
30 September 2022
- 2 -
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 28 November 2022 and are signed on its behalf by:
Mr Douglas Reid
Director
Company Registration Number SC419595