Accounts filed on 31-12-2019


Registered number: SC153711






Scot Tile Contracts Limited


ACCOUNTS

FOR THE YEAR ENDED 31/12/2019
























Prepared By:
Accountancy Assured Limited
Chartered Certified Accountants & Chartered Tax Advisers
Suite 1 Beaverhall House
27 Beaverhall Road
Edinburgh
EH7 4JE


ACCOUNTS
FOR THE YEAR ENDED 31/12/2019





DIRECTORS
Keith David Smith
Colin Ian Patrick



SECRETARY
Accountancy Assured Ltd


REGISTERED OFFICE
Accountancy Assured Ltd
Suite 1, Beaverhall House
27 Beaverhall Road
Edinburgh
EH7 4JE


COMPANY DETAILS
Private company limited by shares registered in SC - Scotland, registered number SC153711



ACCOUNTANTS
Accountancy Assured Limited
Chartered Certified Accountants & Chartered Tax Advisers
Suite 1 Beaverhall House
27 Beaverhall Road
Edinburgh
EH7 4JE


ACCOUNTS
FOR THEYEARENDED31/12/2019



CONTENTS



		Page

Directors' Report		-

Accountants' Report		-

Statement Of Comprehensive Income		-

Balance Sheet		3

Notes To The Accounts		5


The following do not form part of the statutory financial statements:

Trading And Profit And Loss Account		-

Profit And Loss Account Summaries		-


BALANCE SHEET AT 31/12/2019

			2019		2018
	Notes		£		£

FIXED ASSETS
Tangible assets	3		30,901		29,631
Investment Assets	4		1,000		1,000

			31,901		30,631

CURRENT ASSETS
Stock		17,965		18,004
Debtors	6	328,393		443,872
Cash at bank and in hand		119,867		52,458
		466,225		514,334
CREDITORS: Amounts falling due within one year	7	90,381		84,867
NET CURRENT ASSETS			375,844		429,467
TOTAL ASSETS LESS CURRENT LIABILITIES			407,745		460,098


CREDITORS: Amounts falling due after more than one year	8		-		433


PROVISIONS FOR LIABILITIES AND CHARGES	9		5,871		5,629

NET ASSETS			401,874		454,036

CAPITAL AND RESERVES

Called up share capital	10		100		100
Profit and loss account			401,774		453,936
SHAREHOLDERS' FUNDS			401,874		454,036


BALANCE SHEET AT 31/12/2019

For the year ending 31/12/2019 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.

Approved by the board on 11/09/2020 and signed on their behalf by



.............................
Keith David Smith
Director



.............................
Colin Ian Patrick
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .




1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Fixtures and Fittings		straight line 20%
Motor Cars		reducing balance 25%




1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.




1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.




1e. Investments
Fixed asset investments are shown at cost less amounts written off.
Provisions are made for permanent fluctuations in value.




4. FINANCIAL ASSETS

	Shares in group companies
	and participating interests	Total
	£	£
Cost
At 01/01/2019	1,000	1,000
At 31/12/2019	1,000	1,000
Amortisation
Net Book Amounts
At 31/12/2019	1,000	1,000
At 31/12/2018	1,000	1,000




6. DEBTORS	2019	2018
	£	£
Amounts falling due within one year
Trade debtors	309,289	425,534
VAT	14,749	13,631
Prepayments	4,355	4,707
	328,393	443,872




7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2019	2018
	£	£
UK corporation tax	13,403	17,370
PAYE control	3,916	944
Directors current account	14,391	11,800
Loans	38	38
Credit card	3,476	1,518
Finance leases	433	5,196
Trade creditors	53,875	47,011
Pension schemes	54	210
Accruals	795	780
	90,381	84,867




8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
	2019	2018
	£	£
Finance Leases >1yr	-	433
	-	433




10. SHARE CAPITAL	2019	2018
	£	£
Allotted, issued and fully paid:
100 Ordinary shares of £1 each	100	100
	100	100




11. CONTROLLING PARTY
The company was controlled throughout the current and previous period by the directors, Mr KD Smith & Ms E Smith who between them own 58% of the ordinary share capital of the company.