Accounts filed on 31-12-2020


Registered number: SC153711






Scot Tile Contracts Limited


ACCOUNTS

FOR THE YEAR ENDED 31/12/2020
























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


ACCOUNTS
FOR THE YEAR ENDED 31/12/2020





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 and Chartered Tax Advisers
Suite 1 Beaverhall House
27 Beaverhall Road
Edinburgh
EH7 4JE


ACCOUNTS
FOR THEYEARENDED31/12/2020



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 31/12/2020

			2020		2019
	Notes		£		£

FIXED ASSETS
Tangible assets	3		30,702		30,901
Investment Assets	4		1,000		1,000

			31,702		31,901

CURRENT ASSETS
Stock		15,171		17,965
Debtors	6	352,486		328,393
Cash at bank and in hand		75,963		119,867
		443,620		466,225
CREDITORS: Amounts falling due within one year	7	70,880		90,381
NET CURRENT ASSETS			372,740		375,844
TOTAL ASSETS LESS CURRENT LIABILITIES			404,442		407,745


PROVISIONS FOR LIABILITIES AND CHARGES	8		5,833		5,871

NET ASSETS			398,609		401,874

CAPITAL AND RESERVES

Called up share capital	9		100		100
Profit and loss account			398,509		401,774
SHAREHOLDERS' FUNDS			398,609		401,874


BALANCE SHEET AT 31/12/2020

For the year ending 31/12/2020 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 03/09/2021 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 section 1A - 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 01/01/2020	1,000	1,000
At 31/12/2020	1,000	1,000
Amortisation
Net Book Amounts
At 31/12/2020	1,000	1,000
At 31/12/2019	1,000	1,000




6. DEBTORS	2020	2019
	£	£
Amounts falling due within one year
Trade debtors	311,773	309,289
VAT	6,727	14,749
Salaries and wages control	1,590	-
Prepayments	32,396	4,355
	352,486	328,393




7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2020	2019
	£	£
UK corporation tax	16,685	13,403
PAYE control	1,706	3,916
Directors current account	11,804	14,391
Loans	38	38
Credit card	2,519	3,476
Finance leases	-	433
Trade creditors	33,398	53,875
Pension schemes	216	54
Accruals	4,514	795
	70,880	90,381




9. SHARE CAPITAL	2020	2019
	£	£
Allotted, issued and fully paid:
100 Ordinary shares of £1 each	100	100
	100	100




10. 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.