Scott - Drummond Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 01317360 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2023

for

Scott - Drummond Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

8

DIRECTORS:

S King

J King

SECRETARY:

S King

REGISTERED OFFICE:

Citygrove Trading Estate

Woodside Road

Eastleigh

Hampshire

SO50 4ET

REGISTERED NUMBER:

01317360 (England and Wales)

ACCOUNTANTS:

Johnston Wood Roach Limited

24 Picton House

Hussar Court

Waterlooville

Hampshire

PO7 7SQ

FIXED ASSETS

Tangible assets

4

66,868

52,892

Investments

5

100

100

66,968

52,992

CURRENT ASSETS

Stocks

429,729

488,503

Debtors

6

204,992

48,967

Cash at bank and in hand

151,680

328,955

786,401

866,425

CREDITORS

Amounts falling due within one year

7

455,786

543,876

NET CURRENT ASSETS

330,615

322,549

TOTAL ASSETS LESS CURRENT LIABILITIES

397,583

375,541

PROVISIONS FOR LIABILITIES

15,187

8,493

NET ASSETS

382,396

367,048

CAPITAL AND RESERVES

Called up share capital

8

50,000

50,000

Capital redemption reserve

100

100

Retained earnings

332,296

316,948

SHAREHOLDERS' FUNDS

382,396

367,048

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 December 2023 and were signed on its behalf by:

S King - Director

J King - Director

1.	STATUTORY INFORMATION

Scott - Drummond Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

Accounts are rounded to the nearest pound.

The accounts represent the company as an individual entity.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

20% on cost

Plant and machinery

-

33% on cost

Fixtures and fittings

-

33% on cost, 20% on cost and 20% on reducing balance

Motor vehicles

-

25% on reducing balance

Rental equipment

-

10% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

leasehold

machinery

fittings

£

£

£

COST

At 1 October 2022

23,329

19,163

25,738

Additions

-

-

9,878

Disposals

-

(608

)

(4,366

)

At 30 September 2023

23,329

18,555

31,250

DEPRECIATION

At 1 October 2022

23,329

19,163

23,525

Charge for year

-

-

2,484

Eliminated on disposal

-

(608

)

(4,366

)

At 30 September 2023

23,329

18,555

21,643

NET BOOK VALUE

At 30 September 2023

-

-

9,607

At 30 September 2022

-

-

2,213

Motor

Rental

vehicles

equipment

Totals

£

£

£

COST

At 1 October 2022

87,570

62,825

218,625

Additions

29,641

-

39,519

Disposals

(19,195

)

-

(24,169

)

At 30 September 2023

98,016

62,825

233,975

DEPRECIATION

At 1 October 2022

50,735

48,981

165,733

Charge for year

13,552

6,191

22,227

Eliminated on disposal

(15,879

)

-

(20,853

)

At 30 September 2023

48,408

55,172

167,107

NET BOOK VALUE

At 30 September 2023

49,608

7,653

66,868

At 30 September 2022

36,835

13,844

52,892

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 October 2022

and 30 September 2023

100

NET BOOK VALUE

At 30 September 2023

100

At 30 September 2022

100

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.23

30.9.22

£

£

Trade debtors

197,288

37,391

Other debtors

7,704

11,576

204,992

48,967

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.23

30.9.22

£

£

Trade creditors

126,009

354,597

Amounts owed to group undertakings

150,000

-

Taxation and social security

154,364

123,307

Other creditors

25,413

65,972

455,786

543,876

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.23

30.9.22

value:

£

£

37,500

Ordinary A

£1

37,500

37,500

12,500

Ordinary B

£1

12,500

12,500

50,000

50,000

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 September 2023 set out on pages three to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Johnston Wood Roach Limited

24 Picton House

Hussar Court

Waterlooville

Hampshire

PO7 7SQ

Date: .............................................