IRIS Accounts Production v22.2.0.402 SC701770 Board of Directors 16.6.21 30.6.22 30.6.22 false true false false true false Ordinary A 1.00000 Ordinary B 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSC7017702021-06-15SC7017702022-06-30SC7017702021-06-162022-06-30SC7017702021-06-15SC701770ns16:Scotland2021-06-162022-06-30SC701770ns15:PoundSterling2021-06-162022-06-30SC701770ns11:Director12021-06-162022-06-30SC701770ns11:PrivateLimitedCompanyLtd2021-06-162022-06-30SC701770ns11:SmallEntities2021-06-162022-06-30SC701770ns11:AuditExempt-NoAccountantsReport2021-06-162022-06-30SC701770ns11:SmallCompaniesRegimeForDirectorsReport2021-06-162022-06-30SC701770ns11:SmallCompaniesRegimeForAccounts2021-06-162022-06-30SC701770ns11:FullAccounts2021-06-162022-06-30SC701770ns11:OrdinaryShareClass12021-06-162022-06-30SC701770ns11:OrdinaryShareClass22021-06-162022-06-30SC701770ns11:Director22021-06-162022-06-30SC701770ns11:RegisteredOffice2021-06-162022-06-30SC701770ns6:CurrentFinancialInstruments2022-06-30SC701770ns6:ShareCapital2022-06-30SC701770ns6:RetainedEarningsAccumulatedLosses2022-06-30SC701770ns6:WithinOneYearns6:CurrentFinancialInstruments2022-06-30SC701770ns11:OrdinaryShareClass12022-06-30SC701770ns11:OrdinaryShareClass22022-06-30
REGISTERED NUMBER: SC701770 (Scotland)









UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

16 JUNE 2021 TO 30 JUNE 2022

FOR

SUTTIE AND SON LTD

SUTTIE AND SON LTD (REGISTERED NUMBER: SC701770)






CONTENTS OF THE FINANCIAL STATEMENTS
for the period 16 June 2021 to 30 June 2022




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


SUTTIE AND SON LTD

COMPANY INFORMATION
for the period 16 June 2021 to 30 June 2022







DIRECTORS: J Suttie
L Suttie





REGISTERED OFFICE: Unit F, Southend Depot
Orebridge
Thornton
Kirkcaldy
Fife
KY1 4DT





REGISTERED NUMBER: SC701770 (Scotland)





ACCOUNTANTS: Haines Watts
Business Advisors and Accountants
Viewforth House
189 Nicol Street
Kirkcaldy
Fife
KY1 1PF

SUTTIE AND SON LTD (REGISTERED NUMBER: SC701770)

STATEMENT OF FINANCIAL POSITION
30 June 2022

Notes £   
CURRENT ASSETS
Stocks 4,500
Debtors 4 395
Cash at bank 22,730
27,625
CREDITORS
Amounts falling due within one year 5 26,729
NET CURRENT ASSETS 896
TOTAL ASSETS LESS CURRENT
LIABILITIES

896

CAPITAL AND RESERVES
Called up share capital 6 2
Retained earnings 894
SHAREHOLDERS' FUNDS 896

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2022 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 September 2022 and were signed on its behalf by:





L Suttie - Director


SUTTIE AND SON LTD (REGISTERED NUMBER: SC701770)

NOTES TO THE FINANCIAL STATEMENTS
for the period 16 June 2021 to 30 June 2022

1. STATUTORY INFORMATION

Suttie and Son Ltd is a private company, limited by shares , registered in Scotland. 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 (£).


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 consideration received, or receivable for building and construction work undertaken.

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

FINANCIAL INSTRUMENTS
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

Short-term debt instruments, including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account. For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

TAXATION
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

SUTTIE AND SON LTD (REGISTERED NUMBER: SC701770)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 16 June 2021 to 30 June 2022

2. ACCOUNTING POLICIES - continued

HIRE PURCHASE AND LEASING COMMITMENTS
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 period was 3 .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 10
Other debtors 385
395

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 63
Taxation and social security 16,078
Other creditors 10,588
26,729

6. CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
1 Ordinary A £1 1
1 Ordinary B £1 1
2

All shares rank parri passu in terms of: voting rights, each share being entitled to one vote; rights to participate in any distribution of capital on winding up of the company; rights to a varying dividend as a class of share.

7. RELATED PARTY DISCLOSURES

Included in "Other creditors" are amounts totalling £7,988 due to the directors from the company. The loans are interest free and repayable on demand.