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REGISTERED NUMBER: SC335884 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

S & S Robertson Ltd

S & S Robertson Ltd (Registered number: SC335884)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


S & S Robertson Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: S J H Robertson
S J Robertson
Mrs D A G Robertson
Mrs C A Robertson





SECRETARY: S J H Robertson





REGISTERED OFFICE: Springwal
Muckle Roe
Brae
Shetland
ZE2 9QW





REGISTERED NUMBER: SC335884 (Scotland)





ACCOUNTANTS: Bon Accord Accountancy Limited
2 North Ness Business Park
Lerwick
Shetland
ZE1 0LZ

S & S Robertson Ltd (Registered number: SC335884)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 7,500
Tangible assets 5 174,559 176,463
174,559 183,963

CURRENT ASSETS
Stocks 251,933 249,273
Debtors 6 50,024 40,579
Cash at bank and in hand 2,832 8,861
304,789 298,713
CREDITORS
Amounts falling due within one year 7 202,829 184,900
NET CURRENT ASSETS 101,960 113,813
TOTAL ASSETS LESS CURRENT LIABILITIES 276,519 297,776

CREDITORS
Amounts falling due after more than one
year

8

(88,082

)

(104,398

)

PROVISIONS FOR LIABILITIES (2,449 ) (2,811 )
NET ASSETS 185,988 190,567

CAPITAL AND RESERVES
Called up share capital 190,100 190,100
Retained earnings (4,112 ) 467
SHAREHOLDERS' FUNDS 185,988 190,567

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

S & S Robertson Ltd (Registered number: SC335884)

Balance Sheet - continued
31 March 2023


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 29 September 2023 and were signed on its behalf by:




S J H Robertson - Director S J Robertson - Director




Mrs D A G Robertson - Director Mrs C A Robertson - Director


S & S Robertson Ltd (Registered number: SC335884)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

S & S Robertson 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on 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.


S & S Robertson Ltd (Registered number: SC335884)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued
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.

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 9 (2022 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 150,000
AMORTISATION
At 1 April 2022 142,500
Amortisation for year 7,500
At 31 March 2023 150,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 7,500

S & S Robertson Ltd (Registered number: SC335884)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2022 164,368 32,436 7,109
Additions - - 2,100
Disposals - (6,900 ) -
At 31 March 2023 164,368 25,536 9,209
DEPRECIATION
At 1 April 2022 2,700 22,579 6,329
Charge for year - 1,930 326
Eliminated on disposal - (6,192 ) -
At 31 March 2023 2,700 18,317 6,655
NET BOOK VALUE
At 31 March 2023 161,668 7,219 2,554
At 31 March 2022 161,668 9,857 780

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2022 6,197 10,459 220,569
Additions - - 2,100
Disposals - - (6,900 )
At 31 March 2023 6,197 10,459 215,769
DEPRECIATION
At 1 April 2022 2,039 10,459 44,106
Charge for year 1,040 - 3,296
Eliminated on disposal - - (6,192 )
At 31 March 2023 3,079 10,459 41,210
NET BOOK VALUE
At 31 March 2023 3,118 - 174,559
At 31 March 2022 4,158 - 176,463

S & S Robertson Ltd (Registered number: SC335884)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 47,569 38,201
Other debtors 2,455 2,378
50,024 40,579

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 49,160 18,958
Trade creditors 97,717 100,011
Taxation and social security 6,941 19,049
Other creditors 49,011 46,882
202,829 184,900

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans 88,082 104,398

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 20,585 31,941

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23 31.3.22
£    £   
S J Robertson
Balance outstanding at start of year - 24,564
Amounts repaid - (24,564 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

S J H Robertson
Balance outstanding at start of year - 16,422
Amounts repaid - (16,422 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -