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REGISTERED NUMBER: SC033752 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 March 2023

for

W.H.B. Sutherland Limited

W.H.B. Sutherland Limited (Registered number: SC033752)






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


W.H.B. Sutherland Limited

Company Information
for the year ended 31 March 2023







DIRECTORS: T Clyde
H Clyde





SECRETARY:





REGISTERED OFFICE: 43 Victoria Street
Kirkwall
Orkney
KW15 1DN





REGISTERED NUMBER: SC033752 (Scotland)





ACCOUNTANTS: Foubister & Bain
4 Broad Street
Kirkwall
Orkney
KW15 1NX

W.H.B. Sutherland Limited (Registered number: SC033752)

Balance Sheet
31 March 2023

2022 2023
£    £    Notes £    £   
FIXED ASSETS
1,106,538 Tangible assets 4 1,256,267

CURRENT ASSETS
433,807 Stocks 505,907
719,295 Debtors 5 847,600
598,493 Cash at bank and in hand 382,430
1,751,595 1,735,937
CREDITORS
1,395,356 Amounts falling due within one year 6 1,421,741
356,239 NET CURRENT ASSETS 314,196

1,462,777
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,570,463

61,961 PROVISIONS FOR LIABILITIES 96,744
1,400,816 NET ASSETS 1,473,719

CAPITAL AND RESERVES
8,879 Called up share capital 8,879
5,416 Revaluation Reserve 7 5,416
1,386,521 Retained earnings 1,459,424
1,400,816 1,473,719

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.

W.H.B. Sutherland Limited (Registered number: SC033752)

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 6 July 2023 and were signed on its behalf by:





T Clyde - Director


W.H.B. Sutherland Limited (Registered number: SC033752)

Notes to the Financial Statements
for the year ended 31 March 2023

1. STATUTORY INFORMATION

W.H.B. Sutherland Limited 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.

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

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

W.H.B. Sutherland Limited (Registered number: SC033752)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are
recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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.

W.H.B. Sutherland Limited (Registered number: SC033752)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

2. ACCOUNTING POLICIES - continued

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 58 (2022 - 58 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
Totals buildings etc
£    £    £   
COST
At 1 April 2022 3,278,180 1,154,950 2,123,230
Additions 234,580 - 234,580
At 31 March 2023 3,512,760 1,154,950 2,357,810
DEPRECIATION
At 1 April 2022 2,171,642 404,862 1,766,780
Charge for year 84,851 18,753 66,098
At 31 March 2023 2,256,493 423,615 1,832,878
NET BOOK VALUE
At 31 March 2023 1,256,267 731,335 524,932
At 31 March 2022 1,106,538 750,088 356,450

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 740,337 625,221
Other debtors 107,263 94,074
847,600 719,295

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,268,870 1,148,521
Taxation 94,206 207,958
Other creditors 58,665 38,877
1,421,741 1,395,356

W.H.B. Sutherland Limited (Registered number: SC033752)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

7. RESERVES
Revaluation
Reserve
£   
At 1 April 2022
and 31 March 2023 5,416