IRIS Accounts Production v23.3.0.418 SC601536 Board of Directors 1.8.22 31.7.23 31.7.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC6015362022-07-31SC6015362023-07-31SC6015362022-08-012023-07-31SC6015362021-07-31SC6015362021-08-012022-07-31SC6015362022-07-31SC601536ns10:Originalns15:Scotland2022-08-012023-07-31SC601536ns14:PoundSterlingns10:Original2022-08-012023-07-31SC601536ns10:Originalns10:Director12022-08-012023-07-31SC601536ns10:Original2022-08-012023-07-31SC601536ns10:Original2023-07-31SC601536ns10:Originalns10:PrivateLimitedCompanyLtd2022-08-012023-07-31SC601536ns10:Originalns10:SmallEntities2022-08-012023-07-31SC601536ns10:Originalns10:AuditExempt-NoAccountantsReport2022-08-012023-07-31SC601536ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-31SC601536ns10:SmallCompaniesRegimeForAccountsns10:Original2022-08-012023-07-31SC601536ns10:Originalns10:FullAccounts2022-08-012023-07-31SC601536ns10:Originalns10:Director22022-08-012023-07-31SC601536ns10:Originalns10:RegisteredOffice2022-08-012023-07-31SC601536ns10:Original2022-07-31SC601536ns10:Originalns5:CurrentFinancialInstruments2023-07-31SC601536ns10:Originalns5:CurrentFinancialInstruments2022-07-31SC601536ns5:ShareCapitalns10:Original2023-07-31SC601536ns5:ShareCapitalns10:Original2022-07-31SC601536ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-07-31SC601536ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-07-31SC601536ns10:Originalns5:FurnitureFittings2022-08-012023-07-31SC601536ns10:Originalns5:MotorVehicles2022-08-012023-07-31SC601536ns10:Originalns5:ComputerEquipment2022-08-012023-07-31SC601536ns10:Original2021-08-012022-07-31SC601536ns10:Originalns5:FurnitureFittings2022-07-31SC601536ns10:Originalns5:MotorVehicles2022-07-31SC601536ns10:Originalns5:ComputerEquipment2022-07-31SC601536ns10:Original2022-07-31SC601536ns10:Originalns5:FurnitureFittings2023-07-31SC601536ns10:Originalns5:MotorVehicles2023-07-31SC601536ns10:Originalns5:ComputerEquipment2023-07-31SC601536ns10:Originalns5:FurnitureFittings2022-07-31SC601536ns10:Originalns5:MotorVehicles2022-07-31SC601536ns10:Originalns5:ComputerEquipment2022-07-31SC601536ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-07-31SC601536ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-07-31SC601536ns10:Originalns5:DeferredTaxation2022-07-31SC601536ns10:Originalns5:DeferredTaxation2022-08-012023-07-31SC601536ns10:Originalns5:DeferredTaxation2023-07-31
REGISTERED NUMBER: SC601536 (Scotland)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

S BEVERIDGE JOINERY LTD

S BEVERIDGE JOINERY LTD (REGISTERED NUMBER: SC601536)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


S BEVERIDGE JOINERY LTD

COMPANY INFORMATION
for the year ended 31 July 2023







DIRECTORS: S B Beveridge
C Beveridge





REGISTERED OFFICE: 12 Pearl View
East Wemyss
Kirkcaldy
Fife
KY1 4SA





REGISTERED NUMBER: SC601536 (Scotland)





ACCOUNTANTS: Haines Watts
Business Advisors and Accountants
Q Court
3 Quality Street
Edinburgh
EH4 5BP

S BEVERIDGE JOINERY LTD (REGISTERED NUMBER: SC601536)

BALANCE SHEET
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,709 12,147

CURRENT ASSETS
Debtors 5 2,136 2,453
Cash at bank 28,736 15,519
30,872 17,972
CREDITORS
Amounts falling due within one year 6 26,051 9,577
NET CURRENT ASSETS 4,821 8,395
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,530

20,542

PROVISIONS FOR LIABILITIES 7 1,845 2,308
NET ASSETS 12,685 18,234

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 12,683 18,232
12,685 18,234

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 BEVERIDGE JOINERY LTD (REGISTERED NUMBER: SC601536)

BALANCE SHEET - continued
31 July 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 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 31 October 2023 and were signed on its behalf by:





S B Beveridge - Director


S BEVERIDGE JOINERY LTD (REGISTERED NUMBER: SC601536)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 July 2023

1. STATUTORY INFORMATION

S Beveridge Joinery 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 represents the value of joinery work provided during the year.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 20% per annum reducing balance
Motor vehicles - 25% per annum reducing balance
Computer equipment - 33% per annum on cost

The carrying values of tangible fixed assets are reviewed for impairment on an annual basis.

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.


S BEVERIDGE JOINERY LTD (REGISTERED NUMBER: SC601536)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2023

2. ACCOUNTING POLICIES - continued
TAXATION
Taxation for the year 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 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.

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 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2022 2,062 14,201 - 16,263
Additions 421 - 283 704
At 31 July 2023 2,483 14,201 283 16,967
DEPRECIATION
At 1 August 2022 1,461 2,655 - 4,116
Charge for year 162 2,887 93 3,142
At 31 July 2023 1,623 5,542 93 7,258
NET BOOK VALUE
At 31 July 2023 860 8,659 190 9,709
At 31 July 2022 601 11,546 - 12,147

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,136 2,453

S BEVERIDGE JOINERY LTD (REGISTERED NUMBER: SC601536)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 4,071 1,145
Other creditors 21,980 8,432
26,051 9,577

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 1,845 2,308

Deferred
tax
£   
Balance at 1 August 2022 2,308
Credit to Statement of Income and Retained Earnings during year (463 )
Balance at 31 July 2023 1,845

8. RELATED PARTY DISCLOSURES

Included within 'Other creditors' are amounts totalling £20,813 (2022 - £7,365) due to the directors from the company. The loans are interest free and have no fixed date of repayment.