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REGISTERED NUMBER: 08068209 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Scott-Moncrieff & Associates Limited

Scott-Moncrieff & Associates Limited (Registered number: 08068209)






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


Scott-Moncrieff & Associates Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Ms L A Scott-Moncrieff
R W Watt





REGISTERED OFFICE: Temple Chambers Suite 244
3-7 Temple Avenue
London
EC4Y 0HP





REGISTERED NUMBER: 08068209 (England and Wales)





ACCOUNTANTS: Cartwrights
Chartered Accountants and Business Advisors
Regency House
33 Wood Street
Barnet
Hertfordshire
EN5 4BE

Scott-Moncrieff & Associates Limited (Registered number: 08068209)

Balance Sheet
31 March 2023

31/3/23 31/3/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 3,929 3,939
3,929 3,939

CURRENT ASSETS
Debtors 7 693,531 633,164
Cash in hand 190 23
693,721 633,187
CREDITORS
Amounts falling due within one year 8 625,159 459,490
NET CURRENT ASSETS 68,562 173,697
TOTAL ASSETS LESS CURRENT
LIABILITIES

72,491

177,636

PROVISIONS FOR LIABILITIES 901 886
NET ASSETS 71,590 176,750

CAPITAL AND RESERVES
Called up share capital 1,010 1,010
Capital redemption reserve 8 8
Retained earnings 70,572 175,732
SHAREHOLDERS' FUNDS 71,590 176,750

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.

Scott-Moncrieff & Associates Limited (Registered number: 08068209)

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 November 2023 and were signed on its behalf by:





Ms L A Scott-Moncrieff - Director


Scott-Moncrieff & Associates Limited (Registered number: 08068209)

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

1. STATUTORY INFORMATION

Scott-Moncrieff & Associates 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.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 2013, is being amortised evenly over its estimated useful life of five 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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - Straight line over 5 years
Fixtures and fittings - Straight line over 5 years

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.

Scott-Moncrieff & Associates Limited (Registered number: 08068209)

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

3. 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 6 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 520,000
AMORTISATION
At 1 April 2022
and 31 March 2023 520,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 14,553
Additions 1,760
Disposals (2,962 )
At 31 March 2023 13,351
DEPRECIATION
At 1 April 2022 10,614
Charge for year 1,770
Eliminated on disposal (2,962 )
At 31 March 2023 9,422
NET BOOK VALUE
At 31 March 2023 3,929
At 31 March 2022 3,939

Scott-Moncrieff & Associates Limited (Registered number: 08068209)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Trade debtors 168,568 145,860
Other debtors 524,963 487,304
693,531 633,164

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Bank loans and overdrafts 254,218 19,700
Trade creditors 71,186 57,517
Taxation and social security 70,870 77,950
Other creditors 228,885 304,323
625,159 459,490

9. RELATED PARTY DISCLOSURES

As at the balance sheet date, the company was owed £16,510 (2022: £nil) by the directors.

As at the balance sheet date, the company was owed £76,531 (2022: £nil) by a business under common control.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is LA Scott-Moncrieff.