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REGISTERED NUMBER: 05681193 (England and Wales)







Unaudited Financial Statements for the Year Ended 31 March 2023

for

J Scadding & Son Limited

J Scadding & Son Limited (Registered number: 05681193)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


J Scadding & Son Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: P G Scadding
B E Whitlock
C J Hunt
M A Scadding



SECRETARY: B E Whitlock



REGISTERED OFFICE: The Crown Sawmills
Eugene Street
St Judes
Bristol
City of Bristol
BS5 0TW



REGISTERED NUMBER: 05681193 (England and Wales)



ACCOUNTANTS: Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
BS32 4JY



BANKERS: HSBC Bank plc
62 George Street
Cabot Circus
Bristol
BS1 3BA



SOLICITORS: Neath Raisbeck Golding Law
Kestrel Court
Harbour Road
Portishead
Bristol
BS20 7AN

J Scadding & Son Limited (Registered number: 05681193)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 108,298 109,396
Investments 5 1,300 1,300
109,598 110,696

CURRENT ASSETS
Stocks 161,195 194,762
Debtors 6 150,941 176,497
Cash at bank and in hand 188,867 286,014
501,003 657,273
CREDITORS
Amounts falling due within one year 7 163,677 278,562
NET CURRENT ASSETS 337,326 378,711
TOTAL ASSETS LESS CURRENT LIABILITIES 446,924 489,407

PROVISIONS FOR LIABILITIES 11,698 11,698
NET ASSETS 435,226 477,709

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 434,226 476,709
SHAREHOLDERS' FUNDS 435,226 477,709

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.

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 13 September 2023 and were signed on its behalf by:





P G Scadding - Director


J Scadding & Son Limited (Registered number: 05681193)

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

1. STATUTORY INFORMATION

J Scadding & Son 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. 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.
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 25% on reducing balance and 10% on reducing balance
Motor vehicles - 33% on reducing balance and 20% on reducing balance
Computer equipment - 33% on reducing balance

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Fixed asset investments
Fixed Asset Investments are included at historical cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 9 ) .

J Scadding & Son Limited (Registered number: 05681193)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 83,382 6,271 117,350 12,036 219,039
Additions - - 31,000 - 31,000
Disposals - - (8,835 ) - (8,835 )
At 31 March 2023 83,382 6,271 139,515 12,036 241,204
DEPRECIATION
At 1 April 2022 48,804 4,530 52,838 3,471 109,643
Charge for year 3,458 174 22,068 2,827 28,527
Eliminated on disposal - - (5,264 ) - (5,264 )
At 31 March 2023 52,262 4,704 69,642 6,298 132,906
NET BOOK VALUE
At 31 March 2023 31,120 1,567 69,873 5,738 108,298
At 31 March 2022 34,578 1,741 64,512 8,565 109,396

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2022
and 31 March 2023 1,300
NET BOOK VALUE
At 31 March 2023 1,300
At 31 March 2022 1,300

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 148,262 170,400
Other debtors (8,435 ) -
Prepayments and accrued income 11,114 6,097
150,941 176,497

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 108,024 187,259
Tax 8,793 30,025
Social security and other taxes 9,059 11,763
VAT 32,629 32,595
Other creditors - 11,585
Accrued expenses 5,172 5,335
163,677 278,562

J Scadding & Son Limited (Registered number: 05681193)

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

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
1,000 Ordinary £1 1,000 1,000

9. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.