1 June 2022 false No description of principal activity Taxfiler 2023.10 SC398775business:PrivateLimitedCompanyLtd2022-06-012023-05-31 SC3987752022-05-31 SC3987752022-06-012023-05-31 SC398775business:AuditExemptWithAccountantsReport2022-06-012023-05-31 SC398775business:AbridgedAccounts2022-06-012023-05-31 SC3987752023-05-31 SC398775business:Director12022-06-012023-05-31 SC398775business:RegisteredOffice2022-06-012023-05-31 SC3987752022-05-31 SC398775core:WithinOneYear2023-05-31 SC398775core:WithinOneYear2022-05-31 SC398775core:ShareCapitalcore:PreviouslyStatedAmount2023-05-31 SC398775core:ShareCapitalcore:PreviouslyStatedAmount2022-05-31 SC398775core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-05-31 SC398775core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-05-31 SC398775core:PreviouslyStatedAmount2023-05-31 SC398775core:PreviouslyStatedAmount2022-05-31 SC398775business:SmallEntities2022-06-012023-05-31 SC398775countries:Scotland2022-06-012023-05-31 SC398775core:FurnitureFittings2022-06-012023-05-31 SC3987752021-06-012022-05-31 iso4217:GBP xbrli:pure
Company Registration No. SC398775 (Scotland)
Mike Sutherland Painter & Decorator Ltd Unaudited accounts for the year ended 31 May 2023
Mike Sutherland Painter & Decorator Ltd Unaudited accounts Contents
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Mike Sutherland Painter & Decorator Ltd Company Information for the year ended 31 May 2023
Director
M Sutherland
Company Number
SC398775 (Scotland)
Registered Office
Brookhouse Killen Avoch IV9 8RQ
Accountants
CMM Accountancy (Inverness) Limited The Green House Beechwood Business Park North Inverness IV2 3BL
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Mike Sutherland Painter & Decorator Ltd Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Inventories
400 
400 
Debtors
17,202 
9,847 
Cash at bank and in hand
44,034 
24,411 
61,636 
34,658 
Creditors: amounts falling due within one year
(55,942)
(19,969)
Net current assets
5,694 
14,689 
Net assets
5,694 
14,689 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
5,693 
14,688 
Shareholders' funds
5,694 
14,689 
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 9 November 2023 and were signed on its behalf by
M Sutherland Director Company Registration No. SC398775
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Mike Sutherland Painter & Decorator Ltd Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
Mike Sutherland Painter & Decorator Ltd is a private company, limited by shares, registered in Scotland, registration number SC398775. The registered office is Brookhouse, Killen, Avoch, IV9 8RQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
33.33% straight line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 June 2022
524 
At 31 May 2023
524 
Depreciation
At 1 June 2022
524 
At 31 May 2023
524 
Net book value
At 31 May 2023
- 
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Mike Sutherland Painter & Decorator Ltd Notes to the Accounts for the year ended 31 May 2023
5
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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