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REGISTERED NUMBER: SC386653 (Scotland)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2023

FOR

SCOT-TEL-GOULD LIMITED

SCOT-TEL-GOULD LIMITED (REGISTERED NUMBER: SC386653)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SCOT-TEL-GOULD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST OCTOBER 2023







DIRECTORS: Mr D M Gould
Mr H E Martin
Mr G C Porteous
Mr G Hristov





REGISTERED OFFICE: 12b Carden Place
Aberdeen
AB10 1UR





REGISTERED NUMBER: SC386653 (Scotland)





ACCOUNTANTS: Lang Bennetts Chartered Accountants
Bickland House
Bickland Water Road
Falmouth
Cornwall
TR11 4SB

SCOT-TEL-GOULD LIMITED (REGISTERED NUMBER: SC386653)

BALANCE SHEET
31ST OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 185,145 265,666

CURRENT ASSETS
Stocks 192,343 -
Debtors 5 422,857 496,003
Accrued income - 117,758
Cash at bank 51,044 66,726
666,244 680,487
CREDITORS
Amounts falling due within one year 6 576,232 563,459
NET CURRENT ASSETS 90,012 117,028
TOTAL ASSETS LESS CURRENT
LIABILITIES

275,157

382,694

CREDITORS
Amounts falling due after more than one
year

7

(31,408

)

(50,864

)

PROVISIONS FOR LIABILITIES (9,245 ) (26,012 )
NET ASSETS 234,504 305,818

CAPITAL AND RESERVES
Called up share capital 99 99
Retained earnings 234,405 305,719
234,504 305,818

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 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.

SCOT-TEL-GOULD LIMITED (REGISTERED NUMBER: SC386653)

BALANCE SHEET - continued
31ST OCTOBER 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 26th March 2024 and were signed on its behalf by:





Mr D M Gould - Director


SCOT-TEL-GOULD LIMITED (REGISTERED NUMBER: SC386653)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2023

1. STATUTORY INFORMATION

Scot-Tel-Gould 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.

Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as 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 etc - 25% 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 11 ) .

SCOT-TEL-GOULD LIMITED (REGISTERED NUMBER: SC386653)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st November 2022 498,289
Additions 1,334
At 31st October 2023 499,623
DEPRECIATION
At 1st November 2022 232,623
Charge for year 81,855
At 31st October 2023 314,478
NET BOOK VALUE
At 31st October 2023 185,145
At 31st October 2022 265,666

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 56,520 126,084
Other debtors 366,337 369,919
422,857 496,003

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,935 9,689
Hire purchase contracts 9,485 11,763
Trade creditors 190,756 146,837
Taxation and social security 24,056 17,055
Other creditors 342,000 378,115
576,232 563,459

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 24,013 33,984
Hire purchase contracts 7,395 16,880
31,408 50,864