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REGISTERED NUMBER: SC231200 (Scotland)















Scrubvac Cleaning Equipment Ltd.

Financial Statements For The Year Ended 31 May 2023






Scrubvac Cleaning Equipment Ltd. (Registered number: SC231200)






Contents of the Financial Statements
For The Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

Scrubvac Cleaning Equipment Ltd.

Company Information
For The Year Ended 31 May 2023







DIRECTORS: J Bradford
H K Bradford





SECRETARY: M J Bradford





REGISTERED OFFICE: 3 Greshop Road
Greshop Industrial Estate
Forres
Moray
IV36 2GU





REGISTERED NUMBER: SC231200 (Scotland)





ACCOUNTANTS: The Long Partnership
Park House Centre
South Street
Elgin
IV30 1JB

Scrubvac Cleaning Equipment Ltd. (Registered number: SC231200)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,539 19,012

CURRENT ASSETS
Stocks 2,938 3,081
Debtors 5 44,294 54,949
Cash at bank 113,089 120,639
160,321 178,669
CREDITORS
Amounts falling due within one year 6 52,265 76,822
NET CURRENT ASSETS 108,056 101,847
TOTAL ASSETS LESS CURRENT
LIABILITIES

122,595

120,859

CREDITORS
Amounts falling due after more than one
year

7

(32,661

)

(33,235

)

PROVISIONS FOR LIABILITIES 9 (2,823 ) (3,612 )
NET ASSETS 87,111 84,012

CAPITAL AND RESERVES
Called up share capital 10 10 10
Retained earnings 11 87,101 84,002
SHAREHOLDERS' FUNDS 87,111 84,012

Scrubvac Cleaning Equipment Ltd. (Registered number: SC231200)

Balance Sheet - continued
31 May 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 February 2024 and were signed on its behalf by:





J Bradford - Director


Scrubvac Cleaning Equipment Ltd. (Registered number: SC231200)

Notes to the Financial Statements
For The Year Ended 31 May 2023

1. STATUTORY INFORMATION

Scrubvac Cleaning Equipment 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Equipment - 25% on reducing balance and 20% 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Scrubvac Cleaning Equipment Ltd. (Registered number: SC231200)

Notes to the Financial Statements - continued
For The Year Ended 31 May 2023

2. ACCOUNTING POLICIES - continued

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 5 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Equipment
£   
COST
At 1 June 2022 96,815
Additions 229
Disposals (1,865 )
At 31 May 2023 95,179
DEPRECIATION
At 1 June 2022 77,803
Charge for year 4,585
Eliminated on disposal (1,748 )
At 31 May 2023 80,640
NET BOOK VALUE
At 31 May 2023 14,539
At 31 May 2022 19,012

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Equipment
£   
COST
At 1 June 2022 17,452
Transfer to ownership (17,452 )
At 31 May 2023 -
DEPRECIATION
At 1 June 2022 11,466
Transfer to ownership (11,466 )
At 31 May 2023 -
NET BOOK VALUE
At 31 May 2023 -
At 31 May 2022 5,986

Scrubvac Cleaning Equipment Ltd. (Registered number: SC231200)

Notes to the Financial Statements - continued
For The Year Ended 31 May 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 43,617 54,060
Other debtors 677 889
44,294 54,949

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans and overdrafts 5,280 10,000
Hire purchase contracts - 1,439
Trade creditors 13,876 24,307
Taxation and social security 27,884 35,695
Other creditors 5,225 5,381
52,265 76,822

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.23 31.5.22
£    £   
Bank loans 32,661 33,235

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 11,541 -

8. SECURED DEBTS

Lloyds TSB Scotland has a bond and floating charge over the assets in the company.

9. PROVISIONS FOR LIABILITIES
31.5.23 31.5.22
£    £   
Deferred tax 2,823 3,612

Deferred
tax
£   
Balance at 1 June 2022 3,612
Provided during year (789 )
Balance at 31 May 2023 2,823

Scrubvac Cleaning Equipment Ltd. (Registered number: SC231200)

Notes to the Financial Statements - continued
For The Year Ended 31 May 2023

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.23 31.5.22
value: £    £   
6 Ordinary A £1 6 6
4 Ordinary B £1 4 4
10 10

11. RESERVES
Retained
earnings
£   

At 1 June 2022 84,002
Profit for the year 58,099
Dividends (55,000 )
At 31 May 2023 87,101

12. RELATED PARTY DISCLOSURES

During the year, total dividends of £42,500 (2022 - £50,500) were paid to the directors .

J Bradford
is a director in the company


Included in other creditors is an interest free directors loan. There are no repayment terms.

31.5.23 31.5.22
£    £   
Amount due to related party at the balance sheet date 342 308

13. ULTIMATE CONTROLLING PARTY

The controlling party is J Bradford.

The ultimate controlling party is J Bradford.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Scrubvac Cleaning Equipment Ltd.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Scrubvac Cleaning Equipment Ltd. for the year ended 31 May 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Scrubvac Cleaning Equipment Ltd., as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Scrubvac Cleaning Equipment Ltd. and state those matters that we have agreed to state to the Board of Directors of Scrubvac Cleaning Equipment Ltd., as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Scrubvac Cleaning Equipment Ltd. and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Scrubvac Cleaning Equipment Ltd. has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Scrubvac Cleaning Equipment Ltd.. You consider that Scrubvac Cleaning Equipment Ltd. is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Scrubvac Cleaning Equipment Ltd.. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






The Long Partnership
Park House Centre
South Street
Elgin
IV30 1JB


13 February 2024