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REGISTERED NUMBER: 04567629 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Scotts Contract Services Limited

Scotts Contract Services Limited (Registered number: 04567629)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Scotts Contract Services Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: R Scott
Mrs S Scott



SECRETARY: Mrs S Scott



REGISTERED OFFICE: 39 Althorpe Drive
Portsmouth
Hampshire
PO3 5XA



REGISTERED NUMBER: 04567629 (England and Wales)



ACCOUNTANTS: Ency Associates
Chartered Certified Accountants
Printware Court
Cumberland Business Centre
Northumberland Road
Portsmouth
Hampshire
PO5 1DS



BANKERS: HSBC Bank plc
106 Albert Road
Portsmouth
Hampshire
PO5 2SD

Scotts Contract Services Limited (Registered number: 04567629)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 167,948 121,223
167,948 121,223

CURRENT ASSETS
Stocks 4,475 6,342
Debtors 6 115,670 92,663
Cash at bank 31,426 5
151,571 99,010
CREDITORS
Amounts falling due within one year 7 172,623 157,085
NET CURRENT LIABILITIES (21,052 ) (58,075 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

146,896

63,148

CREDITORS
Amounts falling due after more than
one year

8

(99,741

)

(79,387

)

PROVISIONS FOR LIABILITIES (28,209 ) (6,689 )
NET ASSETS/(LIABILITIES) 18,946 (22,928 )

Scotts Contract Services Limited (Registered number: 04567629)

Balance Sheet - continued
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 140 140
Retained earnings 18,806 (23,068 )
SHAREHOLDERS' FUNDS 18,946 (22,928 )

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

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

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 23 February 2024 and were signed on its behalf by:





R Scott - Director


Scotts Contract Services Limited (Registered number: 04567629)

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

1. STATUTORY INFORMATION

Scotts Contract Services 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, 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 each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - in accordance with the property
Plant & machinery - 10% on reducing balance
Fixtures & fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.


Scotts Contract Services Limited (Registered number: 04567629)

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

2. ACCOUNTING POLICIES - continued
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.

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 28 (2022 - 28 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 9,500
AMORTISATION
At 1 November 2022
and 31 October 2023 9,500
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 -

Scotts Contract Services Limited (Registered number: 04567629)

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

5. TANGIBLE FIXED ASSETS
Short Plant & Fixtures
leasehold machinery & fittings
£    £    £   
COST
At 1 November 2022 550 42,598 22,220
Additions - 17,231 2,124
Disposals - (5,817 ) -
At 31 October 2023 550 54,012 24,344
DEPRECIATION
At 1 November 2022 550 12,119 11,683
Charge for year - 10,802 3,165
Eliminated on disposal - (2,382 ) -
At 31 October 2023 550 20,539 14,848
NET BOOK VALUE
At 31 October 2023 - 33,473 9,496
At 31 October 2022 - 30,479 10,537

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 November 2022 92,130 5,158 162,656
Additions 88,582 916 108,853
Disposals (32,035 ) (1,786 ) (39,638 )
At 31 October 2023 148,677 4,288 231,871
DEPRECIATION
At 1 November 2022 12,567 4,514 41,433
Charge for year 19,030 949 33,946
Eliminated on disposal (7,288 ) (1,786 ) (11,456 )
At 31 October 2023 24,309 3,677 63,923
NET BOOK VALUE
At 31 October 2023 124,368 611 167,948
At 31 October 2022 79,563 644 121,223

Scotts Contract Services Limited (Registered number: 04567629)

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

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 November 2022 72,590
Additions 68,482
Disposals (18,995 )
At 31 October 2023 122,077
DEPRECIATION
At 1 November 2022 6,049
Charge for year 15,306
Eliminated on disposal (1,583 )
At 31 October 2023 19,772
NET BOOK VALUE
At 31 October 2023 102,305
At 31 October 2022 66,541

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 105,994 82,559
Other debtors 9,676 10,104
115,670 92,663

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 9,333 27,137
Hire purchase contracts 24,384 14,126
Trade creditors 14,487 12,028
Taxation and social security 89,458 59,318
Other creditors 34,961 44,476
172,623 157,085

Scotts Contract Services Limited (Registered number: 04567629)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans 18,606 27,611
Hire purchase contracts 81,135 51,776
99,741 79,387

9. ULTIMATE CONTROLLING PARTY

The company was under the control of the directors throughout the current and previous year.