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REGISTERED NUMBER: SC252537 (Scotland)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 AUGUST 2023

FOR

RONALD A MORRISON SLATERS LTD

RONALD A MORRISON SLATERS LTD (REGISTERED NUMBER: SC252537)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 6

RONALD A MORRISON SLATERS LTD

COMPANY INFORMATION
for the Year Ended 30 August 2023







DIRECTOR: Mr R A Morrison





SECRETARY: Mrs L M Morrison





REGISTERED OFFICE: Bankhead Drive
City South Office Park
Portlethen
Aberdeen
AB12 4XX





REGISTERED NUMBER: SC252537 (Scotland)





ACCOUNTANTS: Acumen Accountants and Advisors Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeenshire
AB12 4XX

RONALD A MORRISON SLATERS LTD (REGISTERED NUMBER: SC252537)

BALANCE SHEET
30 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 49,210 19,093

CURRENT ASSETS
Stocks 5 35,998 43,746
Debtors 6 205,751 123,180
Cash at bank 89,940 43,930
331,689 210,856
CREDITORS
Amounts falling due within one year 7 198,029 161,199
NET CURRENT ASSETS 133,660 49,657
TOTAL ASSETS LESS CURRENT
LIABILITIES

182,870

68,750

CREDITORS
Amounts falling due after more than one year 8 (18,938 ) (19,792 )

PROVISIONS FOR LIABILITIES 10 (12,302 ) (4,773 )
NET ASSETS 151,630 44,185

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 151,628 44,183
151,630 44,185

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 20 March 2024 and were signed by:





Mr R A Morrison - Director


RONALD A MORRISON SLATERS LTD (REGISTERED NUMBER: SC252537)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 August 2023

1. STATUTORY INFORMATION

Ronald A Morrison Slaters 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 - 15% on reducing balance and Straight line over 5 years
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 20% on reducing balance and Straight line over 5 years
Computer equipment - 40% 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.

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 6 (2022 - 6 ) .

RONALD A MORRISON SLATERS LTD (REGISTERED NUMBER: SC252537)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 August 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 31 August 2022 48,844 896 42,261 779 92,780
Additions 8,721 - 30,595 - 39,316
Disposals - - (5,500 ) - (5,500 )
At 30 August 2023 57,565 896 67,356 779 126,596
DEPRECIATION
At 31 August 2022 32,641 448 39,892 706 73,687
Charge for year 6,310 67 1,582 29 7,988
Eliminated on disposal - - (4,289 ) - (4,289 )
At 30 August 2023 38,951 515 37,185 735 77,386
NET BOOK VALUE
At 30 August 2023 18,614 381 30,171 44 49,210
At 30 August 2022 16,203 448 2,369 73 19,093

5. STOCKS
2023 2022
£    £   
Stocks 35,998 43,746

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 104,524 39,485
Other debtors 850 3,362
Prepayments and accrued income 100,377 -
Accrued Income - 80,333
205,751 123,180

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 9) 7,039 6,866
Hire purchase contracts 3,374 -
Trade creditors 23,002 19,566
Tax 40,432 17,052
Social security and other taxes 11,363 428
VAT 979 -
Other creditors 59,441 53,608
VAT - 4,632
Directors' current accounts 51,563 49,364
Accrued expenses 836 9,683
198,029 161,199

RONALD A MORRISON SLATERS LTD (REGISTERED NUMBER: SC252537)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 August 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans (see note 9) 12,753 19,792
Hire purchase contracts 6,185 -
18,938 19,792

9. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 7,039 6,866

Amounts falling due between one and two years:
Bank loans - 1-2 years 7,218 7,039

Amounts falling due between two and five years:
Bank loans - 2-5 years 5,535 12,753

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 12,302 4,773

Deferred
tax
£   
Balance at 31 August 2022 4,773
Movement in year 7,529
Balance at 30 August 2023 12,302

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 August 2023 and 30 August 2022:

2023 2022
£    £   
Mr R A Morrison
Balance outstanding at start of year (49,364 ) (11,945 )
Amounts advanced 8,583 601
Amounts repaid (10,782 ) (38,020 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (51,563 ) (49,364 )

The loan is interest free and no fixed terms for repayment.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr R A Morrison.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
RONALD A MORRISON SLATERS LTD (REGISTERED NUMBER: SC252537)

The following reproduces the text of the report prepared for the director 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 Director 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 Ronald A Morrison Slaters Ltd for the year ended 30 August 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Ronald A Morrison Slaters Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ronald A Morrison Slaters Ltd and state those matters that we have agreed to state to the director of Ronald A Morrison Slaters Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Ronald A Morrison Slaters 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 Ronald A Morrison Slaters Ltd. You consider that Ronald A Morrison Slaters 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 Ronald A Morrison Slaters 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.






Acumen Accountants and Advisors Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeenshire
AB12 4XX


20 March 2024