WM.SCOTT & SONS (SCULPTORS) LIMITED

Company Registration Number:
00756636 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2023

Period of accounts

Start date: 01 July 2022

End date: 30 June 2023

WM.SCOTT & SONS (SCULPTORS) LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2023

Balance sheet
Notes

WM.SCOTT & SONS (SCULPTORS) LIMITED

Balance sheet

As at 30 June 2023


Notes

2023

2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 51,856 64,247
Investments:   0 0
Total fixed assets: 51,856 64,247
Current assets
Stocks: 195,000 183,000
Debtors: 4 21,233 40,710
Cash at bank and in hand: 50,390 109,169
Investments:   0 0
Total current assets: 266,623 332,879
Creditors: amounts falling due within one year: 5 (266,491) (328,794)
Net current assets (liabilities): 132 4,085
Total assets less current liabilities: 51,988 68,332
Creditors: amounts falling due after more than one year: 6 0 (3,474)
Provision for liabilities: (10,412) (10,051)
Total net assets (liabilities): 41,576 54,807
Capital and reserves
Called up share capital: 12,100 12,100
Share premium account: 0 0
Revaluation reserve: 00
Other reserves: 0 0
Profit and loss account: 29,476 42,707
Shareholders funds: 41,576 54,807

The notes form part of these financial statements

WM.SCOTT & SONS (SCULPTORS) LIMITED

Balance sheet statements

For the year ending 30 June 2023 the company was entitled to exemption 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 directors acknowledge their 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 this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 27 March 2024
and signed on behalf of the board by:

Name: M DELANEY
Status: Director

The notes form part of these financial statements

WM.SCOTT & SONS (SCULPTORS) LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents sales and services provided excluding VAT.

Tangible fixed assets and depreciation policy

Depreciation is provided on all tangible fixed assets in use at rates calculated to write off the cost of each asset over its expected useful life to the business at the following rates and methods:-15-25% reducing balance.

Other accounting policies

Deferred tax is provided on all timing differences that have originated at the balance sheet date,

WM.SCOTT & SONS (SCULPTORS) LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

2. Employees

2023 2022
Average number of employees during the period 12 12

WM.SCOTT & SONS (SCULPTORS) LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

3. Tangible Assets

Total
Cost £
At 01 July 2022 284,949
Additions 788
Disposals 0
Revaluations 0
Transfers 0
At 30 June 2023 285,737
Depreciation
At 01 July 2022 220,702
Charge for year 13,179
On disposals 0
Other adjustments 0
At 30 June 2023 233,881
Net book value
At 30 June 2023 51,856
At 30 June 2022 64,247

WM.SCOTT & SONS (SCULPTORS) LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

4. Debtors

2023 2022
££
Debtors due after more than one year: 0 0

Debtors comprise Trade Debtors £816 (£513:2022) and Other Debtors £17217 (£37030).

WM.SCOTT & SONS (SCULPTORS) LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

5. Creditors: amounts falling due within one year note

Creditors comprise:-HP Contracts £3474 (£9717:2022)Trade Creditors £207421 (£272037:2022)Taxation and social security £48598 (£41360)Other Creditors £6998 (£5680)HP Creditors are secured on the assets concerned.

WM.SCOTT & SONS (SCULPTORS) LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

6. Creditors: amounts falling due after more than one year note

Creditors comprise:-Hire Purchase creditors secured on the assets concerned £nil (£3474).

WM.SCOTT & SONS (SCULPTORS) LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

7. Related party transactions

Name of the related party:
Relationship:
Shareholders
Description of the Transaction: Rent of £26200(£24200:2022) was paid to the shareholders of the company.
£
Balance at 01 July 2022 0
Balance at 30 June 2023 0