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REGISTERED NUMBER: SC743715 (Scotland)












Financial Statements

for the Period

7 September 2022 to 30 June 2023

for

Scott Munn Limited

Scott Munn Limited (Registered number: SC743715)






Contents of the Financial Statements
for the Period 7 September 2022 to 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Scott Munn Limited

Company Information
for the Period 7 September 2022 to 30 June 2023







DIRECTORS: D L Maguire
S Munn





REGISTERED OFFICE: 145-149 Main Street
Rutherglen
Glasgow
G73 2JJ





REGISTERED NUMBER: SC743715 (Scotland)





ACCOUNTANTS: O'Haras Chartered Accountants
Radleigh House
1 Golf Road
Clarkston
Glasgow
G76 7HU

Scott Munn Limited (Registered number: SC743715)

Balance Sheet
30 June 2023

Notes £    £   
FIXED ASSETS
Tangible assets 4 169,020

CURRENT ASSETS
Debtors 5 22,672
Cash at bank and in hand 36,574
59,246
CREDITORS
Amounts falling due within one year 6 42,969
NET CURRENT ASSETS 16,277
TOTAL ASSETS LESS CURRENT
LIABILITIES

185,297

CREDITORS
Amounts falling due after more than one
year

7

205,985
NET LIABILITIES (20,688 )

CAPITAL AND RESERVES
Called up share capital 8 100
Retained earnings (20,788 )
SHAREHOLDERS' FUNDS (20,688 )

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

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 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.

Scott Munn Limited (Registered number: SC743715)

Balance Sheet - continued
30 June 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 4 April 2024 and were signed on its behalf by:




D L Maguire - Director



S Munn - Director


Scott Munn Limited (Registered number: SC743715)

Notes to the Financial Statements
for the Period 7 September 2022 to 30 June 2023

1. STATUTORY INFORMATION

Scott Munn 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.

Going concern
The directors are satisfied that the Company will have access to sufficient funds to ensure that all liabilities will be met as they fall due over a period of at least 12 months from the approval date of these financial statements. Consequently, the directors consider it appropriate to prepare the financial statements on a going concern basis.

Revenue
Revenue represents the amounts derived from the provision of goods and services, excluding value added tax and trade discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Improvements to property - 10% on cost
Furniture & fittings - 15% on reducing balance

Taxation
Taxation for the period 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 period 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.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Scott Munn Limited (Registered number: SC743715)

Notes to the Financial Statements - continued
for the Period 7 September 2022 to 30 June 2023

2. ACCOUNTING POLICIES - continued

Impairment of fixed assets
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4. TANGIBLE FIXED ASSETS
Improvements
to Furniture
property & fittings Totals
£    £    £   
COST
Additions 159,433 14,102 173,535
At 30 June 2023 159,433 14,102 173,535
DEPRECIATION
Charge for period 3,986 529 4,515
At 30 June 2023 3,986 529 4,515
NET BOOK VALUE
At 30 June 2023 155,447 13,573 169,020

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 13,474
Other debtors 9,198
22,672

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 26,699
Other creditors 16,270
42,969

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Other creditors 205,985

Scott Munn Limited (Registered number: SC743715)

Notes to the Financial Statements - continued
for the Period 7 September 2022 to 30 June 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
5,001 A Ordinary .01 50
4,999 B Ordinary .01 50
100