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REGISTERED NUMBER: SC483274 (Scotland)















Abridged Unaudited Financial Statements for the Year Ended 31 July 2023

for

Netherton Plant & Agricultural Services
Limited

Netherton Plant & Agricultural Services
Limited (Registered number: SC483274)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Netherton Plant & Agricultural Services
Limited

Company Information
for the Year Ended 31 July 2023







DIRECTOR: R G Anderson





REGISTERED OFFICE: Netherton Farm
Eaglesham
Glasgow
G76 0PN





REGISTERED NUMBER: SC483274 (Scotland)





ACCOUNTANTS: RAEBURN ALLISON & CO
CHARTERED ACCOUNTANTS
13/15 STRATHMORE HOUSE
TOWN CENTRE
EAST KILBRIDE
GLASGOW
G74 1LF

Netherton Plant & Agricultural Services
Limited (Registered number: SC483274)

Abridged Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 65,108 42,176

CURRENT ASSETS
Stocks 10,000 21,500
Debtors 2,631 11,775
Cash at bank 957 -
13,588 33,275
CREDITORS
Amounts falling due within one year (20,293 ) (27,487 )
NET CURRENT (LIABILITIES)/ASSETS (6,705 ) 5,788
TOTAL ASSETS LESS CURRENT
LIABILITIES

58,403

47,964

CREDITORS
Amounts falling due after more than one
year

(27,694

)

(22,913

)

PROVISIONS FOR LIABILITIES 5 (12,371 ) (8,013 )
NET ASSETS 18,338 17,038

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 7 18,238 16,938
SHAREHOLDERS' FUNDS 18,338 17,038

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

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

Netherton Plant & Agricultural Services
Limited (Registered number: SC483274)

Abridged Balance Sheet - continued
31 July 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 July 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 11 April 2024 and were signed by:





R G Anderson - Director


Netherton Plant & Agricultural Services
Limited (Registered number: SC483274)

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

1. STATUTORY INFORMATION

Netherton Plant & Agricultural Services 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.

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.
Plant and machinery etc - 25% on reducing balance and 15% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Netherton Plant & Agricultural Services
Limited (Registered number: SC483274)

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2022 96,798
Additions 49,314
Disposals (26,771 )
At 31 July 2023 119,341
DEPRECIATION
At 1 August 2022 54,622
Charge for year 17,808
Eliminated on disposal (18,197 )
At 31 July 2023 54,233
NET BOOK VALUE
At 31 July 2023 65,108
At 31 July 2022 42,176

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

Totals
£   
COST
At 1 August 2022 51,806
Additions 40,132
Disposals (23,146 )
At 31 July 2023 68,792
DEPRECIATION
At 1 August 2022 34,223
Charge for year 13,056
Eliminated on disposal (17,654 )
At 31 July 2023 29,625
NET BOOK VALUE
At 31 July 2023 39,167
At 31 July 2022 17,583

5. PROVISIONS FOR LIABILITIES
31.7.23 31.7.22
£    £   
Deferred tax 12,371 8,013

Netherton Plant & Agricultural Services
Limited (Registered number: SC483274)

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

5. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 August 2022 8,013
Provided during year 4,358
Balance at 31 July 2023 12,371

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
100 Ordinary 1 100 100

7. RESERVES
Retained
earnings
£   

At 1 August 2022 16,938
Profit for the year 16,300
Dividends (15,000 )
At 31 July 2023 18,238

8. RELATED PARTY DISCLOSURES

Included in Other Creditors is a balance due to the director of £591 (2022-£3811).

9. ULTIMATE CONTROLLING PARTY

The controlling party is R G Anderson.