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REGISTERED NUMBER: SC387620 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 October 2023

for

Scotch Logs Ltd

Scotch Logs Ltd (Registered number: SC387620)






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


Scotch Logs Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTOR: Mrs J Roddie





REGISTERED OFFICE: Strathclyde Business Centre
120 Carstairs Road
Glasgow
G40 4JD





REGISTERED NUMBER: SC387620 (Scotland)





ACCOUNTANTS: KPP Glasgow South Ltd
Chartered Certified Accountants
Unit 3 , 37 Rosyth Road
Morris Park
Glasgow
G5 0YE

Scotch Logs Ltd (Registered number: SC387620)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,637 2,637
Tangible assets 5 31,899 36,149
34,536 38,786

CURRENT ASSETS
Stocks 6 4,721 4,464
Debtors 7 83,766 84,950
Cash at bank and in hand 1 48,910
88,488 138,324
CREDITORS
Amounts falling due within one year 8 99,473 137,474
NET CURRENT (LIABILITIES)/ASSETS (10,985 ) 850
TOTAL ASSETS LESS CURRENT
LIABILITIES

23,551

39,636

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 23,550 39,635
SHAREHOLDERS' FUNDS 23,551 39,636

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 director acknowledges her 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.

Scotch Logs Ltd (Registered number: SC387620)

Balance Sheet - continued
31 October 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 director and authorised for issue on 11 July 2024 and were signed by:





Mrs J Roddie - Director


Scotch Logs Ltd (Registered number: SC387620)

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

1. STATUTORY INFORMATION

Scotch Logs 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.

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.

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.

Website is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 5% on reducing balance
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% 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.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Website
£   
COST
At 1 November 2022
and 31 October 2023 2,637
NET BOOK VALUE
At 31 October 2023 2,637
At 31 October 2022 2,637

Scotch Logs Ltd (Registered number: SC387620)

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

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 November 2022
and 31 October 2023 20,000 120,000 4,007 6,000 150,007
DEPRECIATION
At 1 November 2022 8,025 96,966 3,120 5,747 113,858
Charge for year 599 3,455 133 63 4,250
At 31 October 2023 8,624 100,421 3,253 5,810 118,108
NET BOOK VALUE
At 31 October 2023 11,376 19,579 754 190 31,899
At 31 October 2022 11,975 23,034 887 253 36,149

6. STOCKS
31.10.23 31.10.22
£    £   
Stocks 4,721 4,464

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Corporation tax - 1,184
Spectrum loan 46,266 46,266
Spectrum 2020 Ltd 37,500 37,500
83,766 84,950

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts (see note 9) 170 -
Creditors 25,001 25,001
Tax - 279
Spectrum West loan 7,040 4,040
Loan: William Roddie 8,121 8,281
Rental Creditor 40,023 40,023
Accrued expenses 19,118 59,850
99,473 137,474

Scotch Logs Ltd (Registered number: SC387620)

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

9. LOANS

An analysis of the maturity of loans is given below:

31.10.23 31.10.22
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 170 -

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
1 Ordinary £1 1 1