IRIS Accounts Production v24.1.9.2 SC127641 Board of Directors 1.2.23 31.1.24 31.1.24 false true false false true false 210088 195610 114568 13128 100090 196960 210088 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC1276412023-01-31SC1276412024-01-31SC1276412023-02-012024-01-31SC1276412022-01-31SC1276412022-02-012023-01-31SC1276412023-01-31SC127641ns14:PoundSterling2023-02-012024-01-31SC127641ns10:Director12023-02-012024-01-31SC127641ns10:PrivateLimitedCompanyLtd2023-02-012024-01-31SC127641ns10:SmallEntities2023-02-012024-01-31SC127641ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-31SC127641ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-31SC127641ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-31SC127641ns10:FullAccounts2023-02-012024-01-31SC12764142ns10:Director22023-01-31SC12764142ns10:Director22022-01-31SC12764142ns10:Director22022-02-012023-01-31SC12764142ns10:Director22023-02-012024-01-31SC12764142ns10:Director22024-01-31SC12764142ns10:Director22023-01-31SC127641ns5:CurrentFinancialInstruments2024-01-31SC127641ns5:CurrentFinancialInstruments2023-01-31SC127641ns5:Non-currentFinancialInstruments2024-01-31SC127641ns5:Non-currentFinancialInstruments2023-01-31SC127641ns5:ShareCapital2024-01-31SC127641ns5:ShareCapital2023-01-31SC127641ns5:RetainedEarningsAccumulatedLosses2024-01-31SC127641ns5:RetainedEarningsAccumulatedLosses2023-01-31SC127641ns5:LandBuildings2023-02-012024-01-31SC127641ns5:PlantMachinery2023-02-012024-01-31SC127641ns5:LandBuildings2023-01-31SC127641ns5:PlantMachinery2023-01-31SC127641ns5:LandBuildings2024-01-31SC127641ns5:PlantMachinery2024-01-31SC127641ns5:LandBuildings2023-01-31SC127641ns5:PlantMachinery2023-01-31SC127641ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-01-31SC127641ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-02-012024-01-31SC127641ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-01-31SC127641ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-01-31SC127641ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-01-31SC127641ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-31SC127641ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2024-01-31SC127641ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2023-01-31SC127641ns5:Secured2024-01-31SC127641ns5:Secured2023-01-31SC127641ns10:Director22023-02-012024-01-31SC1276411ns10:Director12023-01-31SC1276411ns10:Director12022-01-31SC1276411ns10:Director12023-02-012024-01-31SC1276411ns10:Director12022-02-012023-01-31SC1276411ns10:Director12024-01-31SC1276411ns10:Director12023-01-31
REGISTERED NUMBER: SC127641















SCOTSERVE (BOTTLING SERVICES) LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024






SCOTSERVE (BOTTLING SERVICES) LIMITED (REGISTERED NUMBER: SC127641)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


SCOTSERVE (BOTTLING SERVICES) LIMITED (REGISTERED NUMBER: SC127641)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 542,405 544,654

CURRENT ASSETS
Stocks 7,500 7,500
Debtors 5 565,423 833,663
Cash at bank 595,634 596,105
1,168,557 1,437,268
CREDITORS
Amounts falling due within one year 6 498,279 820,353
NET CURRENT ASSETS 670,278 616,915
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,212,683

1,161,569

CREDITORS
Amounts falling due after more than one year 7 (399,166 ) (404,645 )

PROVISIONS FOR LIABILITIES (58,521 ) (44,640 )
NET ASSETS 754,996 712,284

CAPITAL AND RESERVES
Called up share capital 25,000 25,000
Retained earnings 729,996 687,284
SHAREHOLDERS' FUNDS 754,996 712,284

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

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 Profit and Loss Account has not been delivered.

SCOTSERVE (BOTTLING SERVICES) LIMITED (REGISTERED NUMBER: SC127641)

BALANCE SHEET - continued
31 JANUARY 2024



The financial statements were approved by the Board of Directors and authorised for issue on 7 August 2024 and were signed on its behalf by:





J A Hill - Director


SCOTSERVE (BOTTLING SERVICES) LIMITED (REGISTERED NUMBER: SC127641)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Scotserve (Bottling Services) Limited is a private company, limited by shares, registered in Scotland. The registered office is 6 Poplar Road, Broadmeadow Industrial Estate, Dumbarton, G82 2RQ.

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

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. There were no material departures from that standard.

Judgements
The company considers on an annual basis the judgements that are made by management when applying its significant accounting policies that would have the most significant effect on amounts that are recognised in the financial statements. The directors consider that there are no such significant judgements.

Turnover
Turnover represents the invoice value of goods sold and services rendered during the year, exclusive of value added tax. The company's policy is to recognise a sale when substantively all the risks and rewards in connection with the goods and services have been passed to the buyer.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 15% on cost and 2% on cost
Plant and machinery etc - 25% on cost, 25% on reducing balance and 15% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Impairment of non-financial assets
At each reporting date non-financial assets not carried at fair value, like plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount which is the higher of value in use and the fair value less cost to sell, is estimated and compared with the carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit and loss.

Government grants
Government grants of a capital nature are taken to a separate deferred income account and released to the profit and loss account in accordance with the company's depreciation policy over the useful economic life of the asset concerned. Grants of a revenue nature are taken to the profit and loss account in the year in which the expenditure is incurred.

Stocks
Stocks are valued at lower of cost and estimated selling price less costs to sell after making due allowance for obsolete and slow moving items.

SCOTSERVE (BOTTLING SERVICES) LIMITED (REGISTERED NUMBER: SC127641)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, and loans to related parties.

Debt instruments like loans and other accounts receivable and payable are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and trade creditors, are measured, initially and subsequently, at the undiscounted amount of cash or other consideration expected to be paid or received.

Financial assets measured at cost and amortised cost are assessed at the end of each reporting period for evidence of impairment and if found, an impairment loss is recognised in profit or loss.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

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, when applicable, are shown within borrowings in current liabilities.

Taxation
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in the periods in which the timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

With the exception of changes arising on the initial recognition of a business combination, the tax expense is presented either in profit or loss, other comprehensive income or statement of changes in equity depending on the transaction that resulted in the tax expense.

Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

SCOTSERVE (BOTTLING SERVICES) LIMITED (REGISTERED NUMBER: SC127641)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

2. ACCOUNTING POLICIES - continued

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.

Provisions
Provisions are recognised when the company has a legal or constructive obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle the obligation and the amount of the obligation can be reliably estimated. Provisions are recognised at the best estimate of the amount required to settle the obligation at the reporting date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 15 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2023 303,906 989,652 1,293,558
Additions - 195,909 195,909
Disposals - (226,769 ) (226,769 )
At 31 January 2024 303,906 958,792 1,262,698
DEPRECIATION
At 1 February 2023 94,456 654,448 748,904
Charge for year 5,172 142,096 147,268
Eliminated on disposal - (175,879 ) (175,879 )
At 31 January 2024 99,628 620,665 720,293
NET BOOK VALUE
At 31 January 2024 204,278 338,127 542,405
At 31 January 2023 209,450 335,204 544,654

SCOTSERVE (BOTTLING SERVICES) LIMITED (REGISTERED NUMBER: SC127641)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

4. TANGIBLE FIXED ASSETS - continued

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

Plant and
machinery
etc
£   
COST
At 1 February 2023 569,151
Additions 150,141
Disposals (115,160 )
At 31 January 2024 604,132
DEPRECIATION
At 1 February 2023 339,876
Charge for year 97,930
Eliminated on disposal (66,577 )
At 31 January 2024 371,229
NET BOOK VALUE
At 31 January 2024 232,903
At 31 January 2023 229,275

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 188,959 261,484
Other debtors 323,314 519,029
512,273 780,513

Amounts falling due after more than one year:
Other debtors 53,150 53,150

Aggregate amounts 565,423 833,663

SCOTSERVE (BOTTLING SERVICES) LIMITED (REGISTERED NUMBER: SC127641)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans 9,794 9,794
Hire purchase contracts 61,297 38,425
Trade creditors 72,518 117,048
Taxation and social security 99,492 159,522
Other creditors 255,178 495,564
498,279 820,353

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 70,155 83,195
Hire purchase contracts 311,535 306,318
Other creditors 17,476 15,132
399,166 404,645

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years 30,980 44,020
Other creditors more than
5 years 1,164 1,164
32,144 45,184

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 79,949 92,989
Hire purchase contracts 372,832 344,743
452,781 437,732

The bank loans are secured over the property. The hire purchase contracts included in creditors are secured over the assets to which they relate.

SCOTSERVE (BOTTLING SERVICES) LIMITED (REGISTERED NUMBER: SC127641)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2024 and 31 January 2023:

2024 2023
£    £   
J A Hill and Mrs H Hill
Balance outstanding at start of year 210,088 195,610
Amounts advanced - 114,568
Amounts repaid (13,128 ) (100,090 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 196,960 210,088

HMRC official interest rate is being charged on the above loan and the loan is payable on demand.