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REGISTERED NUMBER: SC196914 (Scotland)













Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Storrier & Donaldson Limited

Storrier & Donaldson Limited (Registered number: SC196914)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Storrier & Donaldson Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: R I Currie
D McKinney
E Cameron





SECRETARY: R I Currie





REGISTERED OFFICE: 33a Gordon Street
Glasgow
G1 3PF





REGISTERED NUMBER: SC196914 (Scotland)





ACCOUNTANTS: Gerber Landa & Gee
Chartered Accountants
Pavilion 1
Finnieston Business Park
Minerva Way
GLASGOW
G3 8AU

Storrier & Donaldson Limited (Registered number: SC196914)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 194,726 209,805

CURRENT ASSETS
Stocks 39,722 25,725
Debtors 5 77,364 47,300
Cash at bank 30,007 106,785
147,093 179,810
CREDITORS
Amounts falling due within one year 6 51,504 71,016
NET CURRENT ASSETS 95,589 108,794
TOTAL ASSETS LESS CURRENT
LIABILITIES

290,315

318,599

CREDITORS
Amounts falling due after more than one
year

7

(15,654

)

(28,467

)

PROVISIONS FOR LIABILITIES (3,660 ) (6,602 )
NET ASSETS 271,001 283,530

CAPITAL AND RESERVES
Called up share capital 136,111 136,111
Fair value reserve 8 66,379 68,750
Capital redemption reserve 13,389 13,389
Retained earnings 55,122 65,280
SHAREHOLDERS' FUNDS 271,001 283,530

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

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

Storrier & Donaldson Limited (Registered number: SC196914)

Balance Sheet - continued
31 December 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 10 July 2024 and were signed on its behalf by:





R I Currie - Director


Storrier & Donaldson Limited (Registered number: SC196914)

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

1. STATUTORY INFORMATION

Storrier & Donaldson 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 as modified by the revaluation of certain assets.

Turnover
Where there is a contract which is only partially completed at the balance sheet date turnover represents the value of service provided to date based on a proportion of the total contract value.

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.
Freehold property - Between 10% - 25% on cost
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using effective interest method.

Cash and Cash equivalents
Cash and cash equivalents are basic financial assets and include cash on hand and deposits held at call with banks and bank overdrafts.

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.


Storrier & Donaldson Limited (Registered number: SC196914)

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

2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 January 2023 285,000 163,370 448,370
Additions - 1,166 1,166
At 31 December 2023 285,000 164,536 449,536
DEPRECIATION
At 1 January 2023 112,821 125,744 238,565
Charge for year 5,938 10,307 16,245
At 31 December 2023 118,759 136,051 254,810
NET BOOK VALUE
At 31 December 2023 166,241 28,485 194,726
At 31 December 2022 172,179 37,626 209,805

Storrier & Donaldson Limited (Registered number: SC196914)

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

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 December 2023 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2003 102,535 - 102,535
Cost 182,465 164,536 347,001
285,000 164,536 449,536

If freehold property had not been revalued it would have been included at the following historical cost:

31.12.23 31.12.22
£    £   
Cost 182,465 182,465
Aggregate depreciation 72,986 72,986

The office property was valued on an open market basis on 30 May 2003 by The Griffin Webster Partnership .

The valuation was carried out in accordance with the RICS appraisal and valuation manual.

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

Plant and
machinery
etc
£   
COST OR VALUATION
At 1 January 2023 67,511
Transfer to ownership (31,555 )
At 31 December 2023 35,956
DEPRECIATION
At 1 January 2023 42,981
Charge for year 6,132
Transfer to ownership (24,535 )
At 31 December 2023 24,578
NET BOOK VALUE
At 31 December 2023 11,378
At 31 December 2022 24,530

Storrier & Donaldson Limited (Registered number: SC196914)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 72,110 40,573
Other debtors 5,254 6,727
77,364 47,300

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 8,000 8,000
Hire purchase contracts 5,759 11,440
Taxation and social security 31,598 39,186
Other creditors 6,147 12,390
51,504 71,016

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 11,334 19,334
Hire purchase contracts 4,320 9,133
15,654 28,467

8. RESERVES
Fair
value
reserve
£   
At 1 January 2023 68,750
Depreciation on revalued amount (2,371 )

At 31 December 2023 66,379