IRIS Accounts Production v24.2.0.383 SC305587 director 1.12.22 30.11.23 30.11.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC3055872022-11-30SC3055872023-11-30SC3055872022-12-012023-11-30SC3055872021-11-30SC3055872021-12-012022-11-30SC3055872022-11-30SC305587ns15:Scotland2022-12-012023-11-30SC305587ns14:PoundSterling2022-12-012023-11-30SC305587ns10:Director12022-12-012023-11-30SC305587ns10:PrivateLimitedCompanyLtd2022-12-012023-11-30SC305587ns10:SmallEntities2022-12-012023-11-30SC305587ns10:AuditExempt-NoAccountantsReport2022-12-012023-11-30SC305587ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-30SC305587ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-30SC305587ns10:FullAccounts2022-12-012023-11-30SC305587ns10:RegisteredOffice2022-12-012023-11-30SC305587ns5:CurrentFinancialInstruments2023-11-30SC305587ns5:CurrentFinancialInstruments2022-11-30SC305587ns5:ShareCapital2023-11-30SC305587ns5:ShareCapital2022-11-30SC305587ns5:RetainedEarningsAccumulatedLosses2023-11-30SC305587ns5:RetainedEarningsAccumulatedLosses2022-11-30SC305587ns5:PlantMachinery2022-12-012023-11-30SC305587ns5:FurnitureFittings2022-12-012023-11-30SC305587ns5:MotorVehicles2022-12-012023-11-30SC305587ns5:ComputerEquipment2022-12-012023-11-30SC305587ns5:PlantMachinery2022-11-30SC305587ns5:FurnitureFittings2022-11-30SC305587ns5:MotorVehicles2022-11-30SC305587ns5:ComputerEquipment2022-11-30SC305587ns5:PlantMachinery2023-11-30SC305587ns5:FurnitureFittings2023-11-30SC305587ns5:MotorVehicles2023-11-30SC305587ns5:ComputerEquipment2023-11-30SC305587ns5:PlantMachinery2022-11-30SC305587ns5:FurnitureFittings2022-11-30SC305587ns5:MotorVehicles2022-11-30SC305587ns5:ComputerEquipment2022-11-30SC305587ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-11-30SC305587ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-11-30
REGISTERED NUMBER: SC305587 (Scotland)















Unaudited Financial Statements

for the Year Ended 30 November 2023

for

Michael Strachan Local Plumbers Ltd

Michael Strachan Local Plumbers Ltd (Registered number: SC305587)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Michael Strachan Local Plumbers Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTOR: Mr M Strachan





REGISTERED OFFICE: 25 Glenugie Drive
Peterhead
Aberdeenshire
AB42 2GR





REGISTERED NUMBER: SC305587 (Scotland)





ACCOUNTANTS: SBP
Accountants
Glebefield House
21 Links Terrace
Peterhead
Aberdeenshire
AB42 2XA

Michael Strachan Local Plumbers Ltd (Registered number: SC305587)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 28,634 20,395

CURRENT ASSETS
Stocks 7,300 5,500
Debtors 5 333,983 366,067
Investments 6 149,098 145,241
Cash at bank 307,401 259,212
797,782 776,020
CREDITORS
Amounts falling due within one year 7 68,789 87,033
NET CURRENT ASSETS 728,993 688,987
TOTAL ASSETS LESS CURRENT
LIABILITIES

757,627

709,382

PROVISIONS FOR LIABILITIES 6,557 5,099
NET ASSETS 751,070 704,283

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 751,068 704,281
751,070 704,283

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

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

Michael Strachan Local Plumbers Ltd (Registered number: SC305587)

Balance Sheet - continued
30 November 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 August 2024 and were signed by:





Mr M Strachan - Director


Michael Strachan Local Plumbers Ltd (Registered number: SC305587)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Michael Strachan Local Plumbers 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.

The financial statements for the year ended 30 November 2017 are the first financial statements that comply with FRS102 Section 1A small entities. The date of transition is 01 December 2015. The transition has resulted in a small number of changes in accounting policies to those used previously.

Turnover
Turnover represents the amounts (excluding value added tax) derived from the provision of goods and services to customers. Revenue is recognised at the point of sale of goods and the point services are provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets are included at cost less depreciation and impairment. The residual value is reassessed at the end of each accounting period.

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 Statement of Income and Retained Earnings, 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.

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 5 (2022 - 4 ) .

Michael Strachan Local Plumbers Ltd (Registered number: SC305587)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2022 4,346 300 48,127 587 53,360
Additions 523 - 20,078 - 20,601
Disposals - - (15,834 ) - (15,834 )
At 30 November 2023 4,869 300 52,371 587 58,127
DEPRECIATION
At 1 December 2022 4,286 283 27,809 587 32,965
Charge for year 145 4 9,395 - 9,544
Eliminated on disposal - - (13,016 ) - (13,016 )
At 30 November 2023 4,431 287 24,188 587 29,493
NET BOOK VALUE
At 30 November 2023 438 13 28,183 - 28,634
At 30 November 2022 60 17 20,318 - 20,395

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 320,655 356,730
Amounts recoverable on contract 5,349 3,912
Other debtors 7,979 5,425
333,983 366,067

6. CURRENT ASSET INVESTMENTS
30.11.23 30.11.22
£    £   
Investments 149,098 145,241

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors 16,860 41,420
Taxation and social security 43,591 37,929
Other creditors 8,338 7,684
68,789 87,033

8. ULTIMATE CONTROLLING PARTY

The company is controlled by the shareholders.