STUART LIVINGSTONE JOINERY LIMITED

Company Registration Number:
SC334437 (Scotland)

Unaudited abridged accounts for the year ended 30 November 2023

Period of accounts

Start date: 01 December 2022

End date: 30 November 2023

STUART LIVINGSTONE JOINERY LIMITED

Contents of the Financial Statements

for the Period Ended 30 November 2023

Balance sheet
Notes

STUART LIVINGSTONE JOINERY LIMITED

Balance sheet

As at 30 November 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 37,726 45,623
Total fixed assets: 37,726 45,623
Current assets
Stocks: 36,701 209,672
Debtors:   70,175 113,046
Cash at bank and in hand: 479,248 224,766
Total current assets: 586,124 547,484
Creditors: amounts falling due within one year: 4 (264,784) (300,138)
Net current assets (liabilities): 321,340 247,346
Total assets less current liabilities: 359,066 292,969
Creditors: amounts falling due after more than one year: 5 (16,514) (26,740)
Total net assets (liabilities): 342,552 266,229
Capital and reserves
Called up share capital: 1,000 1,000
Profit and loss account: 341,552 265,229
Shareholders funds: 342,552 266,229

The notes form part of these financial statements

STUART LIVINGSTONE JOINERY LIMITED

Balance sheet statements

For the year ending 30 November 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 29 August 2024
and signed on behalf of the board by:

Name: Stuart Livingstone
Status: Director

The notes form part of these financial statements

STUART LIVINGSTONE JOINERY LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Sale of Goods Revenue from the sale of goods is recognised when all of the following conditions are satisfied: the Company has transferred the significant risks and rewards of ownership to the buyer; the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; the amount of revenue can be measured reliably; it is probable that the Company will receive the consideration due under the transaction; and the costs incurred or to be incurred in respect of the transaction can be measured reliably. Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: the amount of revenue can be measured reliably; it is probable that the Company will receive the consideration due under the contract; the stage of completion of the contract at the end of the reporting period can be measured reliably; and the costs incurred and the costs to complete the contract can be measured reliably.

Tangible fixed assets and depreciation policy

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated lives, on a reducing balance basis. Depreciation is provided on the following basis: Long-term leasehold property 10% Plant and Machinery 20% Motor vehicles 25% The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

STUART LIVINGSTONE JOINERY LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

2. Employees

2023 2022
Average number of employees during the period 7 8

STUART LIVINGSTONE JOINERY LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

3. Tangible Assets

Total
Cost £
At 01 December 2022 214,282
At 30 November 2023 214,282
Depreciation
At 01 December 2022 168,659
Charge for year 7,897
At 30 November 2023 176,556
Net book value
At 30 November 2023 37,726
At 30 November 2022 45,623

STUART LIVINGSTONE JOINERY LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

4. Creditors: amounts falling due within one year note

2023 2022 Bank overdraft 1953 6989 Bank loans 10098 9849 Trade creditors 16997 42151 Corporation tax 23382 9472 Other tax and social security 7901 6379 Other creditors 203312 224286 Accruals 1141 1012 Total 264784 300138

STUART LIVINGSTONE JOINERY LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

5. Creditors: amounts falling due after more than one year note

2023 2022 Bank loans 16514 26740