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REGISTERED NUMBER: SC549516 (Scotland)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

TRADITIONAL BUILDERS 25 LTD.

TRADITIONAL BUILDERS 25 LTD. (REGISTERED NUMBER: SC549516)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


TRADITIONAL BUILDERS 25 LTD.

Company Information
for the Year Ended 30 November 2023







DIRECTORS: G Livingstone
I Livingstone
Mrs D Livingstone





REGISTERED OFFICE: Oakfield House
378 Brandon Street
Motherwell
ML1 1XA





REGISTERED NUMBER: SC549516 (Scotland)





ACCOUNTANTS: Watson & Co.
Oakfield House
378 Brandon Street
Motherwell
NORTH LANARKSHIRE
ML1 1XA

TRADITIONAL BUILDERS 25 LTD. (REGISTERED NUMBER: SC549516)

Abridged Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 48,932 27,590

CURRENT ASSETS
Stocks - 6,042
Debtors 59,763 62,839
Cash at bank 16,775 14,815
76,538 83,696
CREDITORS
Amounts falling due within one year 49,945 69,787
NET CURRENT ASSETS 26,593 13,909
TOTAL ASSETS LESS CURRENT
LIABILITIES

75,525

41,499

CREDITORS
Amounts falling due after more than one
year

38,785

28,047
NET ASSETS 36,740 13,452

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 36,640 13,352
36,740 13,452

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 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.

TRADITIONAL BUILDERS 25 LTD. (REGISTERED NUMBER: SC549516)

Abridged 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 November 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 30 August 2024 and were signed on its behalf by:




I Livingstone - Director



Mrs D Livingstone - Director


TRADITIONAL BUILDERS 25 LTD. (REGISTERED NUMBER: SC549516)

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

1. STATUTORY INFORMATION

Traditional Builders 25 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.

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.
Plant and machinery etc - 20% 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.

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.

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.

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

TRADITIONAL BUILDERS 25 LTD. (REGISTERED NUMBER: SC549516)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2022 38,300
Additions 33,575
At 30 November 2023 71,875
DEPRECIATION
At 1 December 2022 10,710
Charge for year 12,233
At 30 November 2023 22,943
NET BOOK VALUE
At 30 November 2023 48,932
At 30 November 2022 27,590

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

Totals
£   
COST
At 1 December 2022 38,300
Additions 33,575
At 30 November 2023 71,875
DEPRECIATION
At 1 December 2022 10,710
Charge for year 12,233
At 30 November 2023 22,943
NET BOOK VALUE
At 30 November 2023 48,932
At 30 November 2022 27,590

TRADITIONAL BUILDERS 25 LTD. (REGISTERED NUMBER: SC549516)

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

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2023 and 30 November 2022:

2023 2022
£    £   
Mrs D Livingstone
Balance outstanding at start of year - -
Amounts advanced 12,481 -
Amounts repaid (12,481 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

I Livingstone
Balance outstanding at start of year - -
Amounts advanced 12,481 -
Amounts repaid (12,481 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

The directors' loans were repaid within 9 months of the year end. The loans are repayable on demand and no interest is charged.