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CORBETT & SHIELDS LTD

Registered Number
SC680828
(Scotland)

Unaudited Financial Statements for the Year ended
30 November 2023

CORBETT & SHIELDS LTD
Company Information
for the year from 1 December 2022 to 30 November 2023

Directors

ATKINSON, Scott
SELLAR, Mary

Registered Address

C/O Mccreath Accountancy Lomond House
4 South Street
Inchinnan
PA4 9RJ

Registered Number

SC680828 (Scotland)
CORBETT & SHIELDS LTD
Balance Sheet as at
30 November 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets34,212400
4,212400
Current assets
Debtors4,68069,232
Cash at bank and on hand92,64661,360
97,326130,592
Creditors amounts falling due within one year4(365)-
Net current assets (liabilities)96,961130,592
Total assets less current liabilities101,173130,992
Net assets101,173130,992
Capital and reserves
Profit and loss account101,173130,992
Shareholders' funds101,173130,992
The financial statements were approved and authorised for issue by the Board of Directors on 29 August 2024, and are signed on its behalf by:
ATKINSON, Scott
Director
SELLAR, Mary
Director

Registered Company No. SC680828
CORBETT & SHIELDS LTD
Notes to the Financial Statements
for the year ended 30 November 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
2.Average number of employees

20232022
Average number of employees during the year44
3.Tangible fixed assets

Plant & machinery

Office Equipment

Total

£££
Cost or valuation
At 01 December 22-400400
Additions4684,6065,074
At 30 November 234685,0065,474
Depreciation and impairment
Charge for year1171,1451,262
At 30 November 231171,1451,262
Net book value
At 30 November 233513,8614,212
At 30 November 22-400400
4.Creditors: amounts due within one year

2023

2022

££
Taxation and social security365-
Total365-
5.Creditors: amounts due after one year