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REGISTERED NUMBER: SC086036 (Scotland)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

STIRLING PLANT (HIRE & SALES) LIMITED

STIRLING PLANT (HIRE & SALES) LIMITED (REGISTERED NUMBER: SC086036)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023




Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


STIRLING PLANT (HIRE & SALES) LIMITED (REGISTERED NUMBER: SC086036)

ABRIDGED BALANCE SHEET
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 232,446 232,485

CURRENT ASSETS
Debtors 51,455 58,218
Cash at bank 264,428 253,426
315,883 311,644
CREDITORS
Amounts falling due within one year 35,437 32,187
NET CURRENT ASSETS 280,446 279,457
TOTAL ASSETS LESS CURRENT
LIABILITIES

512,892

511,942

CAPITAL AND RESERVES
Called up share capital 90 90
Revaluation reserve 5 33,000 33,000
Capital redemption reserve (42,179 ) (42,179 )
Retained earnings 521,981 521,031
SHAREHOLDERS' FUNDS 512,892 511,942

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 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.

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 Balance Sheet for the year ended 31 December 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.

STIRLING PLANT (HIRE & SALES) LIMITED (REGISTERED NUMBER: SC086036)

ABRIDGED BALANCE SHEET - continued
31 December 2023



The financial statements were approved by the director and authorised for issue on 17 September 2024 and were signed by:





M Stewart - Director


STIRLING PLANT (HIRE & SALES) LIMITED (REGISTERED NUMBER: SC086036)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Stirling Plant (Hire & Sales) Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

Registered number: SC086036

Registered office: Milton Mill
Whins of Milton
Stirling
FK7 8EW

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 and revenue recognition
Turnover represents net invoiced sales of goods and services, excluding VAT. Revenue is recognised when goods and services are provided to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

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

STIRLING PLANT (HIRE & SALES) LIMITED (REGISTERED NUMBER: SC086036)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023
and 31 December 2023 242,302
DEPRECIATION
At 1 January 2023 9,817
Charge for year 39
At 31 December 2023 9,856
NET BOOK VALUE
At 31 December 2023 232,446
At 31 December 2022 232,485

5. RESERVES
Revaluation
reserve
£   
At 1 January 2023
and 31 December 2023 33,000

6. RELATED PARTY DISCLOSURES

The company is related to the following parties due to common ownership and control:

Plot 1 Limited
Thomas W. Stewart & Company Limited

The balances due from the related parties are as follows:

31/12/23 31/12/22
£    £   
Plot 1 Limited 56000 56000

Thomas W. Stewart & Company Limited (7345 ) 2800


The total is disclosed in note 6 of the financial statements.

7. ULTIMATE CONTROLLING PARTY

The company is owned and controlled by the director and his immediate family.