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REGISTERED NUMBER: SC297857 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

SUPERIOR RENDER SYSTEMS LTD

SUPERIOR RENDER SYSTEMS LTD (REGISTERED NUMBER: SC297857)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SUPERIOR RENDER SYSTEMS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: A F Mackle
Mrs J Mackle
W Andrew





REGISTERED OFFICE: 2 Tom Johnston Way
Lenzie
Glasgow
G66 3JU





REGISTERED NUMBER: SC297857 (Scotland)

SUPERIOR RENDER SYSTEMS LTD (REGISTERED NUMBER: SC297857)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,510 7,470

CURRENT ASSETS
Stocks 5 356,425 390,267
Debtors 6 25,000 137,033
Cash at bank and in hand 636,562 709,652
1,017,987 1,236,952
CREDITORS
Amounts falling due within one year 7 286,543 443,144
NET CURRENT ASSETS 731,444 793,808
TOTAL ASSETS LESS CURRENT
LIABILITIES

736,954

801,278

PROVISIONS FOR LIABILITIES 8 1,378 1,419
NET ASSETS 735,576 799,859

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 735,476 799,759
SHAREHOLDERS' FUNDS 735,576 799,859

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

SUPERIOR RENDER SYSTEMS LTD (REGISTERED NUMBER: SC297857)

BALANCE SHEET - continued
31 MAY 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 September 2024 and were signed on its behalf by:





Mrs J Mackle - Director


SUPERIOR RENDER SYSTEMS LTD (REGISTERED NUMBER: SC297857)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Superior Render Systems 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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on reducing balance

Tangible assets are initially recognised at cost which is the price plus any directly attributable costs. Subsequently tangible assets are measured at cost less accumulated depreciation and impairment losses.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of Income and Retained Earnings.


SUPERIOR RENDER SYSTEMS LTD (REGISTERED NUMBER: SC297857)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

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

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 3 (2023 - 3 ) .

SUPERIOR RENDER SYSTEMS LTD (REGISTERED NUMBER: SC297857)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2023
and 31 May 2024 12,885 3,889 27,950 12,681 57,405
DEPRECIATION
At 1 June 2023 11,679 2,670 25,455 10,131 49,935
Charge for year 242 244 624 850 1,960
At 31 May 2024 11,921 2,914 26,079 10,981 51,895
NET BOOK VALUE
At 31 May 2024 964 975 1,871 1,700 5,510
At 31 May 2023 1,206 1,219 2,495 2,550 7,470

5. STOCKS
2024 2023
£    £   
Stocks 3,500 3,800
Work-in-progress 352,925 386,467
356,425 390,267

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 97,940
VAT 25,000 39,093
25,000 137,033

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 107,118 140,102
Tax 115,614 238,605
Social security and other taxes 10,582 17,486
Other creditors 2,000 2,000
Directors' current accounts 2,519 2,744
Accrued expenses 48,710 42,207
286,543 443,144

SUPERIOR RENDER SYSTEMS LTD (REGISTERED NUMBER: SC297857)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 1,378 1,419

Deferred
tax
£   
Balance at 1 June 2023 1,419
Credit to Income Statement during year (41 )
Balance at 31 May 2024 1,378