IRIS Accounts Production v24.2.0.383 SC454914 Board of Directors Board of Directors Board of Directors Board of Directors 1.1.23 31.12.23 31.12.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC4549142022-12-31SC4549142023-12-31SC4549142023-01-012023-12-31SC4549142021-12-31SC4549142022-01-012022-12-31SC4549142022-12-31SC454914ns15:Scotland2023-01-012023-12-31SC454914ns14:PoundSterling2023-01-012023-12-31SC454914ns10:Director12023-01-012023-12-31SC454914ns10:Director22023-01-012023-12-31SC454914ns10:Director32023-01-012023-12-31SC454914ns10:Director42023-01-012023-12-31SC454914ns10:PrivateLimitedCompanyLtd2023-01-012023-12-31SC454914ns10:SmallEntities2023-01-012023-12-31SC454914ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-31SC454914ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-31SC454914ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-31SC454914ns10:FullAccounts2023-01-012023-12-31SC45491412023-01-012023-12-31SC454914ns10:RegisteredOffice2023-01-012023-12-31SC454914ns5:CurrentFinancialInstruments2023-12-31SC454914ns5:CurrentFinancialInstruments2022-12-31SC454914ns5:Non-currentFinancialInstruments2023-12-31SC454914ns5:Non-currentFinancialInstruments2022-12-31SC454914ns5:ShareCapital2023-12-31SC454914ns5:ShareCapital2022-12-31SC454914ns5:RevaluationReserve2023-12-31SC454914ns5:RevaluationReserve2022-12-31SC454914ns5:CapitalRedemptionReserve2023-12-31SC454914ns5:CapitalRedemptionReserve2022-12-31SC454914ns5:FurtherSpecificReserve1ComponentTotalEquity2023-12-31SC454914ns5:FurtherSpecificReserve1ComponentTotalEquity2022-12-31SC454914ns5:RetainedEarningsAccumulatedLosses2023-12-31SC454914ns5:RetainedEarningsAccumulatedLosses2022-12-31SC454914ns5:NetGoodwill2023-01-012023-12-31SC454914ns5:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-31SC454914ns5:LeaseholdImprovements2023-01-012023-12-31SC454914ns5:FurnitureFittings2023-01-012023-12-31SC454914ns5:ComputerEquipment2023-01-012023-12-31SC454914ns5:NetGoodwill2022-12-31SC454914ns5:NetGoodwill2023-12-31SC454914ns5:NetGoodwill2022-12-31SC454914ns5:LeaseholdImprovements2022-12-31SC454914ns5:FurnitureFittings2022-12-31SC454914ns5:ComputerEquipment2022-12-31SC454914ns5:LeaseholdImprovements2023-12-31SC454914ns5:FurnitureFittings2023-12-31SC454914ns5:ComputerEquipment2023-12-31SC454914ns5:LeaseholdImprovements2022-12-31SC454914ns5:FurnitureFittings2022-12-31SC454914ns5:ComputerEquipment2022-12-31SC454914ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-31SC454914ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31SC454914ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-12-31SC454914ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2022-12-31SC454914ns5:WithinOneYear2023-12-31SC454914ns5:WithinOneYear2022-12-31SC454914ns5:BetweenOneFiveYears2023-12-31SC454914ns5:BetweenOneFiveYears2022-12-31SC454914ns5:MoreThanFiveYears2023-12-31SC454914ns5:MoreThanFiveYears2022-12-31SC454914ns5:AllPeriods2023-12-31SC454914ns5:AllPeriods2022-12-31SC454914ns5:RevaluationReserve2022-12-31
REGISTERED NUMBER: SC454914 (Scotland)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Atholl Scott Ltd

Atholl Scott Ltd (Registered number: SC454914)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Atholl Scott Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: P R Pirie
G R J West
M Sutherland
G Lindsay





REGISTERED OFFICE: Victoria House
13 Victoria Street
ABERDEEN
AB10 1XB





REGISTERED NUMBER: SC454914 (Scotland)






Atholl Scott Ltd (Registered number: SC454914)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 57,500 172,500
Tangible assets 5 28,180 25,880
85,680 198,380

CURRENT ASSETS
Stocks 1,016 1,499
Debtors 6 552,018 556,111
Cash at bank and in hand 165,260 172,609
718,294 730,219
CREDITORS
Amounts falling due within one
year

7

(382,061

)

(317,421

)
NET CURRENT ASSETS 336,233 412,798
TOTAL ASSETS LESS CURRENT
LIABILITIES

421,913

611,178

CREDITORS
Amounts falling due after more
than one year

8

(100,220

)

(130,140

)

PROVISIONS FOR LIABILITIES (6,451 ) (5,729 )
NET ASSETS 315,242 475,309

CAPITAL AND RESERVES
Called up share capital 166 200
Revaluation reserve 10 5,999 14,998
Capital redemption reserve 34 -
Capital contribution 95,017 127,276
Retained earnings 214,026 332,835
SHAREHOLDERS' FUNDS 315,242 475,309

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 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.

Atholl Scott Ltd (Registered number: SC454914)

Balance Sheet - continued
31 December 2023


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 3 September 2024 and were signed on its behalf by:




P R Pirie - Director G R J West - Director




M Sutherland - Director G Lindsay - Director


Atholl Scott Ltd (Registered number: SC454914)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Atholl Scott 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents amounts receivable for services rendered during the year, exclusive of value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 4% on cost
Equipment and furniture - 15% on reducing balance
Computer equipment - 33% on reducing balance

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

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.

Atholl Scott Ltd (Registered number: SC454914)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

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 33 (2022 - 35 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 1,150,000
AMORTISATION
At 1 January 2023 977,500
Amortisation for year 115,000
At 31 December 2023 1,092,500
NET BOOK VALUE
At 31 December 2023 57,500
At 31 December 2022 172,500

5. TANGIBLE FIXED ASSETS
Improvements Equipment
to and Computer
property furniture equipment Totals
£    £    £    £   
COST OR VALUATION
At 1 January 2023 9,657 17,669 41,343 68,669
Additions - 3,882 6,490 10,372
Disposals - - (10,479 ) (10,479 )
At 31 December 2023 9,657 21,551 37,354 68,562
DEPRECIATION
At 1 January 2023 2,231 10,055 30,503 42,789
Charge for year 386 1,726 5,603 7,715
Eliminated on disposal - - (10,122 ) (10,122 )
At 31 December 2023 2,617 11,781 25,984 40,382
NET BOOK VALUE
At 31 December 2023 7,040 9,770 11,370 28,180
At 31 December 2022 7,426 7,614 10,840 25,880

Atholl Scott Ltd (Registered number: SC454914)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 December 2023 is represented by:

Improvements Equipment
to and Computer
property furniture equipment Totals
£    £    £    £   
Valuation in 2014 - 5,999 - 5,999
Cost 9,657 15,552 37,354 62,563
9,657 21,551 37,354 68,562

If furniture and equipment had not been revalued it would have been included at the following historical cost:

31.12.23 31.12.22
£    £   
Cost 52,906 44,014
Aggregate depreciation 33,051 27,379

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 501,439 499,493
Other debtors 3,200 5,300
Prepayments 47,379 51,318
552,018 556,111

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other loans 46,750 -
Preference shares 74,012 82,584
Trade creditors 19,100 24,479
Tax 96,012 60,632
PAYE 17,821 16,380
VAT 76,784 81,130
Other creditors 11,232 10,865
Accrued expenses 40,350 41,351
382,061 317,421

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Other loans - 1-2 years 43,650 -
Preference shares 56,570 67,284
Preference shares - 62,856
100,220 130,140

Atholl Scott Ltd (Registered number: SC454914)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.23 31.12.22
£    £   
Within one year 87,174 87,152
Between one and five years 217,705 294,365
In more than five years - 3,835
304,879 385,352

10. RESERVES
Revaluation
reserve
£   
At 1 January 2023 14,998
Disposal of revalued assets (8,999 )

At 31 December 2023 5,999

11. ULTIMATE CONTROLLING PARTY

The company is controlled by its directors.