IRIS Accounts Production v24.2.0.383 SC447556 director 1.5.23 30.4.24 30.4.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC4475562023-04-30SC4475562024-04-30SC4475562023-05-012024-04-30SC4475562022-04-30SC4475562022-05-012023-04-30SC4475562023-04-30SC447556ns15:Scotland2023-05-012024-04-30SC447556ns14:PoundSterling2023-05-012024-04-30SC447556ns10:Director12023-05-012024-04-30SC447556ns10:PrivateLimitedCompanyLtd2023-05-012024-04-30SC447556ns10:SmallEntities2023-05-012024-04-30SC447556ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-30SC447556ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-30SC447556ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-30SC447556ns10:FullAccounts2023-05-012024-04-30SC447556ns10:RegisteredOffice2023-05-012024-04-30SC447556ns5:CurrentFinancialInstruments2024-04-30SC447556ns5:CurrentFinancialInstruments2023-04-30SC447556ns5:ShareCapital2024-04-30SC447556ns5:ShareCapital2023-04-30SC447556ns5:RetainedEarningsAccumulatedLosses2024-04-30SC447556ns5:RetainedEarningsAccumulatedLosses2023-04-30SC447556ns5:PlantMachinery2023-05-012024-04-30SC447556ns5:PlantMachinery2023-04-30SC447556ns5:PlantMachinery2024-04-30SC447556ns5:PlantMachinery2023-04-30SC447556ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-30SC447556ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-30SC4475561ns10:Director12023-04-30SC4475561ns10:Director12022-04-30SC4475561ns10:Director12023-05-012024-04-30SC4475561ns10:Director12022-05-012023-04-30SC4475561ns10:Director12024-04-30SC4475561ns10:Director12023-04-30
REGISTERED NUMBER: SC447556 (Scotland)















Leigh Mowat Ltd

Financial Statements For The Year Ended 30 April 2024






Leigh Mowat Ltd (Registered number: SC447556)






Contents of the Financial Statements
For The Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Leigh Mowat Ltd

Company Information
For The Year Ended 30 April 2024







DIRECTOR: L Mowat



REGISTERED OFFICE: Kirk Cottage
St Margaret's Hope
Orkney
KW17 2TJ



REGISTERED NUMBER: SC447556 (Scotland)



ACCOUNTANTS: The Long Partnership
Chartered Accountants
Chartered Tax Advisers
1 Castle Street
Kirkwall
Orkney
KW15 1HD



BANKERS: The Royal Bank of Scotland
1 Victoria Street
Kirkwall
Orkney
KW15 1DP

Leigh Mowat Ltd (Registered number: SC447556)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 119,956 135,472

CURRENT ASSETS
Stocks - 790
Debtors 5 10,372 40,776
Cash at bank 293,603 236,101
303,975 277,667
CREDITORS
Amounts falling due within one year 6 24,543 20,233
NET CURRENT ASSETS 279,432 257,434
TOTAL ASSETS LESS CURRENT
LIABILITIES

399,388

392,906

PROVISIONS FOR LIABILITIES 19,129 19,572
NET ASSETS 380,259 373,334

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 380,159 373,234
SHAREHOLDERS' FUNDS 380,259 373,334

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

Leigh Mowat Ltd (Registered number: SC447556)

Balance Sheet - continued
30 April 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 director and authorised for issue on 19 September 2024 and were signed by:





L Mowat - Director


Leigh Mowat Ltd (Registered number: SC447556)

Notes to the Financial Statements
For The Year Ended 30 April 2024

1. STATUTORY INFORMATION

Leigh Mowat 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.
Equipment - 25% on reducing balance and 10% 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Leigh Mowat Ltd (Registered number: SC447556)

Notes to the Financial Statements - continued
For The Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Equipment
£   
COST
At 1 May 2023 263,423
Additions 31,550
Disposals (53,210 )
At 30 April 2024 241,763
DEPRECIATION
At 1 May 2023 127,951
Charge for year 17,038
Eliminated on disposal (23,182 )
At 30 April 2024 121,807
NET BOOK VALUE
At 30 April 2024 119,956
At 30 April 2023 135,472

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other debtors 10,372 40,776

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 5,999 3,633
Taxation and social security 15,705 14,607
Other creditors 2,839 1,993
24,543 20,233

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
L Mowat
Balance outstanding at start of year 20,102 44,836
Amounts repaid (20,102 ) (24,734 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 20,102

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is L Mowat.