Company Registration No. SC099921 (Scotland)
Sinclair Scott Limited
Unaudited accounts
for the year ended 31 March 2024
Sinclair Scott Limited
Unaudited accounts
Contents
Sinclair Scott Limited
Company Information
for the year ended 31 March 2024
Directors
A Spence
M Spence
K Spence
Company Number
SC099921 (Scotland)
Registered Office
Unit 6, Borthwick View
Pentland Industrial Estate
Loanhead
EH20 9QH
Accountants
GR Thomson & Co LTD
EH20 Business Centre
6 Dryden Road
Loanhead
Midlothian
EH20 9LZ
Sinclair Scott Limited
Statement of financial position
as at 31 March 2024
Tangible assets
38,979
35,296
Inventories
241,229
445,405
Cash at bank and in hand
70,973
11,990
Creditors: amounts falling due within one year
(128,137)
(277,308)
Net current assets
479,082
377,565
Total assets less current liabilities
518,061
412,861
Creditors: amounts falling due after more than one year
(87,549)
-
Provisions for liabilities
Deferred tax
(7,406)
(6,706)
Net assets
423,106
406,155
Called up share capital
400
400
Profit and loss account
422,706
405,755
Shareholders' funds
423,106
406,155
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 6 August 2024 and were signed on its behalf by
A Spence
Director
Company Registration No. SC099921
Sinclair Scott Limited
Notes to the Accounts
for the year ended 31 March 2024
Sinclair Scott Limited is a private company, limited by shares, registered in Scotland, registration number SC099921. The registered office is Unit 6, Borthwick View, Pentland Industrial Estate, Loanhead, EH20 9QH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% reducing balance method
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2023
85,156
1,615
86,771
Disposals
(19,828)
-
(19,828)
At 31 March 2024
83,873
1,615
85,488
At 1 April 2023
50,903
572
51,475
Charge for the year
11,230
261
11,491
On disposals
(16,457)
-
(16,457)
At 31 March 2024
45,676
833
46,509
At 31 March 2024
38,197
782
38,979
At 31 March 2023
34,253
1,043
35,296
Sinclair Scott Limited
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Trade debtors
180,109
75,066
Amounts due from group undertakings etc.
98,856
106,756
Accrued income and prepayments
1,593
1,593
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
99,607
209,181
Taxes and social security
23,629
40,315
Other creditors
3,847
25,841
7
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
(3,500)
-
Allotted, called up and fully paid:
200 Ordinary shares of £1 each
200
200
200 Ordinary shares A-F of £1 each
200
200
9
Transactions with related parties
The company trades from premises owned by Sinclair Scott (Properties) Limited, a company whose entire share capital is owned by the Directors and other shareholders of Sinclair Scott Limited.
10
Average number of employees
During the year the average number of employees was 21 (2023: 21).