1 April 2023 false No description of principal activity Taxfiler 2024.5 SC099921business:PrivateLimitedCompanyLtd2023-04-012024-03-31 SC0999212023-03-31 SC0999212023-04-012024-03-31 SC099921business:AuditExemptWithAccountantsReport2023-04-012024-03-31 SC099921business:FilletedAccounts2023-04-012024-03-31 SC0999212024-03-31 SC099921business:Director12023-04-012024-03-31 SC099921business:Director22023-04-012024-03-31 SC099921business:Director32023-04-012024-03-31 SC099921business:CompanySecretary12023-04-012024-03-31 SC099921business:RegisteredOffice2023-04-012024-03-31 SC0999212023-03-31 SC099921core:WithinOneYear2024-03-31 SC099921core:WithinOneYear2023-03-31 SC099921core:AfterOneYear2024-03-31 SC099921core:AfterOneYear2023-03-31 SC099921core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 SC099921core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 SC099921core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 SC099921core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 SC099921core:PreviouslyStatedAmount2024-03-31 SC099921core:PreviouslyStatedAmount2023-03-31 SC099921business:SmallEntities2023-04-012024-03-31 SC099921countries:Scotland2023-04-012024-03-31 SC099921core:MotorVehicles2023-04-012024-03-31 SC099921core:MotorVehicles2023-03-31 SC099921core:ComputerEquipment2023-03-31 SC099921core:ComputerEquipment2023-04-012024-03-31 SC099921core:MotorVehicles2024-03-31 SC099921core:ComputerEquipment2024-03-31 SC099921business:OrdinaryShareClass12023-04-012024-03-31 SC099921business:OrdinaryShareClass12022-04-012023-03-31 SC099921business:OrdinaryShareClass22023-04-012024-03-31 SC099921business:OrdinaryShareClass22022-04-012023-03-31 SC099921business:AllOrdinaryShares2023-04-012024-03-31 SC099921business:AllOrdinaryShares2022-04-012023-03-31 SC0999212022-04-012023-03-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. SC099921 (Scotland)
Sinclair Scott Limited Unaudited accounts for the year ended 31 March 2024
Sinclair Scott Limited Unaudited accounts Contents
Page
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Sinclair Scott Limited Company Information for the year ended 31 March 2024
Directors
A Spence M Spence K Spence
Secretary
M 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
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Sinclair Scott Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
38,979 
35,296 
Current assets
Inventories
241,229 
445,405 
Debtors
295,017 
197,478 
Cash at bank and in hand
70,973 
11,990 
607,219 
654,873 
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 
Capital and reserves
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
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Sinclair Scott Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Additions
18,545 
- 
18,545 
Disposals
(19,828)
- 
(19,828)
At 31 March 2024
83,873 
1,615 
85,488 
Depreciation
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 
Net book value
At 31 March 2024
38,197 
782 
38,979 
At 31 March 2023
34,253 
1,043 
35,296 
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Sinclair Scott Limited Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
9,303 
9,420 
Trade debtors
180,109 
75,066 
Amounts due from group undertakings etc.
98,856 
106,756 
Accrued income and prepayments
1,593 
1,593 
Other debtors
5,036 
4,643 
294,897 
197,478 
Amounts falling due after more than one year
Other debtors
120 
- 
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 
Accruals
1,054 
1,971 
128,137 
277,308 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
66,048 
- 
Other creditors
25,001 
- 
Loans from directors
(3,500)
- 
87,549 
- 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
200 Ordinary shares of £1 each
200 
200 
200 Ordinary shares A-F of £1 each
200 
200 
400 
400 
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).
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