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REGISTERED NUMBER: SC522459 (Scotland)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Stenhouse Toa Limited

Stenhouse Toa Limited (Registered number: SC522459)






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




Page

Balance Sheet 1

Notes to the Financial Statements 2


Stenhouse Toa Limited (Registered number: SC522459)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 66,225 33,765

CURRENT ASSETS
Debtors 5 9,468 7,482
Cash at bank and in hand 21,234 34,305
30,702 41,787
CREDITORS
Amounts falling due within one year 6 30,578 18,407
NET CURRENT ASSETS 124 23,380
TOTAL ASSETS LESS CURRENT
LIABILITIES

66,349

57,145

CREDITORS
Amounts falling due after more than one year 7 45,994 20,667
NET ASSETS 20,355 36,478

RESERVES
Income and expenditure account 20,355 36,478
20,355 36,478

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 surplus or deficit 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.

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 26 April 2024 and were signed on its behalf by:



L K Morrow - Director G Simpson - Director



J Kennedy - Director


Stenhouse Toa Limited (Registered number: SC522459)

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

1. STATUTORY INFORMATION

Stenhouse TOA Limited is a private company, limited by guarantee without share capital, domiciled in Scotland, registration number SC522459. The registered office is 344 Main Street,, Stenhousemuir, Larbert, Stirlingshire, FK5 3JR.

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 represents net invoiced sales in connection with rental of equipment and services provided to members and non members excluding value added tax. Sales are recognised at the point at which service is complete nad the rental falls due.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to surplus or deficit over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to surplus or deficit 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.

Provisions
Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 9 ) .

Stenhouse Toa Limited (Registered number: SC522459)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 9,551 3,017 45,224 9,563 67,355
Additions 2,467 - 42,108 225 44,800
At 31 December 2023 12,018 3,017 87,332 9,788 112,155
DEPRECIATION
At 1 January 2023 9,313 2,755 15,520 6,002 33,590
Charge for year 198 65 11,175 902 12,340
At 31 December 2023 9,511 2,820 26,695 6,904 45,930
NET BOOK VALUE
At 31 December 2023 2,507 197 60,637 2,884 66,225
At 31 December 2022 238 262 29,704 3,561 33,765

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 42,108
At 31 December 2023 42,108
DEPRECIATION
Charge for year 3,749
At 31 December 2023 3,749
NET BOOK VALUE
At 31 December 2023 38,359

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 4,012 4,212
Other debtors 5,456 3,270
9,468 7,482

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 8,000 8,000
Hire purchase contracts 12,497 -
Trade creditors 1,692 1,640
Taxation and social security 6,912 7,319
Other creditors 1,477 1,448
30,578 18,407

Stenhouse Toa Limited (Registered number: SC522459)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 12,667 20,667
Hire purchase contracts 33,327 -
45,994 20,667

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Hire purchase contracts 45,824 -

Hire purchase creditors are secured on the assets to which they relate.