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REGISTERED NUMBER: SC607743 (Scotland)















Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 December 2023

for

Carpenters Scotland Limited

Carpenters Scotland Limited (Registered number: SC607743)






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




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


Carpenters Scotland Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: J Carpenter
A Hayes
Ms D Scully
C MacGregor





SECRETARY: Mrs D M Richards





REGISTERED OFFICE: Abbey House
1st Floor 2-10 Bothwell Street
Glasgow
G2 6LU





REGISTERED NUMBER: SC607743 (Scotland)






Carpenters Scotland Limited (Registered number: SC607743)

Report of the Directors
for the Year Ended 31 December 2023

The directors present their report with the financial statements of the company for the year ended 31 December 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of the provision of legal services.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 January 2023 to the date of this report.

J Carpenter
A Hayes
Ms D Scully
C MacGregor

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





A Hayes - Director


24 September 2024

Carpenters Scotland Limited (Registered number: SC607743)

Income Statement
for the Year Ended 31 December 2023

31.12.23 31.12.22
Notes £    £   

TURNOVER 5,317,211 3,567,680

Administrative expenses 5,317,035 3,567,680
OPERATING PROFIT and
PROFIT BEFORE TAXATION 176 -

Tax on profit 5 176 -
PROFIT FOR THE FINANCIAL YEAR - -

Carpenters Scotland Limited (Registered number: SC607743)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 6 185 574

CURRENT ASSETS
Debtors 7 1,920,859 1,177,943
Prepayments and accrued income 15,753 13,407
Cash at bank 36,848 35,324
1,973,460 1,226,674
CREDITORS
Amounts falling due within one year 8 1,972,643 1,226,246
NET CURRENT ASSETS 817 428
TOTAL ASSETS LESS CURRENT LIABILITIES 1,002 1,002

CAPITAL AND RESERVES
Called up share capital 9 1,002 1,002
SHAREHOLDERS' FUNDS 1,002 1,002

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2024 and were signed on its behalf by:





A Hayes - Director


Carpenters Scotland Limited (Registered number: SC607743)

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

1. STATUTORY INFORMATION

Carpenters Scotland Limited 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 on a reducing balance basis over its estimated useful life.

Fixtures & Fittings 18% reducing balance per annum
Computer equipment18% reducing balance per annum

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.

Accrued income
Profit is taken as the work is carried out if the final outcome can be assessed with reasonable certainty. The profit included is calculated on a prudent basis to reflect the proportion of work carried out at the year end by recording revenue and related costs on each case. Revenue is calculated as the proportion of total case value which costs incurred to date bear to total costs for each case. The remaining revenue is only recognised on completion of the case.

No value is placed on accrued income in relation to continent fee cases in accordance with recognised accounting practice, where there is insufficient certainty as to the outcome of the cases to justify the recognition as an asset.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

31.12.23 31.12.22
£    £   
Directors' remuneration 94,010 83,985

4. OPERATING PROFIT

The operating profit is stated after charging:

31.12.23 31.12.22
£    £   
Depreciation - owned assets 389 390

Carpenters Scotland Limited (Registered number: SC607743)

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

5. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
31.12.23 31.12.22
£    £   
Current tax:
UK corporation tax 176 -
Tax on profit 176 -

6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 1,979
DEPRECIATION
At 1 January 2023 1,405
Charge for year 389
At 31 December 2023 1,794
NET BOOK VALUE
At 31 December 2023 185
At 31 December 2022 574

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 56,323 47,199
Other debtors 1,864,536 1,130,744
1,920,859 1,177,943

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Amounts owed to associates 1,965,498 1,206,161
Taxation and social security 3,457 3,163
Other creditors 3,688 16,922
1,972,643 1,226,246

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
1,002 Ordinary £1 1,002 1,002

Carpenters Scotland Limited (Registered number: SC607743)

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

10. RELATED PARTY DISCLOSURES

Carpenters Limited

The company is contracted to provide legal services to the clients of Carpenters Limited. Carpenters Limited and Carpenters Scotland Limited have the same Ultimate Controlling Parties. During the period the following transactions occurred with Carpenters Limited:-
Purchases £5,104,941
Amount Owed To Related Party £1,965,498

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are Mr J Carpenter & Ms D Scully.