14 06/01/2023 31/03/2024 2024-03-31 false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2023-01-06 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP SC754473 2023-01-06 2024-03-31 SC754473 2024-03-31 SC754473 2023-01-05 SC754473 core:NetGoodwill 2023-01-06 2024-03-31 SC754473 bus:RegisteredOffice 2023-01-06 2024-03-31 SC754473 bus:LeadAgentIfApplicable 2023-01-06 2024-03-31 SC754473 bus:Director1 2023-01-06 2024-03-31 SC754473 bus:Director2 2023-01-06 2024-03-31 SC754473 core:ShareCapital 2023-01-06 2024-03-31 SC754473 core:RetainedEarningsAccumulatedLosses 2023-01-06 2024-03-31 SC754473 core:WithinOneYear 2024-03-31 SC754473 core:AfterOneYear 2024-03-31 SC754473 core:ShareCapital 2024-03-31 SC754473 core:RetainedEarningsAccumulatedLosses 2024-03-31 SC754473 core:PreviouslyStatedAmount core:ShareCapital 2024-03-31 SC754473 bus:SmallEntities 2023-01-06 2024-03-31 SC754473 bus:AuditExemptWithAccountantsReport 2023-01-06 2024-03-31 SC754473 bus:SmallCompaniesRegimeForAccounts 2023-01-06 2024-03-31 SC754473 bus:PrivateLimitedCompanyLtd 2023-01-06 2024-03-31 SC754473 bus:AbridgedAccounts 2023-01-06 2024-03-31
Company registration number: SC754473
Strathearn Pest Control Limited
Unaudited filleted abridged financial statements
31 March 2024
Strathearn Pest Control Limited
Contents
Directors and other information
Accountants report
Abridged statement of financial position
Statement of changes in equity
Notes to the financial statements
Strathearn Pest Control Limited
Directors and other information
Directors Robert Wilkie
Laura Wilkie
Company number SC754473
Registered office Strathearn House
Muthill Road
Crieff
PH7 4HQ
Accountants Paterson Boyd & Co
Chartered Certified Accountants
18 North Street
Glenrothes
Fife
KY7 5NA
Bankers Royal Bank of Scotland
8 The Square
Aberfeldy
PH15 2DD
Strathearn Pest Control Limited
Report to the board of directors on the preparation of the
unaudited statutory financial statements of Strathearn Pest Control Limited
Period ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Strathearn Pest Control Limited for the period ended 31 March 2024 which comprise the abridged statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of ICAS , we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.
This report is made solely to the board of directors of Strathearn Pest Control Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Strathearn Pest Control Limited and state those matters that we have agreed to state to the board of directors of Strathearn Pest Control Limited as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Strathearn Pest Control Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Strathearn Pest Control Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Strathearn Pest Control Limited. You consider that Strathearn Pest Control Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the financial statements of Strathearn Pest Control Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Paterson Boyd & Co
Chartered Certified Accountants
18 North Street
Glenrothes
Fife
KY7 5NA
3 October 2024
Strathearn Pest Control Limited
Abridged statement of financial position
31 March 2024
31/03/24
Note £ £
Fixed assets
Intangible assets 5 25,954
Tangible assets 6 481,808
_______
507,762
Current assets
Stocks 5,950
Debtors 123,032
Cash at bank and in hand 296,550
_______
425,532
Creditors: amounts falling due
within one year ( 569,405)
_______
Net current liabilities ( 143,873)
_______
Total assets less current liabilities 363,889
Creditors: amounts falling due
after more than one year ( 15,833)
Provisions for liabilities ( 20,700)
_______
Net assets 327,356
_______
Capital and reserves
Called up share capital 10
Profit and loss account 327,346
_______
Shareholders funds 327,356
_______
For the period ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.
All of the members have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the current period ending 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.
These financial statements were approved by the board of directors and authorised for issue on 03 October 2024 , and are signed on behalf of the board by:
Robert Wilkie
Director
Company registration number: SC754473
Strathearn Pest Control Limited
Statement of changes in equity
Period ended 31 March 2024
Called up share capital Profit and loss account Total
£ £ £
At 6 January 2023 - - -
Profit for the period 328,346 328,346
_______ _______ _______
Total comprehensive income for the period - 328,346 328,346
Issue of shares 10 10
Dividends paid and payable ( 1,000) ( 1,000)
_______ _______ _______
Total investments by and distributions to owners 10 ( 1,000) ( 990)
_______ _______ _______
At 31 March 2024 10 327,346 327,356
_______ _______ _______
Strathearn Pest Control Limited
Notes to the financial statements
Period ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is Strathearn House, Muthill Road, Crieff, PH7 4HQ.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and is subsequently stated at cost less any accumulated depreciation and any accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at the carrying value plus accrued interest less repayments. The financing charge to expenditure is at a constant rate calculated using the effective interest method.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 14
5. Intangible assets
£
Cost
At 6 January 2023 -
Additions 32,443
_______
At 31 March 2024 32,443
_______
Amortisation
At 6 January 2023 -
Charge for the period 6,489
_______
At 31 March 2024 6,489
_______
Carrying amount
At 31 March 2024 25,954
_______
In respect of intangible assets other than goodwill, the aggregate cost, amortisation and the comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:
£
At 31 March 2024
Aggregate cost 32,443
Aggregate amortisation (6,489)
_______
Carrying amount 25,954
_______
6. Tangible assets
£
Cost
At 6 January 2023 -
Additions 509,835
_______
At 31 March 2024 509,835
_______
Depreciation
At 6 January 2023 -
Charge for the year 28,027
_______
At 31 March 2024 28,027
_______
Carrying amount
At 31 March 2024 481,808
_______