IRIS Accounts Production v24.2.0.383 SC240019 director 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC2400192023-03-31SC2400192024-03-31SC2400192023-04-012024-03-31SC2400192022-03-31SC2400192022-04-012023-03-31SC2400192023-03-31SC240019ns15:Scotland2023-04-012024-03-31SC240019ns14:PoundSterling2023-04-012024-03-31SC240019ns10:Director12023-04-012024-03-31SC240019ns10:PrivateLimitedCompanyLtd2023-04-012024-03-31SC240019ns10:SmallEntities2023-04-012024-03-31SC240019ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-31SC240019ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-31SC240019ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-31SC240019ns10:FullAccounts2023-04-012024-03-31SC240019ns10:CompanySecretary12023-04-012024-03-31SC240019ns10:RegisteredOffice2023-04-012024-03-31SC240019ns5:CurrentFinancialInstruments2024-03-31SC240019ns5:CurrentFinancialInstruments2023-03-31SC240019ns5:Non-currentFinancialInstruments2024-03-31SC240019ns5:Non-currentFinancialInstruments2023-03-31SC240019ns5:ShareCapital2024-03-31SC240019ns5:ShareCapital2023-03-31SC240019ns5:RetainedEarningsAccumulatedLosses2024-03-31SC240019ns5:RetainedEarningsAccumulatedLosses2023-03-31SC240019ns5:PlantMachinery2023-04-012024-03-31SC240019ns5:MotorVehicles2023-04-012024-03-31SC240019ns5:ComputerEquipment2023-04-012024-03-31SC240019ns5:PlantMachinery2023-03-31SC240019ns5:MotorVehicles2023-03-31SC240019ns5:ComputerEquipment2023-03-31SC240019ns5:PlantMachinery2024-03-31SC240019ns5:MotorVehicles2024-03-31SC240019ns5:ComputerEquipment2024-03-31SC240019ns5:PlantMachinery2023-03-31SC240019ns5:MotorVehicles2023-03-31SC240019ns5:ComputerEquipment2023-03-31SC240019ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-04-012024-03-31SC240019ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-04-012024-03-31SC240019ns5:LeasedAssetsHeldAsLessee2023-04-012024-03-31SC240019ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-03-31SC240019ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-03-31SC240019ns5:LeasedAssetsHeldAsLessee2024-03-31SC240019ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-31SC240019ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31SC240019ns5:CurrentFinancialInstruments2023-04-012024-03-31
REGISTERED NUMBER: SC240019 (Scotland)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

THISTLE ACCESS NDT LIMITED

THISTLE ACCESS NDT LIMITED (REGISTERED NUMBER: SC240019)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THISTLE ACCESS NDT LIMITED

COMPANY INFORMATION
For The Year Ended 31 March 2024







DIRECTOR: Robert Wilfred Skinner



SECRETARY: Ann Logan Skinner



REGISTERED OFFICE: Albyn House
Albyn Drive
Corpach
FORT WILLIAM
Inverness-shire
PH33 7LW



REGISTERED NUMBER: SC240019 (Scotland)



ACCOUNTANTS: R A Clement Associates
5 Argyll Square
OBAN
Argyll
PA34 4AZ



BANKERS: Bank of Scotland
600 Gorgie Road
Edinburgh
EH11 3XP

THISTLE ACCESS NDT LIMITED (REGISTERED NUMBER: SC240019)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 369,281 317,248

CURRENT ASSETS
Stocks 11,152 14,237
Debtors 5 222,497 132,224
Cash at bank 20,038 49,171
253,687 195,632
CREDITORS
Amounts falling due within one year 6 146,561 185,490
NET CURRENT ASSETS 107,126 10,142
TOTAL ASSETS LESS CURRENT
LIABILITIES

476,407

327,390

CREDITORS
Amounts falling due after more than one year 7 (69,653 ) (25,833 )

PROVISIONS FOR LIABILITIES (90,605 ) (67,017 )
NET ASSETS 316,149 234,540

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 316,147 234,538
SHAREHOLDERS' FUNDS 316,149 234,540

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

THISTLE ACCESS NDT LIMITED (REGISTERED NUMBER: SC240019)

BALANCE SHEET - continued
31 March 2024


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 director and authorised for issue on 14 October 2024 and were signed by:





Robert Wilfred Skinner - Director


THISTLE ACCESS NDT LIMITED (REGISTERED NUMBER: SC240019)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2024

1. STATUTORY INFORMATION

Thistle Access NDT 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.

The financial statements are presented in Sterling (£).

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 over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance and 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

THISTLE ACCESS NDT LIMITED (REGISTERED NUMBER: SC240019)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

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 profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 13 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 677,541 171,562 9,425 858,528
Additions 36,235 88,850 4,997 130,082
Disposals (3,700 ) - - (3,700 )
At 31 March 2024 710,076 260,412 14,422 984,910
DEPRECIATION
At 1 April 2023 392,162 142,752 6,366 541,280
Charge for year 45,092 29,415 1,611 76,118
Eliminated on disposal (1,769 ) - - (1,769 )
At 31 March 2024 435,485 172,167 7,977 615,629
NET BOOK VALUE
At 31 March 2024 274,591 88,245 6,445 369,281
At 31 March 2023 285,379 28,810 3,059 317,248

THISTLE ACCESS NDT LIMITED (REGISTERED NUMBER: SC240019)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
Additions 15,233 88,850 104,083
Transfer to ownership 78,673 - 78,673
At 31 March 2024 93,906 88,850 182,756
DEPRECIATION
Charge for year 10,811 24,622 35,433
Transfer to ownership 21,832 - 21,832
At 31 March 2024 32,643 24,622 57,265
NET BOOK VALUE
At 31 March 2024 61,263 64,228 125,491

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 209,440 119,435
Other debtors 13,057 12,789
222,497 132,224

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 20,506 -
Trade creditors 21,032 43,534
Taxation and social security 81,915 54,539
Other creditors 13,108 77,417
146,561 185,490

The director's loan is unsecured, interest free and has no set terms of repayment.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 15,833 25,833
Hire purchase contracts 53,820 -
69,653 25,833