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Registration number: SC719279

Arbortech Scotland Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 January 2024

 

Arbortech Scotland Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Arbortech Scotland Ltd

Company Information

Directors

Mr Stephen McKenna

Miss Samantha Baines

Registered office

92A Maxwellton Avenue
East Kilbride
G74 3DY

Accountants

Clyde Business Services Ltd
159 King Street
Glasgow
Lanarkshire
G73 1BZ

 

Arbortech Scotland Ltd

(Registration number: SC719279)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

24,847

31,058

Current assets

 

Cash at bank and in hand

 

1,694

1,204

Creditors: Amounts falling due within one year

5

(23,211)

(29,580)

Net current liabilities

 

(21,517)

(28,376)

Net assets

 

3,330

2,682

Capital and reserves

 

Called up share capital

6

2

2

Retained earnings

3,328

2,680

Shareholders' funds

 

3,330

2,682

For the financial year ending 31 January 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 7 August 2024 and signed on its behalf by:
 

.........................................
Mr Stephen McKenna
Director

.........................................
Miss Samantha Baines
Director

 

Arbortech Scotland Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
92A Maxwellton Avenue
East Kilbride
G74 3DY
Scotland

These financial statements were authorised for issue by the Board on 7 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Arbortech Scotland Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

plant & machinery

20% reducing balance

vans

20% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Arbortech Scotland Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

4

Tangible assets

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 February 2023

12,977

25,845

38,822

At 31 January 2024

12,977

25,845

38,822

Depreciation

At 1 February 2023

2,595

5,169

7,764

Charge for the year

2,076

4,135

6,211

At 31 January 2024

4,671

9,304

13,975

Carrying amount

At 31 January 2024

8,306

16,541

24,847

At 31 January 2023

10,382

20,676

31,058

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

540

540

Taxation and social security

920

365

Other creditors

21,751

28,675

23,211

29,580

6

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Share Capital of £1 each

2

2

2

2

         
 

Arbortech Scotland Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

7

Dividends

   

2024

 

2023

   

£

 

£

Interim dividend of £1,000.00 (2023 - £2,000.00) per ordinary share

 

2,000

 

4,000

         

8

Related party transactions

 

Arbortech Scotland Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Directors' remuneration

The directors' remuneration for the year was as follows:

2024
£

2023
£

Remuneration

6,000

-