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REGISTERED NUMBER: SC495520 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Scott Forbes Joinery Ltd

Scott Forbes Joinery Ltd (Registered number: SC495520)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Scott Forbes Joinery Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Mr S Forbes
Ms W M Mcintosh





REGISTERED OFFICE: 7 Station Road
Mintlaw
Peterhead
Aberdeenshire
AB42 5EE





REGISTERED NUMBER: SC495520 (Scotland)





ACCOUNTANTS: SBP
Accountants
Glebefield House
21 Links Terrace
Peterhead
Aberdeenshire
AB42 2XA

Scott Forbes Joinery Ltd (Registered number: SC495520)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,464 26,987

CURRENT ASSETS
Debtors 5 30,420 22,125
Cash at bank 47,804 28,301
78,224 50,426
CREDITORS
Amounts falling due within one year 6 50,204 38,848
NET CURRENT ASSETS 28,020 11,578
TOTAL ASSETS LESS CURRENT
LIABILITIES

48,484

38,565

CREDITORS
Amounts falling due after more than one
year

7

(17,580

)

(25,236

)

PROVISIONS FOR LIABILITIES (4,381 ) (5,398 )
NET ASSETS 26,523 7,931

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 26,423 7,831
SHAREHOLDERS' FUNDS 26,523 7,931

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

Scott Forbes Joinery Ltd (Registered number: SC495520)

Balance Sheet - continued
31 January 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 October 2024 and were signed on its behalf by:





Mr S Forbes - Director


Scott Forbes Joinery Ltd (Registered number: SC495520)

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

1. STATUTORY INFORMATION

Scott Forbes Joinery Ltd 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 represents the amounts (excluding value added tax) derived from the provision of services to customers. Revenue is recognised at the point services are provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Tangible fixed assets are included at cost less depreciation and impairment. The residual value is reassessed at the end of each accounting period.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
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.

Scott Forbes Joinery Ltd (Registered number: SC495520)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 February 2023 5,465 45,850 51,315
Additions 162 - 162
At 31 January 2024 5,627 45,850 51,477
DEPRECIATION
At 1 February 2023 3,577 20,751 24,328
Charge for year 410 6,275 6,685
At 31 January 2024 3,987 27,026 31,013
NET BOOK VALUE
At 31 January 2024 1,640 18,824 20,464
At 31 January 2023 1,888 25,099 26,987

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 5,040 -
Other debtors 25,380 22,125
30,420 22,125

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 3,000 3,000
Taxation and social security 15,486 11,202
Other creditors 31,718 24,646
50,204 38,848

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans 4,000 7,000
Other creditors 13,580 18,236
17,580 25,236