IRIS Accounts Production v24.3.0.553 SC454848 director 1.4.23 31.3.24 31.3.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC4548482023-03-31SC4548482024-03-31SC4548482023-04-012024-03-31SC4548482022-03-31SC4548482022-04-012023-03-31SC4548482023-03-31SC454848ns15:Scotland2023-04-012024-03-31SC454848ns14:PoundSterling2023-04-012024-03-31SC454848ns10:Director12023-04-012024-03-31SC454848ns10:PrivateLimitedCompanyLtd2023-04-012024-03-31SC454848ns10:SmallEntities2023-04-012024-03-31SC454848ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-31SC454848ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-31SC454848ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-31SC454848ns10:FullAccounts2023-04-012024-03-31SC454848ns10:OrdinaryShareClass12023-04-012024-03-31SC454848ns10:Director22023-04-012024-03-31SC454848ns10:RegisteredOffice2023-04-012024-03-31SC454848ns5:CurrentFinancialInstruments2024-03-31SC454848ns5:CurrentFinancialInstruments2023-03-31SC454848ns5:Non-currentFinancialInstruments2024-03-31SC454848ns5:Non-currentFinancialInstruments2023-03-31SC454848ns5:ShareCapital2024-03-31SC454848ns5:ShareCapital2023-03-31SC454848ns5:RetainedEarningsAccumulatedLosses2024-03-31SC454848ns5:RetainedEarningsAccumulatedLosses2023-03-31SC454848ns5:PlantMachinery2023-04-012024-03-31SC454848ns5:MotorVehicles2023-04-012024-03-31SC454848ns5:LeaseholdImprovements2023-03-31SC454848ns5:PlantMachinery2023-03-31SC454848ns5:MotorVehicles2023-03-31SC454848ns5:LeaseholdImprovements2023-04-012024-03-31SC454848ns5:LeaseholdImprovements2024-03-31SC454848ns5:PlantMachinery2024-03-31SC454848ns5:MotorVehicles2024-03-31SC454848ns5:LeaseholdImprovements2023-03-31SC454848ns5:PlantMachinery2023-03-31SC454848ns5:MotorVehicles2023-03-31SC454848ns5:CostValuation2023-03-31SC454848ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-31SC454848ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-31SC454848ns5:Secured2024-03-31SC454848ns5:Secured2023-03-31SC454848ns10:OrdinaryShareClass12024-03-31
REGISTERED NUMBER: SC454848 (Scotland)















Financial Statements for the Year Ended 31 March 2024

for

North East Industrial Door Services
Limited

North East Industrial Door Services
Limited (Registered number: SC454848)






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


North East Industrial Door Services
Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr F Haggart





REGISTERED OFFICE: 2 Hospital Court
Hospital Road
Ellon
Aberdeenshire
AB41 9AW





REGISTERED NUMBER: SC454848 (Scotland)





ACCOUNTANTS: Tawse & Partners
Chartered Accountants
18 North Silver Street
Aberdeen
AB10 1JU

North East Industrial Door Services
Limited (Registered number: SC454848)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 593,962 406,411
Investments 6 50 50
594,012 406,461

CURRENT ASSETS
Stocks 200,279 103,811
Debtors 7 386,633 364,248
Cash at bank and in hand 188,337 102,013
775,249 570,072
CREDITORS
Amounts falling due within one year 8 449,947 358,126
NET CURRENT ASSETS 325,302 211,946
TOTAL ASSETS LESS CURRENT
LIABILITIES

919,314

618,407

CREDITORS
Amounts falling due after more than one
year

9

(176,949

)

(165,921

)

PROVISIONS FOR LIABILITIES (147,787 ) (91,830 )
NET ASSETS 594,578 360,656

CAPITAL AND RESERVES
Called up share capital 11 10 10
Retained earnings 594,568 360,646
SHAREHOLDERS' FUNDS 594,578 360,656

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.

North East Industrial Door Services
Limited (Registered number: SC454848)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 November 2024 and were signed by:





Mr F Haggart - Director


North East Industrial Door Services
Limited (Registered number: SC454848)

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

1. STATUTORY INFORMATION

North East Industrial Door Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Services and Repairs
Turnover represents the invoiced sales of industrial doors and provision of repair services, excluding value added tax.

Interest receivable
Interest income is recognised using the effective interest method.

Grant Receivable
Depending on the type of grant, the income is either recognised in the period it is received or in the same period as the costs it relates to.

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 - 15% on reducing balance and 5% on reducing balance
Motor vehicles - 25% 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 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.


North East Industrial Door Services
Limited (Registered number: SC454848)

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

3. ACCOUNTING POLICIES - continued
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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at
transaction price. Any losses arising from impairment are recognised in the profit and loss account in other
administrative expenses.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 9 ) .

North East Industrial Door Services
Limited (Registered number: SC454848)

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

5. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 April 2023 - 324,024 201,867 525,891
Additions 17,348 106,251 197,685 321,284
Disposals - - (70,408 ) (70,408 )
At 31 March 2024 17,348 430,275 329,144 776,767
DEPRECIATION
At 1 April 2023 - 71,130 48,350 119,480
Charge for year 166 31,878 53,067 85,111
Eliminated on disposal - - (21,786 ) (21,786 )
At 31 March 2024 166 103,008 79,631 182,805
NET BOOK VALUE
At 31 March 2024 17,182 327,267 249,513 593,962
At 31 March 2023 - 252,894 153,517 406,411

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023
and 31 March 2024 50
NET BOOK VALUE
At 31 March 2024 50
At 31 March 2023 50

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 356,152 339,080
Other debtors 30,481 25,168
386,633 364,248

North East Industrial Door Services
Limited (Registered number: SC454848)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 9,952 9,952
Hire purchase contracts 99,264 68,186
Trade creditors 244,552 180,772
Taxation and social security 47,062 32,463
Other creditors 49,117 66,753
449,947 358,126

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 12,483 22,435
Hire purchase contracts 164,466 143,486
176,949 165,921

10. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 22,435 32,387
Hire purchase contracts 263,730 211,672
286,165 244,059

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
10 Ordinary £1 10 10