Company Registration No. SC548695 (Scotland)
Scott Cunningham Joinery Ltd
Unaudited accounts
for the year ended 29 February 2024
Scott Cunningham Joinery Ltd
Unaudited accounts
Contents
Scott Cunningham Joinery Ltd
Company Information
for the year ended 29 February 2024
Company Number
SC548695 (Scotland)
Registered Office
6 Bankton Terrace
Prestonpans
East Lothian
EH32 9EX
Accountants
GF Accountancy Services Ltd
4 Rowanhill Way
Port Seton
East Lothian
EH32 0SZ
Scott Cunningham Joinery Ltd
Statement of financial position
as at 29 February 2024
Tangible assets
27,282
624
Cash at bank and in hand
6,981
4,694
Creditors: amounts falling due within one year
(9,515)
(9,283)
Net current (liabilities)/assets
(662)
1,438
Total assets less current liabilities
26,620
2,062
Creditors: amounts falling due after more than one year
(25,087)
-
Called up share capital
100
100
Profit and loss account
1,433
1,962
Shareholders' funds
1,533
2,062
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 4 November 2024 and were signed on its behalf by
Scott Cunningham
Director
Company Registration No. SC548695
Scott Cunningham Joinery Ltd
Notes to the Accounts
for the year ended 29 February 2024
Scott Cunningham Joinery Ltd is a private company, limited by shares, registered in Scotland, registration number SC548695. The registered office is 6 Bankton Terrace, Prestonpans, East Lothian, EH32 9EX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% straight line
Motor vehicles
20% straight line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Scott Cunningham Joinery Ltd
Notes to the Accounts
for the year ended 29 February 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 March 2023
5,390
8,000
13,390
Disposals
-
(8,000)
(8,000)
At 29 February 2024
5,390
33,662
39,052
At 1 March 2023
4,766
8,000
12,766
Charge for the year
270
6,734
7,004
On disposals
-
(8,000)
(8,000)
At 29 February 2024
5,036
6,734
11,770
At 29 February 2024
354
26,928
27,282
At 28 February 2023
624
-
624
Amounts falling due within one year
Accrued income and prepayments
696
111
6
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
5,592
-
Taxes and social security
289
6,734
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
25,087
-
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).