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REGISTERED NUMBER: SC631920 (Scotland)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Little Staggies Elc Limited

Little Staggies Elc Limited (Registered number: SC631920)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Little Staggies Elc Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: J Hope
Ms S Stewart





REGISTERED OFFICE: 39 Logan Way
Muir of Ord
Inverness-shire
IV6 7QJ





REGISTERED NUMBER: SC631920 (Scotland)





ACCOUNTANTS: Mackay & Co CA
3 Fodderty Way
Dingwall
Ross-shire
IV15 9XB

Little Staggies Elc Limited (Registered number: SC631920)

Abridged Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 48,000 56,000
Tangible assets 5 8,660 6,121
56,660 62,121

CURRENT ASSETS
Debtors 500 142
Cash at bank 41,961 52,100
42,461 52,242
CREDITORS
Amounts falling due within one year 50,281 53,088
NET CURRENT LIABILITIES (7,820 ) (846 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

48,840

61,275

CREDITORS
Amounts falling due after more than
one year

(7,395

)

(18,141

)

PROVISIONS FOR LIABILITIES (1,645 ) (249 )
NET ASSETS 39,800 42,885

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 39,700 42,785
39,800 42,885

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

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

Little Staggies Elc Limited (Registered number: SC631920)

Abridged Balance Sheet - continued
31 May 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 May 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 October 2024 and were signed on its behalf by:





Ms S Stewart - Director


Little Staggies Elc Limited (Registered number: SC631920)

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

1. STATUTORY INFORMATION

Little Staggies Elc 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc - 25% on reducing balance

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.


Little Staggies Elc Limited (Registered number: SC631920)

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

2. 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.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2023
and 31 May 2024 80,000
AMORTISATION
At 1 June 2023 24,000
Amortisation for year 8,000
At 31 May 2024 32,000
NET BOOK VALUE

At 31 May 2024 48,000
At 31 May 2023 56,000

Little Staggies Elc Limited (Registered number: SC631920)

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

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2023 7,884
Additions 4,111
At 31 May 2024 11,995
DEPRECIATION
At 1 June 2023 1,763
Charge for year 1,572
At 31 May 2024 3,335
NET BOOK VALUE
At 31 May 2024 8,660
At 31 May 2023 6,121