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REGISTERED NUMBER: 06239821 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

SCOTT ANDERSON LTD

SCOTT ANDERSON LTD (REGISTERED NUMBER: 06239821)






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


SCOTT ANDERSON LTD

COMPANY INFORMATION
for the year ended 31 May 2024







DIRECTOR: Mrs C E L Anderson





SECRETARY: Mrs C E L Anderson





REGISTERED OFFICE: Brogdale Farm
Brogdale Road
Faversham
Kent
ME13 8XZ





REGISTERED NUMBER: 06239821 (England and Wales)





ACCOUNTANTS: Raffingers LLP
Chartered Certified Accountants
19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD

SCOTT ANDERSON LTD (REGISTERED NUMBER: 06239821)

ABRIDGED BALANCE SHEET
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 207,544 221,489

CURRENT ASSETS
Stocks 25,678 35,898
Debtors 120,769 99,993
Investments 243,106 172,618
Cash at bank and in hand 649,908 778,836
1,039,461 1,087,345
CREDITORS
Amounts falling due within one year 1,187,642 1,175,438
NET CURRENT LIABILITIES (148,181 ) (88,093 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

59,363

133,396

CREDITORS
Amounts falling due after more than one year - (76,215 )

PROVISIONS FOR LIABILITIES (10,777 ) (5,654 )
NET ASSETS 48,586 51,527

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 48,582 51,523
SHAREHOLDERS' FUNDS 48,586 51,527

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 director acknowledges her 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 ANDERSON LTD (REGISTERED NUMBER: 06239821)

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 director and authorised for issue on 21 November 2024 and were signed by:





Mrs C E L Anderson - Director


SCOTT ANDERSON LTD (REGISTERED NUMBER: 06239821)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 May 2024

1. STATUTORY INFORMATION

Scott Anderson Ltd is a private company, limited by shares , registered in England and Wales. 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. 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.

The accounts have been prepared on the going concern basis as the director is of the opinion that the company will meet its liabilities as and when due, due to the continued support of the director.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures, fittings and equipment - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

SCOTT ANDERSON LTD (REGISTERED NUMBER: 06239821)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 May 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Improvements to property
The directors are of the opinion that the improvements to property will appreciate in the future and therefore consider it inappropriate to depreciate in accordance with the requirements of FRS102 1A.

Listed Investment
Listed investments are initially recognised at fair value which is normally the transaction price. Subsequently, they are measured at fair value through profit and loss.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transactions costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 76 (2023 - 75 ) .

SCOTT ANDERSON LTD (REGISTERED NUMBER: 06239821)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2023 400,895
Additions 22,238
At 31 May 2024 423,133
DEPRECIATION
At 1 June 2023 179,406
Charge for year 36,183
At 31 May 2024 215,589
NET BOOK VALUE
At 31 May 2024 207,544
At 31 May 2023 221,489

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 June 2023
and 31 May 2024 57,961
DEPRECIATION
At 1 June 2023 37,756
Charge for year 5,051
At 31 May 2024 42,807
NET BOOK VALUE
At 31 May 2024 15,154
At 31 May 2023 20,205

SCOTT ANDERSON LTD (REGISTERED NUMBER: 06239821)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 May 2024

5. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 6,215 14,176

Hire purchase contracts are secured over the assets to which they relate.

6. RELATED PARTY DISCLOSURES

At previous balance sheet date company owed £945 to director Mrs C E L Anderson.