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REGISTERED NUMBER: SC228534 (Scotland)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

R S Henderson Limited

R S Henderson Limited (Registered number: SC228534)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


R S Henderson Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: S D Henderson
T M Henderson





SECRETARY: T M Henderson





REGISTERED OFFICE: Cullivoe
Yell
Shetland
ZE2 9DD





REGISTERED NUMBER: SC228534 (Scotland)





ACCOUNTANTS: Bon Accord Accountancy Limited
2 North Ness Business Park
Lerwick
Shetland
ZE1 0LZ

R S Henderson Limited (Registered number: SC228534)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,688,663 3,470,442
Investments 5 6,200 9,200
3,694,863 3,479,642

CURRENT ASSETS
Stocks 83,806 69,339
Debtors 6 2,240,604 1,992,435
Cash at bank - 78,514
2,324,410 2,140,288
CREDITORS
Amounts falling due within one year 7 1,310,432 1,133,192
NET CURRENT ASSETS 1,013,978 1,007,096
TOTAL ASSETS LESS CURRENT LIABILITIES 4,708,841 4,486,738

CREDITORS
Amounts falling due after more than one year 8 (1,365,093 ) (1,094,962 )

PROVISIONS FOR LIABILITIES (459,650 ) (448,175 )
NET ASSETS 2,884,098 2,943,601

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 2,884,096 2,943,599
SHAREHOLDERS' FUNDS 2,884,098 2,943,601

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.

R S Henderson Limited (Registered number: SC228534)

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.

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 22 November 2024 and were signed on its behalf by:




S D Henderson - Director



T M Henderson - Director


R S Henderson Limited (Registered number: SC228534)

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

1. STATUTORY INFORMATION

R S Henderson 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.

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.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on cost
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.

R S Henderson Limited (Registered number: SC228534)

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2023 - 21 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 June 2023 1,144,594 5,329,734 14,061
Additions - 998,850 3,579
Disposals - (669,070 ) -
At 31 May 2024 1,144,594 5,659,514 17,640
DEPRECIATION
At 1 June 2023 - 3,036,553 11,310
Charge for year - 563,841 834
Eliminated on disposal - (349,113 ) -
At 31 May 2024 - 3,251,281 12,144
NET BOOK VALUE
At 31 May 2024 1,144,594 2,408,233 5,496
At 31 May 2023 1,144,594 2,293,181 2,751

R S Henderson Limited (Registered number: SC228534)

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

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 June 2023 38,293 21,622 6,548,304
Additions 117,789 3,379 1,123,597
Disposals - - (669,070 )
At 31 May 2024 156,082 25,001 7,002,831
DEPRECIATION
At 1 June 2023 11,827 18,172 3,077,862
Charge for year 18,671 2,073 585,419
Eliminated on disposal - - (349,113 )
At 31 May 2024 30,498 20,245 3,314,168
NET BOOK VALUE
At 31 May 2024 125,584 4,756 3,688,663
At 31 May 2023 26,466 3,450 3,470,442

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 June 2023 2,250,444 19,799 2,270,243
Additions 884,138 111,124 995,262
Disposals (321,197 ) - (321,197 )
Transfer to ownership (284,075 ) (19,799 ) (303,874 )
At 31 May 2024 2,529,310 111,124 2,640,434
DEPRECIATION
At 1 June 2023 613,537 10,286 623,823
Charge for year 404,853 11,221 416,074
Eliminated on disposal (96,072 ) - (96,072 )
Transfer to ownership (133,955 ) (10,286 ) (144,241 )
At 31 May 2024 788,363 11,221 799,584
NET BOOK VALUE
At 31 May 2024 1,740,947 99,903 1,840,850
At 31 May 2023 1,636,907 9,513 1,646,420

R S Henderson Limited (Registered number: SC228534)

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

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 June 2023 9,200
Reclassification/transfer (3,000 )
At 31 May 2024 6,200
NET BOOK VALUE
At 31 May 2024 6,200
At 31 May 2023 9,200

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 1,246,686 1,440,696
Other debtors 993,918 551,739
2,240,604 1,992,435

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 101,289 62,350
Hire purchase contracts 554,131 506,583
Trade creditors 549,183 427,382
Taxation and social security 39,404 7,878
Other creditors 66,425 128,999
1,310,432 1,133,192

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans 358,630 308,050
Hire purchase contracts 1,006,463 786,912
1,365,093 1,094,962

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 102,360 120,405