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REGISTERED NUMBER: SC252537 (Scotland)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 AUGUST 2024

FOR

RONALD A MORRISON SLATERS LTD

RONALD A MORRISON SLATERS LTD (REGISTERED NUMBER: SC252537)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 7

RONALD A MORRISON SLATERS LTD

COMPANY INFORMATION
for the Year Ended 30 August 2024







DIRECTOR: Mr R A Morrison





SECRETARY: Mrs L M Morrison





REGISTERED OFFICE: Bankhead Drive
City South Office Park
Portlethen
Aberdeen
AB12 4XX





REGISTERED NUMBER: SC252537 (Scotland)





ACCOUNTANTS: Acumen Accountants and Advisors Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeenshire
AB12 4XX

RONALD A MORRISON SLATERS LTD (REGISTERED NUMBER: SC252537)

BALANCE SHEET
30 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 76,992 49,210

CURRENT ASSETS
Stocks 5 45,770 35,998
Debtors 6 259,967 205,751
Cash at bank 56,459 89,940
362,196 331,689
CREDITORS
Amounts falling due within one year 7 163,587 198,029
NET CURRENT ASSETS 198,609 133,660
TOTAL ASSETS LESS CURRENT
LIABILITIES

275,601

182,870

CREDITORS
Amounts falling due after more than one year 8 (12,225 ) (18,938 )

PROVISIONS FOR LIABILITIES 10 (19,154 ) (12,302 )
NET ASSETS 244,222 151,630

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 244,220 151,628
244,222 151,630

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 August 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.

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 director and authorised for issue on 28 November 2024 and were signed by:





Mr R A Morrison - Director


RONALD A MORRISON SLATERS LTD (REGISTERED NUMBER: SC252537)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 August 2024

1. STATUTORY INFORMATION

Ronald A Morrison Slaters Ltd 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. 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 - 15% on reducing balance and Straight line over 5 years
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 20% on reducing balance and Straight line over 5 years
Computer equipment - 40% 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.

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.

RONALD A MORRISON SLATERS LTD (REGISTERED NUMBER: SC252537)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 August 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 31 August 2023 57,565 896 67,356 779 126,596
Additions 9,650 - 41,840 2,000 53,490
Disposals (2,925 ) - (9,917 ) - (12,842 )
At 30 August 2024 64,290 896 99,279 2,779 167,244
DEPRECIATION
At 31 August 2023 38,951 515 37,185 735 77,386
Charge for year 4,953 57 13,904 751 19,665
Eliminated on disposal (2,482 ) - (4,317 ) - (6,799 )
At 30 August 2024 41,422 572 46,772 1,486 90,252
NET BOOK VALUE
At 30 August 2024 22,868 324 52,507 1,293 76,992
At 30 August 2023 18,614 381 30,171 44 49,210

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 31 August 2023 19,495
Additions 19,840
At 30 August 2024 39,335
DEPRECIATION
At 31 August 2023 650
Charge for year 7,867
At 30 August 2024 8,517
NET BOOK VALUE
At 30 August 2024 30,818
At 30 August 2023 18,845

5. STOCKS
2024 2023
£    £   
Stocks 45,770 35,998

RONALD A MORRISON SLATERS LTD (REGISTERED NUMBER: SC252537)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 August 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 152,680 104,524
Other debtors 350 850
Prepayments and accrued income 106,937 100,377
259,967 205,751

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 9) 7,218 7,039
Hire purchase contracts 6,618 3,374
Trade creditors 23,675 23,002
Tax 43,316 40,432
Social security and other taxes 8,178 11,363
VAT 6,962 979
Other creditors 30,049 59,441
Directors' current accounts 35,356 51,563
Accrued expenses 2,215 836
163,587 198,029

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 9) 5,535 12,753
Hire purchase contracts 6,690 6,185
12,225 18,938

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 7,218 7,039

Amounts falling due between one and two years:
Bank loans - 1-2 years 5,535 7,218

Amounts falling due between two and five years:
Bank loans - 2-5 years - 5,535

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 19,154 12,302

RONALD A MORRISON SLATERS LTD (REGISTERED NUMBER: SC252537)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 August 2024

10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 31 August 2023 12,302
Provided during year 6,852
Movement in year
Balance at 30 August 2024 19,154

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 August 2024 and 30 August 2023:

2024 2023
£    £   
Mr R A Morrison
Balance outstanding at start of year (51,563 ) (49,364 )
Amounts advanced 16,519 8,583
Amounts repaid (312 ) (10,782 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (35,356 ) (51,563 )

The loan is interest free and no fixed terms for repayment.

12. RELATED PARTY DISCLOSURES

There is a loan balance due to an individual who has an interest in the company of £29,520 (2023:£56,355) contained within other creditors. This loan is interest free and has no fixed repayment terms.

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr R A Morrison.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
RONALD A MORRISON SLATERS LTD (REGISTERED NUMBER: SC252537)

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ronald A Morrison Slaters Ltd for the year ended 30 August 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Ronald A Morrison Slaters Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ronald A Morrison Slaters Ltd and state those matters that we have agreed to state to the director of Ronald A Morrison Slaters Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Ronald A Morrison Slaters Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Ronald A Morrison Slaters Ltd. You consider that Ronald A Morrison Slaters Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Ronald A Morrison Slaters Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Acumen Accountants and Advisors Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeenshire
AB12 4XX


29 November 2024