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REGISTERED NUMBER: SC469639 (Scotland)















Unaudited Financial Statements

for the Year Ended 28 February 2024

for

ALL TRADES SCOTLAND LIMITED

ALL TRADES SCOTLAND LIMITED (REGISTERED NUMBER: SC469639)






Contents of the Financial Statements
for the Year Ended 28 February 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


ALL TRADES SCOTLAND LIMITED

Company Information
for the Year Ended 28 February 2024







DIRECTOR: S K Taylor





REGISTERED OFFICE: Bellslaw House
Newton Village
Dalkeith
EH22 1SD





REGISTERED NUMBER: SC469639 (Scotland)





ACCOUNTANTS: Profit Counts Limited
13 Glasgow Road
Paisley
Renfrewshire
PA1 3QS

ALL TRADES SCOTLAND LIMITED (REGISTERED NUMBER: SC469639)

Abridged Balance Sheet
28 February 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 4,004 3,665
Investments 5 100,000 -
104,004 3,665

CURRENT ASSETS
Stocks 2,340 2,600
Debtors 747 615
Cash at bank 72,848 206,341
75,935 209,556
CREDITORS
Amounts falling due within one year (13,605 ) (34,505 )
NET CURRENT ASSETS 62,330 175,051
TOTAL ASSETS LESS CURRENT
LIABILITIES

166,334

178,716

PROVISIONS FOR LIABILITIES 6 (760 ) (696 )
NET ASSETS 165,574 178,020

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 8 165,573 178,019
SHAREHOLDERS' FUNDS 165,574 178,020

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

ALL TRADES SCOTLAND LIMITED (REGISTERED NUMBER: SC469639)

Abridged Balance Sheet - continued
28 February 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 Balance Sheet for the year ended 28 February 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 28 November 2024 and were signed by:





S K Taylor - Director


ALL TRADES SCOTLAND LIMITED (REGISTERED NUMBER: SC469639)

Notes to the Financial Statements
for the Year Ended 28 February 2024

1. STATUTORY INFORMATION

All Trades Scotland 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 stated net of VAT and trade discounts. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where the contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total contract value. Where payments are received from customers in advance of services provided, the amounts are recorded as Deferred Income and included as part of Creditors due within one year.

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 - 15% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on cost

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
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 3 (2023 - 3 ) .

ALL TRADES SCOTLAND LIMITED (REGISTERED NUMBER: SC469639)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2023 42,825
Additions 1,457
At 28 February 2024 44,282
DEPRECIATION
At 1 March 2023 39,160
Charge for year 1,118
At 28 February 2024 40,278
NET BOOK VALUE
At 28 February 2024 4,004
At 28 February 2023 3,665

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
Additions 100,000
At 28 February 2024 100,000
NET BOOK VALUE
At 28 February 2024 100,000

Market value of listed investments at 28 February 2024 - £ 100,000 .

6. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 760 696

Deferred
tax
£   
Balance at 1 March 2023 696
Provided during year 64
Accelerated Capital Allowances
Balance at 28 February 2024 760

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

ALL TRADES SCOTLAND LIMITED (REGISTERED NUMBER: SC469639)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2024

8. RESERVES
Retained
earnings
£   

At 1 March 2023 178,019
Profit for the year 37,554
Dividends (50,000 )
At 28 February 2024 165,573

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the year end the company owed the Director £1,382 (2023: £1,970)