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REGISTERED NUMBER: SC689360 (Scotland)















Unaudited Financial Statements for the Year Ended 28 February 2024

for

Plumb Squad (Scotland) Ltd

Plumb Squad (Scotland) Ltd (Registered number: SC689360)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Plumb Squad (Scotland) Ltd

Company Information
for the Year Ended 28 February 2024







DIRECTOR: S J McMillan





REGISTERED OFFICE: 91 Mount Cameron Drive North
East Kilbride
Glasgow
G74 2ER





REGISTERED NUMBER: SC689360 (Scotland)





ACCOUNTANTS: McGregor Accountancy (Scotland) Ltd
8 Tom McCabe Gardens
Hamilton
ML3 6LW

Plumb Squad (Scotland) Ltd (Registered number: SC689360)

Balance Sheet
28 February 2024

28.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,455 4,640

CURRENT ASSETS
Debtors 5 508 1,219
Cash at bank 37,124 55,718
37,632 56,937
CREDITORS
Amounts falling due within one year 6 16,154 27,967
NET CURRENT ASSETS 21,478 28,970
TOTAL ASSETS LESS CURRENT
LIABILITIES

37,933

33,610

CREDITORS
Amounts falling due after more than
one year

7

(7,630

)

-

PROVISIONS FOR LIABILITIES 8 (3,126 ) (882 )
NET ASSETS 27,177 32,728

Plumb Squad (Scotland) Ltd (Registered number: SC689360)

Balance Sheet - continued
28 February 2024

28.2.24 28.2.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 27,077 32,628
SHAREHOLDERS' FUNDS 27,177 32,728

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.

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 10 October 2024 and were signed by:





S J McMillan - Director


Plumb Squad (Scotland) Ltd (Registered number: SC689360)

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

1. STATUTORY INFORMATION

Plumb Squad (Scotland) 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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

Plumb Squad (Scotland) Ltd (Registered number: SC689360)

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

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 March 2023 1,000 6,000 889 7,889
Additions 940 16,421 154 17,515
At 28 February 2024 1,940 22,421 1,043 25,404
DEPRECIATION
At 1 March 2023 422 2,531 296 3,249
Charge for year 379 4,973 348 5,700
At 28 February 2024 801 7,504 644 8,949
NET BOOK VALUE
At 28 February 2024 1,139 14,917 399 16,455
At 28 February 2023 578 3,469 593 4,640

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.24 28.2.23
£    £   
Other debtors 508 1,219

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.24 28.2.23
£    £   
Hire purchase contracts 1,948 -
Taxation and social security 765 10,289
Other creditors 13,441 17,678
16,154 27,967

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
28.2.24 28.2.23
£    £   
Hire purchase contracts 7,630 -

Plumb Squad (Scotland) Ltd (Registered number: SC689360)

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

8. PROVISIONS FOR LIABILITIES
28.2.24 28.2.23
£    £   
Deferred tax 3,126 882

Deferred
tax
£   
Balance at 1 March 2023 882
Provided during year 2,244
Balance at 28 February 2024 3,126

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.24 28.2.23
value: £    £   
100 Ordinary £1 100 100