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REGISTERED NUMBER: SC446319 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Simply Light & Sound (Scotland) Limited

Simply Light & Sound (Scotland) Limited (Registered number: SC446319)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountant 6

Simply Light & Sound (Scotland) Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr S A Bain
Mr G J Ferguson
Mr J F Bain



SECRETARY: Mr C E Kelly CPA



REGISTERED OFFICE: Unit 4 Station Road
Station Crescent
Renfrew
Renfrewshire
PA4 8RL



REGISTERED NUMBER: SC446319 (Scotland)



ACCOUNTANT: Braehead Accountants & Taxation Services Ltd
Unit 4
Station Road Ind Estate
Station Crescent
Renfrew
Renfrewshire
PA4 8RA



BANKERS: Royal Bank of Scotland
1 Moncrieff Street
Paisley
Renfrewshire
PA3 2AW

Simply Light & Sound (Scotland) Limited (Registered number: SC446319)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 537,515 92,879

CURRENT ASSETS
Debtors 4 57,500 50,637
Cash at bank 13,201 19,785
70,701 70,422
CREDITORS
Amounts falling due within one year 5 156,794 69,267
NET CURRENT (LIABILITIES)/ASSETS (86,093 ) 1,155
TOTAL ASSETS LESS CURRENT
LIABILITIES

451,422

94,034

CREDITORS
Amounts falling due after more than one
year

6

130,528

33,000
NET ASSETS 320,894 61,034

CAPITAL AND RESERVES
Called up share capital 7 25,000 25,000
Retained earnings 8 295,894 36,034
SHAREHOLDERS' FUNDS 320,894 61,034

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 2 December 2024 and were signed on its behalf by:





Mr S A Bain - Director


Simply Light & Sound (Scotland) Limited (Registered number: SC446319)

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

1. 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.
Plant and Machinery - 25% on reducing balance
Office Equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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.

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.

2. EMPLOYEES AND DIRECTORS

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

Simply Light & Sound (Scotland) Limited (Registered number: SC446319)

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

3. TANGIBLE FIXED ASSETS
Plant and Office Motor
Machinery Equipment vehicles Totals
£    £    £    £   
COST
At 1 April 2023 291,852 4,216 43,710 339,778
Additions 551,921 - 36,086 588,007
At 31 March 2024 843,773 4,216 79,796 927,785
DEPRECIATION
At 1 April 2023 212,945 2,815 31,139 246,899
Charge for year 130,856 351 12,164 143,371
At 31 March 2024 343,801 3,166 43,303 390,270
NET BOOK VALUE
At 31 March 2024 499,972 1,050 36,493 537,515
At 31 March 2023 78,907 1,401 12,571 92,879

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 57,500 50,637

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 89,311 21,077
Tax 4,303 4,303
Social security and other taxes 13,409 10,740
VAT 39,720 28,856
Directors' current accounts 8,456 2,761
Accrued expenses 1,595 1,530
156,794 69,267

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank Loan 24,142 33,000
Funding circle loan 106,386 -
130,528 33,000

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
25,000 Ordinary £1 25,000 25,000

Simply Light & Sound (Scotland) Limited (Registered number: SC446319)

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

8. RESERVES
Retained
earnings
£   

At 1 April 2023 36,034
Profit for the year 279,860
Dividends (20,000 )
At 31 March 2024 295,894

Simply Light & Sound (Scotland) Limited

Report of the Accountant to the Directors of
Simply Light & Sound (Scotland) Limited

The following reproduces the text of the report prepared for the directors 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 Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to me.






Braehead Accountants & Taxation Services Ltd
Unit 4
Station Road Ind Estate
Station Crescent
Renfrew
Renfrewshire
PA4 8RA


Date: .............................................