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Company Registration No. 10898079 (England and Wales)
Scott & McCracken Limited Unaudited accounts for the year ended 31 August 2024
Scott & McCracken Limited Unaudited accounts Contents
Page
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Scott & McCracken Limited Company Information for the year ended 31 August 2024
Directors
Julie Ann McCracken Danny Raymond Scott
Company Number
10898079 (England and Wales)
Registered Office
61 Bridge Street Kington HR5 3DJ United Kingdom
Accountants
Taylor Evans Accountancy 83 Ducie Street Manchester M1 2JQ
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Scott & McCracken Limited Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
152 
203 
Investment property
108,310 
99,800 
108,462 
100,003 
Current assets
Debtors
7,425 
8,981 
Cash at bank and in hand
704 
422 
8,129 
9,403 
Creditors: amounts falling due within one year
(69,551)
(68,927)
Net current liabilities
(61,422)
(59,524)
Total assets less current liabilities
47,040 
40,479 
Creditors: amounts falling due after more than one year
(54,001)
(54,000)
Net liabilities
(6,961)
(13,521)
Capital and reserves
Called up share capital
100 
100 
Revaluation reserve
4,317 
4,317 
Profit and loss account
(11,378)
(17,938)
Shareholders' funds
(6,961)
(13,521)
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 7 January 2025 and were signed on its behalf by
Julie Ann McCracken Director Company Registration No. 10898079
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Scott & McCracken Limited Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Scott & McCracken Limited is a private company, limited by shares, registered in England and Wales, registration number 10898079. The registered office is 61 Bridge Street, Kington, HR5 3DJ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Reducing Balance Method
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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Scott & McCracken Limited Notes to the Accounts for the year ended 31 August 2024
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 September 2023
1,144 
At 31 August 2024
1,144 
Depreciation
At 1 September 2023
941 
Charge for the year
51 
At 31 August 2024
992 
Net book value
At 31 August 2024
152 
At 31 August 2023
203 
5
Investment property
2024 
£ 
Fair value at 1 September 2023
99,800 
Net gain from fair value adjustments
8,510 
At 31 August 2024
108,310 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Deferred tax asset
7,188 
8,815 
Accrued income and prepayments
237 
166 
7,425 
8,981 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Loans from directors
69,551 
68,927 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
54,001 
54,000 
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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