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REGISTERED NUMBER: SC083872 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

LANARK SAW SERVICES AND SUPPLIES LIMITED

LANARK SAW SERVICES AND SUPPLIES LIMITED (REGISTERED NUMBER: SC083872)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LANARK SAW SERVICES AND SUPPLIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: R B Nisbet
Mrs R A Nisbet





SECRETARY: R B Nisbet





REGISTERED OFFICE: Crossridge Farm
Carmichael
By Biggar
Lanarkshire
ML12 6NG





REGISTERED NUMBER: SC083872 (Scotland)





ACCOUNTANT: John Murphy & Company (Scotland) Limited
Chartered Accountants
Castle Chambers
67 Main Street
Bothwell
Lanarkshire
G71 8ER

LANARK SAW SERVICES AND SUPPLIES LIMITED (REGISTERED NUMBER: SC083872)

BALANCE SHEET
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,460 21,297

CURRENT ASSETS
Stocks 5 2,800 2,800
Debtors 6 6,478 1,268
Cash at bank 10,815 8,412
20,093 12,480
CREDITORS
Amounts falling due within one year 7 12,257 9,471
NET CURRENT ASSETS 7,836 3,009
TOTAL ASSETS LESS CURRENT
LIABILITIES

27,296

24,306

PROVISIONS FOR LIABILITIES 352 537
NET ASSETS 26,944 23,769

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 26,844 23,669
SHAREHOLDERS' FUNDS 26,944 23,769

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 6 January 2025 and were signed on its behalf by:





R B Nisbet - Director


LANARK SAW SERVICES AND SUPPLIES LIMITED (REGISTERED NUMBER: SC083872)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Lanark Saw Services and Supplies 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 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.

Buildings - 40 years
Plant and equipment - 4 to 10 years
Motor vehicles - 4 years
Fittings - 3 to 5 years

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

LANARK SAW SERVICES AND SUPPLIES LIMITED (REGISTERED NUMBER: SC083872)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Property Plant and and Motor
improvements machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 October 2023
and 30 September 2024 40,207 9,280 8,111 8,028 65,626
DEPRECIATION
At 1 October 2023 20,462 9,044 7,658 7,165 44,329
Charge for year 804 37 135 861 1,837
At 30 September 2024 21,266 9,081 7,793 8,026 46,166
NET BOOK VALUE
At 30 September 2024 18,941 199 318 2 19,460
At 30 September 2023 19,745 236 453 863 21,297

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 October 2023
and 30 September 2024 6,900
DEPRECIATION
At 1 October 2023 6,038
Charge for year 861
At 30 September 2024 6,899
NET BOOK VALUE
At 30 September 2024 1
At 30 September 2023 862

5. STOCKS
30.9.24 30.9.23
£    £   
Stock 2,800 2,800

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 4,833 243
VAT 1,645 1,025
6,478 1,268

LANARK SAW SERVICES AND SUPPLIES LIMITED (REGISTERED NUMBER: SC083872)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Hire purchase contracts 866 2,479
Trade creditors 7,190 2,952
Corporation tax 2,525 2,287
Directors' current accounts 528 594
Accrued charges 1,148 1,159
12,257 9,471

8. ULTIMATE CONTROLLING PARTY

The controlling party is R B Nisbet.