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REGISTERED NUMBER: SC472864 (Scotland)















Coutts Joinery Ltd

Financial Statements For The Period 1 May 2023 to 31 May 2024






Coutts Joinery Ltd (Registered number: SC472864)






Contents of the Financial Statements
For The Period 1 May 2023 to 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Coutts Joinery Ltd

Company Information
For The Period 1 May 2023 to 31 May 2024







DIRECTOR: Mr R Coutts



REGISTERED OFFICE: 4 North Guildry Street
Elgin
Moray
IV30 1JR



REGISTERED NUMBER: SC472864 (Scotland)



ACCOUNTANTS: The Long Partnership
4 North Guildry Street
Elgin
Moray
IV30 1JR



BANKERS: Bank of Scotland
600 Gorgie Road
Edinburgh
EH11 3XP

Coutts Joinery Ltd (Registered number: SC472864)

Balance Sheet
31 May 2024

31.5.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 3,724

CURRENT ASSETS
Stocks - 200
Debtors 5 1,216 13,815
Cash at bank 26,764 5,156
27,980 19,171
CREDITORS
Amounts falling due within one year 6 27,938 24,682
NET CURRENT ASSETS/(LIABILITIES) 42 (5,511 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

42

(1,787

)

CREDITORS
Amounts falling due after more than one
year

7

-

(2,242

)

PROVISIONS FOR LIABILITIES 8 - (708 )
NET ASSETS/(LIABILITIES) 42 (4,737 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 (58 ) (4,837 )
SHAREHOLDERS' FUNDS 42 (4,737 )

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

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

Coutts Joinery Ltd (Registered number: SC472864)

Balance Sheet - continued
31 May 2024


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 16 January 2025 and were signed by:





Mr R Coutts - Director


Coutts Joinery Ltd (Registered number: SC472864)

Notes to the Financial Statements
For The Period 1 May 2023 to 31 May 2024

1. STATUTORY INFORMATION

Coutts Joinery 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.
Equipment - 33% on cost and 25% on reducing balance

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 period 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 period 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 period was 2 (2023 - 2 ) .

Coutts Joinery Ltd (Registered number: SC472864)

Notes to the Financial Statements - continued
For The Period 1 May 2023 to 31 May 2024

4. TANGIBLE FIXED ASSETS
Motor Computer
Equipment vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2023 11,370 13,495 416 25,281
Disposals (11,370 ) (13,495 ) (416 ) (25,281 )
At 31 May 2024 - - - -
DEPRECIATION
At 1 May 2023 9,161 12,144 252 21,557
Charge for period 786 360 148 1,294
Eliminated on disposal (9,947 ) (12,504 ) (400 ) (22,851 )
At 31 May 2024 - - - -
NET BOOK VALUE
At 31 May 2024 - - - -
At 30 April 2023 2,209 1,351 164 3,724

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 30.4.23
£    £   
Trade debtors 1,216 13,580
Other debtors - 235
1,216 13,815

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 30.4.23
£    £   
Trade creditors 2,290 5,520
Taxation and social security 6,784 2,077
Other creditors 18,864 17,085
27,938 24,682

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 30.4.23
£    £   
Other creditors - 2,242

8. PROVISIONS FOR LIABILITIES
31.5.24 30.4.23
£    £   
Deferred tax
Accelerated capital allowances 708 708
Deferred tax (708 ) -
- 708

Coutts Joinery Ltd (Registered number: SC472864)

Notes to the Financial Statements - continued
For The Period 1 May 2023 to 31 May 2024

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 May 2023 708
Provided during period (708 )
Balance at 31 May 2024 -

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 30.4.23
value: £    £   
80 Ordinary 1 80 80
20 A Ordinary 1 20 20
100 100

10. RESERVES
Retained
earnings
£   

At 1 May 2023 (4,837 )
Profit for the period 17,279
Dividends (12,500 )
At 31 May 2024 (58 )

11. RELATED PARTY DISCLOSURES

During the period, total dividends of £12,500 were paid to the director .

At 1 May 2023 the company owed the director £14,565. During the year the director met expenses totalling £2,298 on behalf of the company. At 31 May 2024 the company owed the director £16,863. This loan is interest free and has no fixed terms of repayment.