J E SCOTT & SONS (NI) LIMITED |
Registered Number:NI046115 |
For the year ended 30 April 2024
Northern Ireland
Unaudited Financial Statements
For the year ended 30 April 2024
J E SCOTT & SONS (NI) LIMITED
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
J E SCOTT & SONS (NI) LIMITED
Statement of Financial Position
2023
2024
Property, plant and equipment |
725,342
467,370
2
725,342
467,370
337,300
112,337
3
Trade and other receivables |
37,574
34,614
4
5,727
Cash and cash equivalents |
75,652
222,603
380,601
Trade and other payables: amounts falling due within one |
year |
(289,296)
(254,427)
5
91,305
(31,824)
Net current liabilities
Total assets less current liabilities |
693,518
558,675
Trade and other payables: amounts falling due after more |
than one year |
(83,536)
(100,198)
6
(111,780)
(88,800)
Provisions for liabilities |
481,540
Net assets
386,339
102
102
481,438
386,237
481,540
386,339
Shareholders' funds
For the year ended 30 April 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 of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 22 January 2025 and were signed by: |
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For the year ended 30 April 2024
J E SCOTT & SONS (NI) LIMITED
Statement of Financial Position Continued
The notes form part of these financial statements |
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For the year ended 30 April 2024
J E SCOTT & SONS (NI) LIMITED
Notes to the Financial Statements
Statutory Information
J E SCOTT & SONS (NI) LIMITED is a private limited company, limited by shares, domiciled in Northern Ireland, |
registration number NI046115. |
27 Kennedies Road
Tynan
Armagh
BT60 4RQ
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes. |
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Land and Buildings
Plant and Machinery
Computer Equipment
Motor Vehicles
Furniture and Fittings
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred. |
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable. |
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For the year ended 30 April 2024
J E SCOTT & SONS (NI) LIMITED
Notes to the Financial Statements Continued
2. Property, plant and equipment |
1,040,403
882
7,400
23,350
1,003,860
4,911
424,906
1,250
-
8,000
415,656
-
-
-
(18,000)
(103,580)
-
(121,580)
4,911
13,350
7,400
2,132
1,343,729
1,315,936
Provision for depreciation and impairment |
573,033
870
5,962
20,208
542,352
3,641
Charge for year
81,943
316
288
1,624
79,519
196
(36,589)
-
-
(14,980)
(21,609)
-
618,387
1,186
6,250
6,852
600,262
3,837
1,074
715,674
6,498
1,150
946
725,342
1,270
461,508
3,142
1,438
12
467,370
2023
2024
112,337
337,300
4. Trade and other receivables |
2023
2024
22,030
37,574
12,584
-
37,574
34,614
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For the year ended 30 April 2024
J E SCOTT & SONS (NI) LIMITED
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year |
2023
2024
90,241
112,948
7,010
75,383
Taxation and social security |
5,891
38,297
151,285
62,668
254,427
289,296
6. Trade and other payables: amounts falling due after more than one year |
2023
2024
Bank loans and overdraft (secured) |
29,118
34,804
71,080
48,732
100,198
83,536
7. Average number of persons employed |
During the year the average number of employees was 5 (2023 : 4)
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