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REGISTERED NUMBER: SC246244 (Scotland)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Factotum (Scotland) Limited

Factotum (Scotland) Limited (Registered number: SC246244)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Factotum (Scotland) Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: S E Boisseau
H J L Boisseau
C D Boisseau
A G B Boisseau





REGISTERED OFFICE: 63 Dublin Street
Edinburgh
EH3 6NS





REGISTERED NUMBER: SC246244 (Scotland)





ACCOUNTANTS: One Accounting Ltd
Chartered Management Accountants
Drumsheugh Toll
2 Belford Road
Edinburgh
Midlothian
EH4 3BL

Factotum (Scotland) Limited (Registered number: SC246244)

Statement of Financial Position
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 43,877 46,684

CURRENT ASSETS
Debtors 5 91,903 108,516
Cash at bank and in hand 6 377,019 288,256
468,922 396,772
CREDITORS
Amounts falling due within one year 7 236,916 169,554
NET CURRENT ASSETS 232,006 227,218
TOTAL ASSETS LESS CURRENT
LIABILITIES

275,883

273,902

PROVISIONS FOR LIABILITIES 6,737 7,439
NET ASSETS 269,146 266,463

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 269,046 266,363
269,146 266,463

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

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 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 30 January 2025 and were signed on its behalf by:





C D Boisseau - Director


Factotum (Scotland) Limited (Registered number: SC246244)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Factotum (Scotland) 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
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;
- it is probable that the company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.

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 - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipments - 20% on reducing balance

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial
assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties.

Debt instruments, including loans and other accounts receivable and payable are initially measured at transaction price adjusted for transaction costs. They are subsequently recognised at amortised costs using the effective interest method.

Creditors payable within one year, typically trade payables, are measured initially and subsequently at the undiscounted amount of the cash or other consideration expected to be paid.

Debtors payable within one year, typically trade receivables, are measured initially and subsequently at the undiscounted amount of the cash or other consideration expected to be received.

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 statement of financial position date.


Factotum (Scotland) Limited (Registered number: SC246244)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued
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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipments Totals
£    £    £    £   
COST
At 1 May 2023 104,713 68,158 31,713 204,584
Additions 3,853 - - 3,853
At 30 April 2024 108,566 68,158 31,713 208,437
DEPRECIATION
At 1 May 2023 80,649 61,687 15,564 157,900
Charge for year 2,782 648 3,230 6,660
At 30 April 2024 83,431 62,335 18,794 164,560
NET BOOK VALUE
At 30 April 2024 25,135 5,823 12,919 43,877
At 30 April 2023 24,064 6,471 16,149 46,684

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 31,104 99,878
Other debtors 56,089 2,861
Prepayments and accrued income 4,710 5,777
91,903 108,516

6. CASH AT BANK AND IN HAND

Cash at bank includes £358,284 (2023 - £281,188) of funds held within client accounts. These are funds due to the clients of the company and may include amounts for services provided by the company which had not been transferred by 30th April 2024.

Factotum (Scotland) Limited (Registered number: SC246244)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 1,464 138
Tax 9,474 409
Social security and other taxes 3,215 5,727
VAT 16,100 17,153
Other creditors 11,491 81
Directors' current accounts 186,888 143,066
Accruals and deferred income 8,284 2,980
236,916 169,554

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.4.24 30.4.23
£    £   
Within one year 971 1,941
Between one and five years - 971
971 2,912

9. SECURED DEBTS

A floating charge is held by Clydesdale Bank PLC over the assets of the company.

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £36,809 (2023 - £36,000) were paid to the directors .

The following balance was owed to two of the directors at the balance sheet date £186,888 (2023: £143,066).

The loan was interest free and repayable upon demand.