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REGISTERED NUMBER: SC235389 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Neil Daniel Autobody Limited

Neil Daniel Autobody Limited (Registered number: SC235389)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Neil Daniel Autobody Limited

Company Information
for the Year Ended 31 August 2024







DIRECTOR: Mr N A Daniel





REGISTERED OFFICE: 9-10 Blackhouse Way
Blackhouse Industrial Estate
Peterhead
Aberdeenshire
AB42 1BQ





REGISTERED NUMBER: SC235389 (Scotland)





ACCOUNTANTS: SBP
Accountants
Glebefield House
21 Links Terrace
Peterhead
Aberdeenshire
AB42 2XA

Neil Daniel Autobody Limited (Registered number: SC235389)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,300 1,710
Tangible assets 5 99,155 89,507
100,455 91,217

CURRENT ASSETS
Stocks 33,668 29,144
Debtors 6 25,747 31,080
Cash at bank 116,150 144,098
175,565 204,322
CREDITORS
Amounts falling due within one year 7 38,344 56,551
NET CURRENT ASSETS 137,221 147,771
TOTAL ASSETS LESS CURRENT
LIABILITIES

237,676

238,988

PROVISIONS FOR LIABILITIES 4,838 3,533
NET ASSETS 232,838 235,455

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 232,836 235,453
SHAREHOLDERS' FUNDS 232,838 235,455

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

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

Neil Daniel Autobody Limited (Registered number: SC235389)

Balance Sheet - continued
31 August 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 January 2025 and were signed by:





Mr N A Daniel - Director


Neil Daniel Autobody Limited (Registered number: SC235389)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Neil Daniel Autobody 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets are included at cost less depreciation and impairment. The residual value is reassessed at the end of each accounting period.

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 Statement of Income and Retained Earnings, 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.

Neil Daniel Autobody Limited (Registered number: SC235389)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

2. ACCOUNTING POLICIES - continued

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 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 September 2023
and 31 August 2024 4,104
AMORTISATION
At 1 September 2023 2,394
Charge for year 410
At 31 August 2024 2,804
NET BOOK VALUE
At 31 August 2024 1,300
At 31 August 2023 1,710

5. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2023 121,605 36,047 14,856 540 173,048
Additions - 1,432 18,345 - 19,777
Disposals - - (9,450 ) - (9,450 )
At 31 August 2024 121,605 37,479 23,751 540 183,375
DEPRECIATION
At 1 September 2023 47,585 23,245 12,176 535 83,541
Charge for year 2,432 2,136 5,157 5 9,730
Eliminated on disposal - - (9,051 ) - (9,051 )
At 31 August 2024 50,017 25,381 8,282 540 84,220
NET BOOK VALUE
At 31 August 2024 71,588 12,098 15,469 - 99,155
At 31 August 2023 74,020 12,802 2,680 5 89,507

Neil Daniel Autobody Limited (Registered number: SC235389)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 18,534 24,690
Other debtors 7,213 6,390
25,747 31,080

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 12,614 19,439
Taxation and social security 15,887 22,148
Other creditors 9,843 14,964
38,344 56,551

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mr N A Daniel.