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REGISTERED NUMBER: SC322819 (Scotland)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

SCOTT ENGINEERING SERVICES LIMITED

SCOTT ENGINEERING SERVICES LIMITED (REGISTERED NUMBER: SC322819)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SCOTT ENGINEERING SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: K Scott
Mrs A Scott
J Scott





SECRETARY: Mrs A Scott





REGISTERED OFFICE: Bracken View
Ochiltree Road
Auchinleck
Ayrshire
KA18 2LU





REGISTERED NUMBER: SC322819 (Scotland)





ACCOUNTANTS: Galbraith Pritchards
20 Barns Street
Ayr
Ayrshire
KA7 1XA

SCOTT ENGINEERING SERVICES LIMITED (REGISTERED NUMBER: SC322819)

BALANCE SHEET
31 MAY 2024

31/5/24 31/5/23
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 119,609 118,380

CURRENT ASSETS
Stocks 2,934 4,089
Debtors 5 76,081 110,706
Cash at bank 232,954 150,533
311,969 265,328
CREDITORS
Amounts falling due within one year 6 176,676 142,964
NET CURRENT ASSETS 135,293 122,364
TOTAL ASSETS LESS CURRENT
LIABILITIES

254,902

240,744

PROVISIONS FOR LIABILITIES 29,904 29,596
NET ASSETS 224,998 211,148

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 224,898 211,048
SHAREHOLDERS' FUNDS 224,998 211,148

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

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

SCOTT ENGINEERING SERVICES LIMITED (REGISTERED NUMBER: SC322819)

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 Board of Directors and authorised for issue on 10 February 2025 and were signed on its behalf by:





K Scott - Director


SCOTT ENGINEERING SERVICES LIMITED (REGISTERED NUMBER: SC322819)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

Scott Engineering Services 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.

Critical accounting judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, which are described in note 2, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

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.
Workshop - 5% on cost
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

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.


SCOTT ENGINEERING SERVICES LIMITED (REGISTERED NUMBER: SC322819)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 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 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.

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 12 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
Workshop machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2023 5,218 133,978 93,980 8,505 241,681
Additions - 3,570 32,997 - 36,567
At 31 May 2024 5,218 137,548 126,977 8,505 278,248
DEPRECIATION
At 1 June 2023 3,123 67,860 44,706 7,612 123,301
Charge for year 261 13,939 20,568 570 35,338
At 31 May 2024 3,384 81,799 65,274 8,182 158,639
NET BOOK VALUE
At 31 May 2024 1,834 55,749 61,703 323 119,609
At 31 May 2023 2,095 66,118 49,274 893 118,380

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
as restated
£    £   
Trade debtors 76,081 110,138
VAT - 568
76,081 110,706

SCOTT ENGINEERING SERVICES LIMITED (REGISTERED NUMBER: SC322819)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
as restated
£    £   
Trade creditors 31,400 25,187
Tax 28,286 34,625
Social security and other taxes 3,100 2,573
VAT 5,720 -
Directors' current accounts 99,088 71,588
Accrued expenses 9,082 8,991
176,676 142,964

7. RELATED PARTY DISCLOSURES

During the year £6,960 (2023 £6,960) was paid to the directors for rent of a workshop owned by them.

8. ULTIMATE CONTROLLING PARTY

The directors consider that there is no ultimate controlling party as the directors, Mr and Mrs Scott, each own 50% of the issued share capital of the company.