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REGISTERED NUMBER: SC161948 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29TH MAY 2024

FOR

E & J SCOTT (HAULAGE) LIMITED

E & J SCOTT (HAULAGE) LIMITED (REGISTERED NUMBER: SC161948)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29TH MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 7

E & J SCOTT (HAULAGE) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29TH MAY 2024







DIRECTORS: Eric Scott
Jacque Scott





SECRETARY: Jacque Scott





REGISTERED OFFICE: Mains of Kindrought
Strichen
Fraserburgh
Aberdeenshire
AB43 6RL





REGISTERED NUMBER: SC161948 (Scotland)





ACCOUNTANTS: Goldwells
Goldwells House
Grange Road
Peterhead
Aberdeenshire
AB42 1WN

E & J SCOTT (HAULAGE) LIMITED (REGISTERED NUMBER: SC161948)

BALANCE SHEET
29TH MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 64,629 141,073

CURRENT ASSETS
Stocks 225,000 215,000
Debtors 6 363,108 294,384
Cash at bank 20,287 -
608,395 509,384
CREDITORS
Amounts falling due within one year 7 561,903 520,865
NET CURRENT ASSETS/(LIABILITIES) 46,492 (11,481 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

111,121

129,592

CREDITORS
Amounts falling due after more than one
year

8

(12,719

)

(26,237

)

PROVISIONS FOR LIABILITIES (12,288 ) (26,813 )
NET ASSETS 86,114 76,542

CAPITAL AND RESERVES
Called up share capital 20,000 20,000
Capital redemption reserve 50,000 50,000
Retained earnings 16,114 6,542
SHAREHOLDERS' FUNDS 86,114 76,542

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th 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.

E & J SCOTT (HAULAGE) LIMITED (REGISTERED NUMBER: SC161948)

BALANCE SHEET - continued
29TH 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10th February 2025 and were signed on its behalf by:





Eric Scott - Director


E & J SCOTT (HAULAGE) LIMITED (REGISTERED NUMBER: SC161948)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29TH MAY 2024

1. STATUTORY INFORMATION

E & J Scott (Haulage) 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The presentation currency is sterling.

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

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 - 15% on cost
Lorries/ tractor units - 15% on cost
Trailers - 10% 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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

E & J SCOTT (HAULAGE) LIMITED (REGISTERED NUMBER: SC161948)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29TH MAY 2024

5. TANGIBLE FIXED ASSETS
Lorries/
Computer Plant and tractor
equipment machinery units Trailers Totals
£    £    £    £    £   
COST
At 30th May 2023 4,667 20,068 485,885 266,178 776,798
Disposals - - (113,500 ) (13,097 ) (126,597 )
At 29th May 2024 4,667 20,068 372,385 253,081 650,201
DEPRECIATION
At 30th May 2023 4,302 18,920 398,710 213,793 635,725
Charge for year 123 271 13,920 7,273 21,587
Eliminated on disposal - - (62,850 ) (8,890 ) (71,740 )
At 29th May 2024 4,425 19,191 349,780 212,176 585,572
NET BOOK VALUE
At 29th May 2024 242 877 22,605 40,905 64,629
At 29th May 2023 365 1,148 87,175 52,385 141,073

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 357,194 282,348
Other debtors 5,447 5,447
VAT - 6,122
Prepayments 467 467
363,108 294,384

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,994 17,003
Hire purchase contracts 3,524 3,524
Trade creditors 333,350 247,991
Social security and other taxes 7,406 -
Directors' current accounts 204,293 247,486
Accrued expenses 3,336 4,861
561,903 520,865

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 2-5 years 10,758 20,752
Hire purchase contracts 1,961 5,485
12,719 26,237

E & J SCOTT (HAULAGE) LIMITED (REGISTERED NUMBER: SC161948)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29TH MAY 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdraft - 7,009

The overdraft is secured by a Floating Charge Debenture over the assets of the company.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Mr Eric Scott, a director of the company, maintained a current account with the company. As at 29th May 2024 the company had an outstanding balance due to Mr Scott of £204,293. As at 29th May 2023 the balance owed to Mr Scott by the company was £247,486..

The loan is interest free and there are no fixed repayment terms.

11. RELATED PARTY DISCLOSURES

Eric Scott and Jacque Scott, both directors of E & J Scott (Haulage) Limited, are also partners in E & J Scott. The company made purchases of goods and services of £17,200 from the partnership during the year. As at the 29th May 2023 there was no outstanding balances due from or to E & J Scott. All transactions were conducted at arms length.

12. ULTIMATE CONTROLLING PARTY

The company was under the control of Mr Eric Scott during the current and previous years.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
E & J SCOTT (HAULAGE) LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of E & J Scott (Haulage) Limited for the year ended 29th May 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of E & J Scott (Haulage) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of E & J Scott (Haulage) Limited and state those matters that we have agreed to state to the Board of Directors of E & J Scott (Haulage) Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that E & J Scott (Haulage) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of E & J Scott (Haulage) Limited. You consider that E & J Scott (Haulage) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of E & J Scott (Haulage) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Goldwells
Goldwells House
Grange Road
Peterhead
Aberdeenshire
AB42 1WN


10th February 2025