1 June 2023 false No description of principal activity Taxfiler 2024.6 SC535094business:PrivateLimitedCompanyLtd2023-06-012024-05-31 SC5350942023-05-31 SC5350942023-06-012024-05-31 SC535094business:AuditExemptWithAccountantsReport2023-06-012024-05-31 SC535094business:FilletedAccounts2023-06-012024-05-31 SC5350942024-05-31 SC535094business:Director12023-06-012024-05-31 SC535094business:RegisteredOffice2023-06-012024-05-31 SC5350942023-05-31 SC535094core:WithinOneYear2024-05-31 SC535094core:WithinOneYear2023-05-31 SC535094core:AfterOneYear2024-05-31 SC535094core:AfterOneYear2023-05-31 SC535094core:ShareCapitalcore:PreviouslyStatedAmount2024-05-31 SC535094core:ShareCapitalcore:PreviouslyStatedAmount2023-05-31 SC535094core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-05-31 SC535094core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-05-31 SC535094core:PreviouslyStatedAmount2024-05-31 SC535094core:PreviouslyStatedAmount2023-05-31 SC535094business:SmallEntities2023-06-012024-05-31 SC535094countries:Scotland2023-06-012024-05-31 SC535094core:PlantMachinery2023-06-012024-05-31 SC535094core:MotorVehicles2023-06-012024-05-31 SC535094core:PlantMachinery2023-05-31 SC535094core:MotorVehicles2023-05-31 SC535094core:PlantMachinery2024-05-31 SC535094core:MotorVehicles2024-05-31 SC5350942022-06-012023-05-31 iso4217:GBP xbrli:pure
Company Registration No. SC535094 (Scotland)
Thistle Steel International Ltd Unaudited accounts for the year ended 31 May 2024
Thistle Steel International Ltd Unaudited accounts Contents
Page
- 2 -
Thistle Steel International Ltd Company Information for the year ended 31 May 2024
Director
Thomas Payne
Company Number
SC535094 (Scotland)
Registered Office
1 BALGREY ROAD BALGRAY ROAD GLENGARNOCK BEITH KA14 3AG SCOTLAND
Accountants
McCreath Accountancy Lomond House 4 South Street Inchinnan Renfrewshire PA4 9RJ
- 3 -
Thistle Steel International Ltd Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
7,434 
19,290 
Current assets
Debtors
48,472 
(36,000)
Cash at bank and in hand
31,925 
107,293 
80,397 
71,293 
Creditors: amounts falling due within one year
(146,414)
(149,950)
Net current liabilities
(66,017)
(78,657)
Total assets less current liabilities
(58,583)
(59,367)
Creditors: amounts falling due after more than one year
(93,289)
(115,712)
Net liabilities
(151,872)
(175,079)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(151,972)
(175,179)
Shareholders' funds
(151,872)
(175,079)
For the year ending 31 May 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 January 2025 and were signed on its behalf by
Thomas Payne Director Company Registration No. SC535094
- 4 -
Thistle Steel International Ltd Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Thistle Steel International Ltd is a private company, limited by shares, registered in Scotland, registration number SC535094. The registered office is 1 BALGREY ROAD BALGRAY ROAD, GLENGARNOCK, BEITH, KA14 3AG, SCOTLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
Van
Motor vehicles
Car
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2023
37,762 
32,339 
70,101 
At 31 May 2024
37,762 
32,339 
70,101 
Depreciation
At 1 June 2023
33,991 
16,820 
50,811 
Charge for the year
3,771 
8,085 
11,856 
At 31 May 2024
37,762 
24,905 
62,667 
Net book value
At 31 May 2024
- 
7,434 
7,434 
At 31 May 2023
3,771 
15,519 
19,290 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
48,472 
- 
Amounts falling due after more than one year
Trade debtors
- 
(36,000)
- 5 -
Thistle Steel International Ltd Notes to the Accounts for the year ended 31 May 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
22,715 
56,192 
Other creditors
123,699 
93,758 
146,414 
149,950 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
9,482 
10,001 
Obligations under finance leases and hire purchase contracts
83,807 
99,929 
Taxes and social security
- 
5,782 
93,289 
115,712 
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).
- 6 -