pinacle 6.0 2017.03.01 SCOTT RETAIL LIMITED 05901516 2023-09-01 2024-08-31 false 05901516 frs:CurrentFinancialInstruments frs:WithinOneYear 2024-08-31 05901516 frs:CurrentFinancialInstruments 2024-08-31 05901516 frs:Non-currentFinancialInstruments frs:AfterOneYear 2024-08-31 05901516 2024-08-31 05901516 frs:RetainedEarningsAccumulatedLosses 2024-08-31 05901516 frs:ShareCapital 2024-08-31 05901516 2024-08-31 05901516 uk-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 05901516 uk-bus:Director1 2023-09-01 2024-08-31 05901516 uk-bus:FilletedAccounts 2023-09-01 2024-08-31 05901516 frs:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 05901516 frs:FurnitureFittingsToolsEquipment 2023-09-01 2024-08-31 05901516 frs:MotorVehicles 2023-09-01 2024-08-31 05901516 uk-bus:OrdinaryShareClass1 2023-09-01 2024-08-31 05901516 uk-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 05901516 uk-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 05901516 uk-bus:SmallEntities 2023-09-01 2024-08-31 05901516 2023-09-01 2024-08-31 05901516 frs:CurrentFinancialInstruments frs:WithinOneYear 2023-08-31 05901516 frs:CurrentFinancialInstruments 2023-08-31 05901516 frs:Non-currentFinancialInstruments frs:AfterOneYear 2023-08-31 05901516 2023-08-31 05901516 frs:ShareCapital 2023-08-31 05901516 2023-08-31 05901516 2022-09-01 2023-08-31 xbrli:pure iso4217:GBP xbrli:shares











SCOTT RETAIL LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31 AUGUST 2024




















Company Registration Number - 05901516





















1.
SCOTT RETAIL LIMITED
COMPANY NUMBER - 05901516

Balance sheet as at 31 August 2024





2024
2023

Notes
£ £ £ £
FIXED ASSETS





Tangible assets 4
189,039
185,965

Current assets




Stocks
3,500
6,500

Debtors 5 917
2,224

Cash at bank and in hand
2,746
1,609




7,163
10,333
Current liabilities




Creditors - Amounts
falling due within one year 6 111,280
114,064


NET CURRENT LIABILITIES

(104,117)
(103,731)


Total assets less current liabilities

84,922
82,234






Creditors - Amounts falling

due after more than one year 6
(8,828)
(12,827)


Net assets

76,094
69,407














2.
SCOTT RETAIL LIMITED
COMPANY NUMBER - 05901516

Balance sheet as at 31 August 2024





2024
2023

Notes
£
£
CAPITAL AND RESERVES

Called up share capital 7
2
2

Profit and Loss account

76,092
69,405


Shareholders' funds

76,094
69,407



These financial statements have been prepared in accordance with the provisions of FRS102 Section 1A of the Companies Act 2006 relating to small companies.
In accordance with section 444 of the Companies Act 2006, the directors' report and the profit and loss account have not been delivered.

For the financial year ended 31 August 2024, the company was entitled to exemption from audit under section 477 of the Companies Act 2006; and no notice has been deposited under section 476.

The members have not required the company to obtain an audit.


The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.


Approved by the board of directors on 12 February 2025
and signed on their behalf by:




MR N LAING



Director



The notes on pages 3 to 5 form an integral part of these accounts.


3.
SCOTT RETAIL LIMITED

Notes to the Financial Statements

For the year ended 31 August 2024


1. General Information

SCOTT RETAIL LIMITED is a Private Company, limited by shares, domiciled in England and Wales, registration number 05901516.


The company's registered office is Brunswick House, 1 Weirfield Green, Taunton, Somerset TA1 1AZ.


2. Accounting policies

Basis of accounting

The financial statements have been prepared under the historical cost convention in accordance with the accounting policies set out below. These financial statements have been prepared in accordance with FRS102, section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.


Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents goods supplied or services rendered, stated net of Value Added Tax. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Turnover from the sale of goods is recognised when goods are delivered and legal title has passed.


Tangible fixed assets and depreciation

Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life:


Fixtures and fittings - 25% reducing balance

Motor vehicles - 25% reducing balance


No depreciation is provided on freehold land.


3. Employees

The average number employed by the company (including directors) during the year 2024 was 4
and in the previous year 2023 was 4.


4.
SCOTT RETAIL LIMITED

Notes to the Financial Statements

For the year ended 31 August 2024


4. Fixed assets - tangible


Plant and

Land and Machinery

Buildings etc. Total




Fair value £ £ £




At 1 September 2023 164,383 33,337 197,720
Additions - 9,111 9,111



At 31 August 2024 164,383 42,448 206,831



Depreciation


At 1 September 2023 - 11,755 11,755
Charge for year - 6,037 6,037



At 31 August 2024 - 17,792 17,792



Net book values
At 31 August 2024 164,383 24,656 189,039
At 1 September 2023 164,383 21,582
185,965








2024
2023


£
£
5. Debtors

Due within one year:



Trade debtors 917
2,224



6. Creditors

Amounts falling due within one year:



Trade creditors 8,805
9,055
Taxation and social security 1,939
-
Director's Current Accounts 100,536
105,009


111,280 114,064


Amounts falling due after one year:



Other creditors:



Bank loan 8,828
12,827



A fixed and floating debenture was created by HSBC Bank on the 16 October 2006 on all monies and liabilities incurred. A further mortgage was created by HSBC Bank on the 8 November 2006 on all monies and liabilities incurred by the company.




5.
SCOTT RETAIL LIMITED

Notes to the Financial Statements

For the year ended 31 August 2024




2024
2023


£
£

7. Called up share capital

There was no change in share capital during the year.


Allotted, called up and fully paid



Ordinary shares of £1 each 2
2