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REGISTERED NUMBER: SC346970 (Scotland)















STAN WARDROP & SON LTD

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2024






STAN WARDROP & SON LTD (REGISTERED NUMBER: SC346970)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STAN WARDROP & SON LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2024







DIRECTOR: A Wardrop



REGISTERED OFFICE: The Mill House
23 Gilbert Sheddon Court
Stewarton
Ayrshire
KA3 5EG



REGISTERED NUMBER: SC346970 (Scotland)



ACCOUNTANTS: JRD Partnership Ltd
Chartered Accountants
11 Portland Road
Kilmarnock
Ayrshire
KA1 2BT



BANKERS: Royal Bank of Scotland plc
96 John Finnie Street
Kilmarnock
KA1 1NY

STAN WARDROP & SON LTD (REGISTERED NUMBER: SC346970)

BALANCE SHEET
30TH JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 126,951 136,773

CURRENT ASSETS
Debtors 5 38,672 181,855
Cash at bank 11,391 17,652
50,063 199,507
CREDITORS
Amounts falling due within one year 6 26,654 133,260
NET CURRENT ASSETS 23,409 66,247
TOTAL ASSETS LESS CURRENT
LIABILITIES

150,360

203,020

PROVISIONS FOR LIABILITIES 4,161 5,866
NET ASSETS 146,199 197,154

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 146,197 197,152
SHAREHOLDERS' FUNDS 146,199 197,154

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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.

STAN WARDROP & SON LTD (REGISTERED NUMBER: SC346970)

BALANCE SHEET - continued
30TH JUNE 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 director and authorised for issue on 23rd January 2025 and were signed by:





A Wardrop - Director


STAN WARDROP & SON LTD (REGISTERED NUMBER: SC346970)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024


1. STATUTORY INFORMATION

Stan Wardrop & Son Ltd 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 represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - at varying rates on cost
Plant and machinery etc - 25% on reducing balance and 25% on cost

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.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

The company also pays into a personal pension scheme of the director.

STAN WARDROP & SON LTD (REGISTERED NUMBER: SC346970)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st July 2023 121,001 135,817 256,818
Disposals - (142 ) (142 )
At 30th June 2024 121,001 135,675 256,676
DEPRECIATION
At 1st July 2023 13,426 106,619 120,045
Charge for year 2,522 7,300 9,822
Eliminated on disposal - (142 ) (142 )
At 30th June 2024 15,948 113,777 129,725
NET BOOK VALUE
At 30th June 2024 105,053 21,898 126,951
At 30th June 2023 107,575 29,198 136,773

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 35,976 145,699
Other debtors 2,696 36,156
38,672 181,855

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 11,378 83,898
Taxation and social security 12,381 44,952
Other creditors 2,895 4,410
26,654 133,260

7. RELATED PARTY DISCLOSURES

Mr & Mrs Wardrop have loaned the company £1,815 (2023 - £2,728) interest free. There is no set date for repayment of the loan.

£165 (2023 - £615) of the loan, which is owed to Mrs F Wardrop, is disclosed in note 7 under 'Other Creditors'.

The director and Mrs Wardrop each received a dividend of £30,250 during the year.

STAN WARDROP & SON LTD (REGISTERED NUMBER: SC346970)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024


8. ULTIMATE CONTROLLING PARTY

Mr & Mrs A Wardrop, who own 100% of the issued share capital, are the ultimate controlling party.