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REGISTERED NUMBER: SC569206 (Scotland)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

S. EWING AND SONS DEVELOPMENTS LIMITED

S. EWING AND SONS DEVELOPMENTS LIMITED (REGISTERED NUMBER: SC569206)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 8

S. EWING AND SONS DEVELOPMENTS LIMITED

Company Information
for the Year Ended 30 June 2024







DIRECTOR: Mr J S Ewing





REGISTERED OFFICE: Units 5/6 Oakley Industrial Estate
Oakley
Dunfermline
Fife
KY12 9QB





REGISTERED NUMBER: SC569206 (Scotland)





ACCOUNTANTS: Signature
Oakfield House
378 Brandon Street
Motherwell
Lanarkshire
ML1 1XA

S. EWING AND SONS DEVELOPMENTS LIMITED (REGISTERED NUMBER: SC569206)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 849,365 409,556

CURRENT ASSETS
Stocks 250,000 -
Debtors 5 53,617 20,061
Cash at bank 313 153,688
303,930 173,749
CREDITORS
Amounts falling due within one year 6 660,376 490,471
NET CURRENT LIABILITIES (356,446 ) (316,722 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

492,919

92,834

CREDITORS
Amounts falling due after more than one
year

7

332,805

397,093
NET ASSETS/(LIABILITIES) 160,114 (304,259 )

CAPITAL AND RESERVES
Called up share capital 8 2 2
Revaluation reserve 9 435,000 -
Retained earnings (274,888 ) (304,261 )
SHAREHOLDERS' FUNDS 160,114 (304,259 )

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

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

S. EWING AND SONS DEVELOPMENTS LIMITED (REGISTERED NUMBER: SC569206)

Balance Sheet - continued
30 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 18 February 2025 and were signed by:





Mr J S Ewing - Director


S. EWING AND SONS DEVELOPMENTS LIMITED (REGISTERED NUMBER: SC569206)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

S. Ewing And Sons Developments 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 as modified by the revaluation of certain assets.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on cost
Motor vehicles - 25% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

S. EWING AND SONS DEVELOPMENTS LIMITED (REGISTERED NUMBER: SC569206)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 6 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST OR VALUATION
At 1 July 2023 280,000 148,216 36,790 465,006
Additions - 68,081 - 68,081
Revaluations 435,000 - - 435,000
At 30 June 2024 715,000 216,297 36,790 968,087
DEPRECIATION
At 1 July 2023 - 37,054 18,396 55,450
Charge for year - 54,074 9,198 63,272
At 30 June 2024 - 91,128 27,594 118,722
NET BOOK VALUE
At 30 June 2024 715,000 125,169 9,196 849,365
At 30 June 2023 280,000 111,162 18,394 409,556

Cost or valuation at 30 June 2024 is represented by:

Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
Valuation in 2024 715,000 216,297 36,790 968,087

S. EWING AND SONS DEVELOPMENTS LIMITED (REGISTERED NUMBER: SC569206)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST OR VALUATION
At 1 July 2023 147,973
Additions 65,260
At 30 June 2024 213,233
DEPRECIATION
At 1 July 2023 36,993
Charge for year 53,308
At 30 June 2024 90,301
NET BOOK VALUE
At 30 June 2024 122,932
At 30 June 2023 110,980

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 53,617 20,061

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 60,339 7,031
Hire purchase contracts 44,228 34,661
Trade creditors 193,858 123,302
Taxation and social security 227,533 192,310
Other creditors 134,418 133,167
660,376 490,471

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 208,755 283,211
Hire purchase contracts 124,050 113,882
332,805 397,093

S. EWING AND SONS DEVELOPMENTS LIMITED (REGISTERED NUMBER: SC569206)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

9. RESERVES
Revaluation
reserve
£   
Revaluation Reserve 435,000

At 30 June 2024 435,000

Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
S. Ewing And Sons Developments Limited

The following reproduces the text of the report prepared for the director 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 Director 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 S. Ewing And Sons Developments Limited for the year ended 30 June 2024 which comprise the Income Statement, 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 director of S. Ewing And Sons Developments Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of S. Ewing And Sons Developments Limited and state those matters that we have agreed to state to the director of S. Ewing And Sons Developments Limited 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 director for our work or for this report.

It is your duty to ensure that S. Ewing And Sons Developments 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 S. Ewing And Sons Developments Limited. You consider that S. Ewing And Sons Developments 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 S. Ewing And Sons Developments 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.






Signature
Oakfield House
378 Brandon Street
Motherwell
Lanarkshire
ML1 1XA


18 February 2025