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REGISTERED NUMBER: SC186233 (Scotland)
















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

GLENAMMER SIEVES LIMITED

GLENAMMER SIEVES LIMITED (REGISTERED NUMBER: SC186233)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GLENAMMER SIEVES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: A Matthews
A Matthews
C L Wallis





REGISTERED OFFICE: Unit 3
62 Viewfield Road
Ayrshire
KA8 8HH





REGISTERED NUMBER: SC186233 (Scotland)





ACCOUNTANTS: Robert J Hart & Company
Chartered Accountants
Arran House
15D Skye Road
Prestwick
Ayrshire
KA9 2TA

GLENAMMER SIEVES LIMITED (REGISTERED NUMBER: SC186233)

BALANCE SHEET
31 MAY 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 7,000 8,000
Tangible assets 5 396,195 459,513
403,195 467,513

CURRENT ASSETS
Stocks 109,683 86,504
Debtors 6 253,431 268,800
Cash at bank 30,709 51,041
393,823 406,345
CREDITORS
Amounts falling due within one year 7 252,126 305,905
NET CURRENT ASSETS 141,697 100,440
TOTAL ASSETS LESS CURRENT
LIABILITIES

544,892

567,953

CREDITORS
Amounts falling due after more than one
year

8

(55,108

)

(88,517

)

PROVISIONS FOR LIABILITIES 11 (58,524 ) (70,649 )
NET ASSETS 431,260 408,787

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 431,258 408,785
431,260 408,787

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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.

GLENAMMER SIEVES LIMITED (REGISTERED NUMBER: SC186233)

BALANCE SHEET - continued
31 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 February 2025 and were signed on its behalf by:





C L Wallis - Director


GLENAMMER SIEVES LIMITED (REGISTERED NUMBER: SC186233)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Glenammer Sieves 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents, licences and intellectual property rights are being amortised evenly over their estimated useful life of ten years.

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.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on reducing balance, 20% on cost and 20% on reducing balance

The company's policy is to review the remaining useful life and residual value of all tangible assets on an ongoing basis and to adjust the depreciation charge to reflect the remaining useful economic life and residual value.

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 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.


GLENAMMER SIEVES LIMITED (REGISTERED NUMBER: SC186233)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 18 (2023 - 22 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 June 2023
and 31 May 2024 10,000
AMORTISATION
At 1 June 2023 2,000
Charge for year 1,000
At 31 May 2024 3,000
NET BOOK VALUE
At 31 May 2024 7,000
At 31 May 2023 8,000

GLENAMMER SIEVES LIMITED (REGISTERED NUMBER: SC186233)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 June 2023 168,376 15,946 754,325
Additions - - 16,424
At 31 May 2024 168,376 15,946 770,749
DEPRECIATION
At 1 June 2023 27,540 12,262 493,007
Charge for year 3,368 546 62,459
At 31 May 2024 30,908 12,808 555,466
NET BOOK VALUE
At 31 May 2024 137,468 3,138 215,283
At 31 May 2023 140,836 3,684 261,318

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 June 2023 16,520 55,635 1,010,802
Additions - - 16,424
At 31 May 2024 16,520 55,635 1,027,226
DEPRECIATION
At 1 June 2023 15,003 3,477 551,289
Charge for year 329 13,040 79,742
At 31 May 2024 15,332 16,517 631,031
NET BOOK VALUE
At 31 May 2024 1,188 39,118 396,195
At 31 May 2023 1,517 52,158 459,513

Fixed assets included in the above, which are held under hire purchase contract are as follows:
cost of £115,231 (2023; £513,104), depreciation of £36,382 (2023: £272,591) and a net book value of £78,849 (2023: £240,513).

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 237,300 232,094
Other debtors 16,131 36,706
253,431 268,800

GLENAMMER SIEVES LIMITED (REGISTERED NUMBER: SC186233)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 23,715 23,717
Hire purchase contracts (see note 9) 17,515 57,864
Trade creditors 136,351 138,255
Taxation and social security 38,103 22,229
Other creditors 36,442 63,840
252,126 305,905

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans 17,683 41,396
Hire purchase contracts (see note 9) 27,939 45,455
Other creditors 9,486 1,666
55,108 88,517

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.5.24 31.5.23
£    £   
Net obligations repayable:
Within one year 17,515 57,864
Between one and five years 27,939 45,455
45,454 103,319

Non-cancellable operating leases
31.5.24 31.5.23
£    £   
Within one year 8,073 9,238
Between one and five years 24,893 32,294
In more than five years - 673
32,966 42,205

GLENAMMER SIEVES LIMITED (REGISTERED NUMBER: SC186233)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

10. SECURED DEBTS

The following secured debts are included within creditors:

31.5.24 31.5.23
£    £   
Hire purchase contracts 45,454 103,319
Bank Loans 20,564 34,280
Other loans - 11,666
66,018 149,265

Bank loans are secured by a standard security over the company's freehold property, together with a floating charge over all other assets.

Hire purchase creditors are secured over the specific assets financed.

Other loans are secured by a second standard security over the company's property together with a second floating charge over all other assets, supported by a personal guarantee from certain participators.

11. PROVISIONS FOR LIABILITIES
31.5.24 31.5.23
£    £   
Deferred tax 58,524 70,649

Deferred
tax
£   
Balance at 1 June 2023 70,649
Credit to Income Statement during year (12,125 )
Balance at 31 May 2024 58,524