Repair St Andrews Ltd SC662083 false 2023-06-01 2024-05-31 2024-05-31 The principal activity of the company is computer media & hardware sales Digita Accounts Production Advanced 6.30.9574.0 true SC662083 2023-06-01 2024-05-31 SC662083 2024-05-31 SC662083 core:CurrentFinancialInstruments 2024-05-31 SC662083 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 SC662083 bus:SmallEntities 2023-06-01 2024-05-31 SC662083 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 SC662083 bus:FilletedAccounts 2023-06-01 2024-05-31 SC662083 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 SC662083 bus:RegisteredOffice 2023-06-01 2024-05-31 SC662083 bus:Director1 2023-06-01 2024-05-31 SC662083 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 SC662083 countries:Scotland 2023-06-01 2024-05-31 SC662083 2022-06-01 2023-05-31 SC662083 2023-05-31 SC662083 core:CurrentFinancialInstruments 2023-05-31 SC662083 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 iso4217:GBP xbrli:pure

Registration number: SC662083

Repair St Andrews Ltd

Unaudited Financial Statements

for the Year Ended 31 May 2024

 

Repair St Andrews Ltd

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 4

 

Repair St Andrews Ltd

(Registration number: SC662083)
Statement of Financial Position as at 31 May 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

38,391

2,655

Cash at bank and in hand

 

36,669

24,741

 

75,060

27,396

Creditors: Amounts falling due within one year

5

(22,341)

(11,130)

Net assets

 

52,719

16,266

Capital and reserves

 

Called up share capital

1

1

Retained earnings

52,718

16,265

Shareholders' funds

 

52,719

16,266

For the financial 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.

Director's responsibilities:

The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The Director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Director has not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the director on 25 February 2025
 

.........................................
Mr Nicholas Findlater
Director

 

Repair St Andrews Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

1

General information

The Company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
1 City Road
St Andrews
KY16 9XQ
Scotland

These financial statements were authorised for issue by the director on 25 February 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements have been prepared in sterling which is the functional currency of the entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Repair St Andrews Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates taxable income.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Dividends

Dividend distribution to the Company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual agreement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
 

3

Staff numbers

The average number of persons employed by the Company (including the Director) during the year, was 2 (2023 - 2).

4

Debtors

Current

2024
£

2023
£

Trade debtors

2,218

2,044

Prepayments

611

611

Other debtors

35,562

-

 

38,391

2,655

 

Repair St Andrews Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

976

1,151

Taxation and social security

18,760

8,577

Accruals and deferred income

1,764

538

Other creditors

841

864

22,341

11,130

6

Dividends

2024

2023

£

£

Final dividend of £Nil (2023 - £2,000.00) per ordinary share

-

2,000