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REGISTERED NUMBER: SC144590 (Scotland)















Financial Statements for the Year Ended 31 May 2024

for

Northern Tectonics Ltd.

Northern Tectonics Ltd. (Registered number: SC144590)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountant 5

Northern Tectonics Ltd.

Company Information
for the Year Ended 31 May 2024







DIRECTOR: I McWilliam





REGISTERED OFFICE: Station Place
Forfar
Angus
DD8 3TB





REGISTERED NUMBER: SC144590 (Scotland)





ACCOUNTANT: Lisa Barclay Accountancy Services Limited
PO Box 7003
Forfar
Angus
DD8 0BA

Northern Tectonics Ltd. (Registered number: SC144590)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 88,516 87,108

CURRENT ASSETS
Stocks 14,682 120,195
Debtors 5 357,746 411,563
Cash at bank 109,028 132,592
481,456 664,350
CREDITORS
Amounts falling due within one year 6 101,303 353,704
NET CURRENT ASSETS 380,153 310,646
TOTAL ASSETS LESS CURRENT
LIABILITIES

468,669

397,754

CAPITAL AND RESERVES
Called up share capital 80,000 80,000
Retained earnings 388,669 317,754
SHAREHOLDERS' FUNDS 468,669 397,754

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 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.

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 26 September 2024 and were signed by:





I McWilliam - Director


Northern Tectonics Ltd. (Registered number: SC144590)

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

1. STATUTORY INFORMATION

Northern Tectonics 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 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.
Freehold property - Straight line over 50 years
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - Straight line over 4 years

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
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 9 (2023 - 9 ) .

Northern Tectonics Ltd. (Registered number: SC144590)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 June 2023 109,043 83,984 28,987 100,602 322,616
Additions - 721 5,475 40,265 46,461
Disposals - - - (46,507 ) (46,507 )
At 31 May 2024 109,043 84,705 34,462 94,360 322,570
DEPRECIATION
At 1 June 2023 61,652 78,365 27,766 67,725 235,508
Charge for year 2,181 1,946 1,631 13,716 19,474
Eliminated on disposal - - - (20,928 ) (20,928 )
At 31 May 2024 63,833 80,311 29,397 60,513 234,054
NET BOOK VALUE
At 31 May 2024 45,210 4,394 5,065 33,847 88,516
At 31 May 2023 47,391 5,619 1,221 32,877 87,108

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 343,874 379,541
Other debtors 13,872 32,022
357,746 411,563

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 57,327 245,470
Taxation and social security 29,539 10,825
Other creditors 14,437 97,409
101,303 353,704

7. RELATED PARTY DISCLOSURES

The company was under the control of I McWilliam throughout the current and previous year. I McWilliam has 62.50% of the shares.

During the year the company rented premises from J McWilliam at an annual rent of £6,583 (2023 - £5,720).

No dividends were paid during the year.

Northern Tectonics Ltd.

Report of the Accountant to the Director of
Northern Tectonics Ltd.

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.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 May 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to me.






Lisa Barclay Accountancy Services Limited
PO Box 7003
Forfar
Angus
DD8 0BA


26 September 2024