Company Registration No. SC179913 (Scotland)
Scot-Signs Limited
Unaudited accounts
for the year ended 31 December 2024
Scot-Signs Limited
Unaudited accounts
Contents
Scot-Signs Limited
Company Information
for the year ended 31 December 2024
Directors
Stuart Dalgleish
Mark Duguid
Secretary
Stuart Dalgleish
Company Number
SC179913 (Scotland)
Registered Office
Unit 2, East Dedridge Industrial
Units, Abbotsford Rise
Livingston
West Lothian
EH54 6QD
Scotland
Accountants
Mark McGlone, McGlone & Co
26 Gosford Park
Aberlady
LONGNIDDRY
EH32 0DD
Scot-Signs Limited
Statement of financial position
as at 31 December 2024
Tangible assets
310,599
308,122
Cash at bank and in hand
931,318
1,091,093
Creditors: amounts falling due within one year
(1,015,855)
(732,301)
Net current assets
1,339,268
1,182,677
Net assets
1,649,867
1,490,799
Called up share capital
28
28
Profit and loss account
1,649,839
1,490,771
Shareholders' funds
1,649,867
1,490,799
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 12 February 2025 and were signed on its behalf by
Stuart Dalgleish
Director
Company Registration No. SC179913
Scot-Signs Limited
Notes to the Accounts
for the year ended 31 December 2024
Scot-Signs Limited is a private company, limited by shares, registered in Scotland, registration number SC179913. The registered office is Unit 2, East Dedridge Industrial, Units, Abbotsford Rise, Livingston, West Lothian, EH54 6QD, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing Balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 January 2024
563,833
236,112
799,945
Additions
102,328
63,385
165,713
Disposals
-
(48,949)
(48,949)
At 31 December 2024
666,161
250,548
916,709
At 1 January 2024
351,362
140,461
491,823
Charge for the year
78,700
78,831
157,531
On disposals
-
(43,244)
(43,244)
At 31 December 2024
430,062
176,048
606,110
At 31 December 2024
236,099
74,500
310,599
At 31 December 2023
212,471
95,651
308,122
Scot-Signs Limited
Notes to the Accounts
for the year ended 31 December 2024
Amounts falling due within one year
Trade debtors
1,412,794
788,802
Accrued income and prepayments
-
25,872
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
65,502
134,314
Trade creditors
591,351
227,665
Taxes and social security
107,659
225,389
7
Average number of employees
During the year the average number of employees was 29 (2023: 29).