IRIS Accounts Production v24.3.2.46 SC337290 director 1.10.23 30.9.24 30.9.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC3372902023-09-30SC3372902024-09-30SC3372902023-10-012024-09-30SC3372902022-09-30SC3372902022-10-012023-09-30SC3372902023-09-30SC337290ns15:Scotland2023-10-012024-09-30SC337290ns14:PoundSterling2023-10-012024-09-30SC337290ns10:Director12023-10-012024-09-30SC337290ns10:PrivateLimitedCompanyLtd2023-10-012024-09-30SC337290ns10:SmallEntities2023-10-012024-09-30SC337290ns10:AuditExempt-NoAccountantsReport2023-10-012024-09-30SC337290ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-30SC337290ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-30SC337290ns10:FullAccounts2023-10-012024-09-30SC33729012023-10-012024-09-30SC337290ns10:CompanySecretary12023-10-012024-09-30SC337290ns10:RegisteredOffice2023-10-012024-09-30SC337290ns5:CurrentFinancialInstruments2024-09-30SC337290ns5:CurrentFinancialInstruments2023-09-30SC337290ns5:ShareCapital2024-09-30SC337290ns5:ShareCapital2023-09-30SC337290ns5:RetainedEarningsAccumulatedLosses2024-09-30SC337290ns5:RetainedEarningsAccumulatedLosses2023-09-30SC337290ns5:NetGoodwill2023-10-012024-09-30SC337290ns5:IntangibleAssetsOtherThanGoodwill2023-10-012024-09-30SC337290ns5:PlantMachinery2023-10-012024-09-30SC337290ns5:FurnitureFittings2023-10-012024-09-30SC337290ns5:MotorVehicles2023-10-012024-09-30SC337290ns5:ComputerEquipment2023-10-012024-09-30SC337290ns5:NetGoodwill2023-09-30SC337290ns5:NetGoodwill2024-09-30SC337290ns5:NetGoodwill2023-09-30SC337290ns5:PlantMachinery2023-09-30SC337290ns5:FurnitureFittings2023-09-30SC337290ns5:MotorVehicles2023-09-30SC337290ns5:ComputerEquipment2023-09-30SC337290ns5:PlantMachinery2024-09-30SC337290ns5:FurnitureFittings2024-09-30SC337290ns5:MotorVehicles2024-09-30SC337290ns5:ComputerEquipment2024-09-30SC337290ns5:PlantMachinery2023-09-30SC337290ns5:FurnitureFittings2023-09-30SC337290ns5:MotorVehicles2023-09-30SC337290ns5:ComputerEquipment2023-09-30SC337290ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-30SC337290ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-30
REGISTERED NUMBER: SC337290 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

STAGE HIRE SCOTLAND LTD.

STAGE HIRE SCOTLAND LTD. (REGISTERED NUMBER: SC337290)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


STAGE HIRE SCOTLAND LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTOR: A Smith





SECRETARY: Ms J Thompson





REGISTERED OFFICE: 41 Meadowside Street
Renfrew
PA4 8SY





REGISTERED NUMBER: SC337290 (Scotland)





ACCOUNTANTS: MacDonald Morton Ltd
Chartered Accountants
67 March Road
Edinburgh
EH4 3SU

STAGE HIRE SCOTLAND LTD. (REGISTERED NUMBER: SC337290)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 105,000 135,000
Tangible assets 5 1,405,719 1,120,338
1,510,719 1,255,338

CURRENT ASSETS
Debtors 6 617,358 426,850
Cash at bank and in hand 1,133,946 1,062,494
1,751,304 1,489,344
CREDITORS
Amounts falling due within one year 7 909,926 855,678
NET CURRENT ASSETS 841,378 633,666
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,352,097

1,889,004

PROVISIONS FOR LIABILITIES 348,773 275,536
NET ASSETS 2,003,324 1,613,468

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,003,224 1,613,368
SHAREHOLDERS' FUNDS 2,003,324 1,613,468

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

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

STAGE HIRE SCOTLAND LTD. (REGISTERED NUMBER: SC337290)

STATEMENT OF FINANCIAL POSITION - continued
30 SEPTEMBER 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 21 February 2025 and were signed by:





A Smith - Director


STAGE HIRE SCOTLAND LTD. (REGISTERED NUMBER: SC337290)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Stage Hire Scotland 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.

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
Revenue comprises the fair value of the sale of goods and services net of value added tax, rebates and discounts.

Sales of goods are recognised when the company has delivered products to the customer, the customer has accepted the products, and collectability of the related receivables is fairly assured.

Service revenues are recognised as those services are provided to customers.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of twenty years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 8% on cost
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance and 10% on cost
Computer equipment - 33% on cost

Financial instruments
Financial assets and liabilities are recognised when the company becomes party to the contractual provisions of the financial instrument. The company holds the following basic financial instruments.

Financial assets
Cash and cash equivalents - comprise cash in hand and deposits held with banks.

Trade and other debtors are initially measured at the undiscounted amounts receivable from a customer, which is normally the invoiced price. Trade and other debtors are assessed at the end of each reporting period for objective evidence of impairment. If such evidence is found an impairment loss is recognised.

Financial liabilities
Trade and other creditors are initially measured at the transaction price, including any transaction costs.

Directors loans are initially measured at the transaction price and are subsequently measured at the undiscounted amount of the cash expected to be paid within the appropriate period of creditors falling due within one year and creditors falling due after more than one year.


STAGE HIRE SCOTLAND LTD. (REGISTERED NUMBER: SC337290)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued
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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 45 (2023 - 40 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 600,000
AMORTISATION
At 1 October 2023 465,000
Amortisation for year 30,000
At 30 September 2024 495,000
NET BOOK VALUE
At 30 September 2024 105,000
At 30 September 2023 135,000

STAGE HIRE SCOTLAND LTD. (REGISTERED NUMBER: SC337290)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2023 1,059,894 6,886 1,625,724 17,649 2,710,153
Additions 245,846 - 324,862 - 570,708
Disposals - - (380,686 ) - (380,686 )
At 30 September 2024 1,305,740 6,886 1,569,900 17,649 2,900,175
DEPRECIATION
At 1 October 2023 463,993 4,967 1,106,301 14,554 1,589,815
Charge for year 69,467 288 196,476 1,504 267,735
Eliminated on disposal - - (363,094 ) - (363,094 )
At 30 September 2024 533,460 5,255 939,683 16,058 1,494,456
NET BOOK VALUE
At 30 September 2024 772,280 1,631 630,217 1,591 1,405,719
At 30 September 2023 595,901 1,919 519,423 3,095 1,120,338


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 616,358 426,700
Other debtors 1,000 150
617,358 426,850

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 64,040 58,918
Taxation and social security 270,648 185,818
Other creditors 575,238 610,942
909,926 855,678

8. RELATED PARTY DISCLOSURES

As at 30 September, Mr A Smith, Director, was due £553,957 (2023: £593,779) from the company, which is included in other creditors falling due within one year.