Strathclyde Exteriors Ltd SC779731 false 2023-08-21 2024-08-31 2024-08-31 The principal activity of the company is extrior wall coatings Digita Accounts Production Advanced 6.30.9574.0 true SC779731 2023-08-21 2024-08-31 SC779731 2024-08-31 SC779731 bus:Director1 2024-08-31 SC779731 bus:OrdinaryShareClass1 bus:CumulativeShares 2024-08-31 SC779731 core:RetainedEarningsAccumulatedLosses 2024-08-31 SC779731 core:ShareCapital 2024-08-31 SC779731 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 SC779731 bus:SmallEntities 2023-08-21 2024-08-31 SC779731 bus:AuditExemptWithAccountantsReport 2023-08-21 2024-08-31 SC779731 bus:FullAccounts 2023-08-21 2024-08-31 SC779731 bus:SmallCompaniesRegimeForAccounts 2023-08-21 2024-08-31 SC779731 bus:RegisteredOffice 2023-08-21 2024-08-31 SC779731 bus:Director1 2023-08-21 2024-08-31 SC779731 bus:OrdinaryShareClass1 bus:CumulativeShares 2023-08-21 2024-08-31 SC779731 bus:PrivateLimitedCompanyLtd 2023-08-21 2024-08-31 SC779731 bus:Agent1 2023-08-21 2024-08-31 SC779731 core:RetainedEarningsAccumulatedLosses 2023-08-21 2024-08-31 SC779731 core:ShareCapital 2023-08-21 2024-08-31 SC779731 countries:Scotland 2023-08-21 2024-08-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: SC779731

Strathclyde Exteriors Ltd

Annual Report and Unaudited Financial Statements

for the Period from 21 August 2023 to 31 August 2024

 

Strathclyde Exteriors Ltd

Contents

Company Information

1

Director's Report

2

Accountants' Report

3

Profit and Loss Account

4

Statement of Comprehensive Income

5

Balance Sheet

6

Statement of Changes in Equity

7

Notes to the Unaudited Financial Statements

8 to 11

Detailed Profit and Loss Account

12 to 13

 

Strathclyde Exteriors Ltd

Company Information

Director

Mr Jonathon Watt

Registered office

13 Hillend Drive
Motherwell
ML1 4AH

Accountants

Clyde Business Services
159 King Street
Glasgow
Lanarkshire
G73 1BZ

 

Strathclyde Exteriors Ltd

Director's Report for the Period from 21 August 2023 to 31 August 2024

The director presents his report and the financial statements for the period from 21 August 2023 to 31 August 2024.

Incorporation

The company was incorporated on 21 August 2023.

Director of the company

The director who held office during the period was as follows:

Mr Jonathon Watt (appointed 21 August 2023)

Principal activity

The principal activity of the company is extrior wall coatings

Small companies provision statement

This report has 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.

Approved and authorised by the director on 18 November 2024
 

.........................................
Mr Jonathon Watt
Director

 

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Strathclyde Exteriors Ltd
for the Period Ended 31 August 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Strathclyde Exteriors Ltd for the period ended 31 August 2024 as set out on pages 4 to 11 from the company's accounting records and from information and explanations you have given us.

It is your duty to ensure that Strathclyde Exteriors Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Strathclyde Exteriors Ltd. You consider that Strathclyde Exteriors Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Strathclyde Exteriors Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Clyde Business Services
159 King Street
Glasgow
Lanarkshire
G73 1BZ

18 November 2024

 

Strathclyde Exteriors Ltd

Profit and Loss Account for the Period from 21 August 2023 to 31 August 2024

Note

2024
£

Turnover

 

14,434

Cost of sales

 

(4,120)

Gross profit

 

10,314

Administrative expenses

 

(8,954)

Operating profit

 

1,360

Profit before tax

1,360

Tax on profit

 

(258)

Profit for the financial period

 

1,102

The above results were derived from continuing operations.

The company has no recognised gains or losses for the period other than the results above.

 

Strathclyde Exteriors Ltd

Statement of Comprehensive Income for the Period from 21 August 2023 to 31 August 2024

2024
£

Profit for the period

1,102

Total comprehensive income for the period

1,102

 

Strathclyde Exteriors Ltd

(Registration number: SC779731)
Balance Sheet as at 31 August 2024

Note

2024
£

Current assets

 

Cash at bank and in hand

 

1,005

Creditors: Amounts falling due within one year

4

(902)

Net assets

 

103

Capital and reserves

 

Called up share capital

5

1

Retained earnings

102

Shareholders' funds

 

103

For the financial period ending 31 August 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 period 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.

Approved and authorised by the director on 18 November 2024
 

.........................................
Mr Jonathon Watt
Director

 

Strathclyde Exteriors Ltd

Statement of Changes in Equity for the Period from 21 August 2023 to 31 August 2024

Share capital
£

Retained earnings
£

Total
£

Profit for the period

-

1,102

1,102

Dividends

-

(1,000)

(1,000)

New share capital subscribed

1

-

1

At 31 August 2024

1

102

103

 

Strathclyde Exteriors Ltd

Notes to the Unaudited Financial Statements for the Period from 21 August 2023 to 31 August 2024

1

General information

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

The address of its registered office is:
13 Hillend Drive
Motherwell
ML1 4AH

These financial statements were authorised for issue by the director on 18 November 2024.

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.

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.

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.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Strathclyde Exteriors Ltd

Notes to the Unaudited Financial Statements for the Period from 21 August 2023 to 31 August 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

 

Strathclyde Exteriors Ltd

Notes to the Unaudited Financial Statements for the Period from 21 August 2023 to 31 August 2024

4

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Taxation and social security

258

Other creditors

644

902

5

Share capital

Allotted, called up and fully paid shares

 

2024

 

No.

£

Ordinary of £1 each

1

1

     

6

Dividends

   

2024

 
   

£

 

Interim dividend of £1,500.00 per ordinary share

 

1,000

 
       

7

Related party transactions

 

Strathclyde Exteriors Ltd

Notes to the Unaudited Financial Statements for the Period from 21 August 2023 to 31 August 2024

Director's remuneration

The director's remuneration for the period was as follows:

2024
£

Remuneration

2,000

 

Strathclyde Exteriors Ltd

Detailed Profit and Loss Account for the Period from 21 August 2023 to 31 August 2024

21 August 2023 to 31 August 2024
 £

turnover (analysed below)

14,434

Cost of sales (analysed below)

(4,120)

Gross profit

10,314

Gross profit (%)

71.46%

Administrative expenses

Employment costs (analysed below)

(2,000)

Establishment costs (analysed below)

(2,134)

General administrative expenses (analysed below)

(4,680)

Finance charges (analysed below)

(140)

(8,954)

Operating profit

1,360

Profit before tax

1,360

 

Strathclyde Exteriors Ltd

Detailed Profit and Loss Account for the Period from 21 August 2023 to 31 August 2024

2024
£

 

Turnover

Sale of goods, UK

14,434

 

Cost of sales

Purchases

(4,120)

 

Employment costs

Directors remuneration

(2,000)

 

Establishment costs

Insurance

(1,822)

Use of home as office

(312)

(2,134)

 

General administrative expenses

Telephone and fax

(943)

Sundry expenses

(262)

Motor expenses

(2,148)

Travel and subsistence

(1,015)

Accountancy fees

(312)

(4,680)

 

Finance charges

Bank charges

(140)