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REGISTERED NUMBER: SC282098 (Scotland)















Financial Statements

for the Year Ended

30th June 2024

for

Angus Insulation Ltd.

Angus Insulation Ltd. (Registered number: SC282098)






Contents of the Financial Statements
for the Year Ended 30th June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 7

Angus Insulation Ltd.

Company Information
for the Year Ended 30th June 2024







DIRECTOR: Mr A Johnson





REGISTERED OFFICE: 33 River Street
Montrose
Angus
DD10 8DL





REGISTERED NUMBER: SC282098 (Scotland)





ACCOUNTANTS: AWH
Chartered Certified Accountants
Fort Street House
63 Fort Street
Broughty Ferry
Dundee
Angus
DD5 2AB

Angus Insulation Ltd. (Registered number: SC282098)

Balance Sheet
30th June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 35,081 26,340

CURRENT ASSETS
Stocks 500 500
Debtors 5 27,473 32,143
Cash at bank and in hand 3,127 10,618
31,100 43,261
CREDITORS
Amounts falling due within one year 6 32,915 30,186
NET CURRENT (LIABILITIES)/ASSETS (1,815 ) 13,075
TOTAL ASSETS LESS CURRENT
LIABILITIES

33,266

39,415

CREDITORS
Amounts falling due after more than one
year

7

36,417

34,556
NET (LIABILITIES)/ASSETS (3,151 ) 4,859

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (3,152 ) 4,858
SHAREHOLDERS' FUNDS (3,151 ) 4,859

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

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

Angus Insulation Ltd. (Registered number: SC282098)

Balance Sheet - continued
30th June 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 14th March 2025 and were signed by:





Mr A Johnson - Director


Angus Insulation Ltd. (Registered number: SC282098)

Notes to the Financial Statements
for the Year Ended 30th June 2024

1. STATUTORY INFORMATION

Angus Insulation 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.
Plant and machinery etc - 33% on cost and 20% on reducing balance

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

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 2 (2023 - 2 ) .

Angus Insulation Ltd. (Registered number: SC282098)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2024

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st July 2023 51,446 11,265 62,711
Additions 26,895 - 26,895
Disposals (18,329 ) - (18,329 )
At 30th June 2024 60,012 11,265 71,277
DEPRECIATION
At 1st July 2023 25,106 11,265 36,371
Charge for year 8,770 - 8,770
Eliminated on disposal (8,945 ) - (8,945 )
At 30th June 2024 24,931 11,265 36,196
NET BOOK VALUE
At 30th June 2024 35,081 - 35,081
At 30th June 2023 26,340 - 26,340

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 20,225 24,959
Other debtors 7,248 7,184
27,473 32,143

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 7,165 -
Hire purchase contracts 13,049 12,006
Trade creditors 15,739 12,550
Taxation and social security (10,904 ) (473 )
Other creditors 7,866 6,103
32,915 30,186

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 13,310 15,625
Hire purchase contracts 23,107 15,806
Other creditors - 3,125
36,417 34,556

Angus Insulation Ltd. (Registered number: SC282098)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
30.6.24 30.6.23
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Debentures more 5yr non-instal - 3,125

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mr A Johnson.

Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
Angus Insulation 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.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Angus Insulation Ltd. for the year ended 30th June 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Angus Insulation Ltd. in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Angus Insulation Ltd. and state those matters that we have agreed to state to the director of Angus Insulation Ltd. in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Angus Insulation Ltd. has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Angus Insulation Ltd.. You consider that Angus Insulation Ltd. is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Angus Insulation 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 financial statements.






AWH
Chartered Certified Accountants
Fort Street House
63 Fort Street
Broughty Ferry
Dundee
Angus
DD5 2AB


14th March 2025