2023-06-01 SC302080 2024-05-31 SC302080 2023-06-01 2024-05-31 SC302080 2023-05-31 SC302080 2022-06-01 2023-05-31 SC302080 uk-core:WithinOneYear 2023-05-31 SC302080 uk-core:WithinOneYear 2024-05-31 SC302080 uk-core:ShareCapital 2024-05-31 SC302080 uk-core:ShareCapital 2023-05-31 SC302080 uk-core:RetainedEarningsAccumulatedLosses 2024-05-31 SC302080 uk-core:RetainedEarningsAccumulatedLosses 2023-05-31 SC302080 uk-bus:Director1 2023-06-01 2024-05-31 SC302080 uk-core:PlantMachinery 2023-06-01 2024-05-31 SC302080 uk-core:ToolsEquipment 2023-06-01 2024-05-31 SC302080 uk-core:ToolsEquipment 2023-05-31 SC302080 uk-core:PlantMachinery 2023-05-31 SC302080 uk-core:PlantMachinery 2024-05-31 SC302080 uk-core:ToolsEquipment 2024-05-31 iso4217:GBP xbrli:pure SC302080 uk-bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 SC302080 uk-bus:FRS102 2023-06-01 2024-05-31 SC302080 uk-bus:FilletedAccounts 2023-06-01 2024-05-31 SC302080 uk-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31
P & H Sandeman Limited
Registered Number:SC302080
For the year ended 31 May 2024
Scotland
Unaudited Financial Statements
2
For the year ended 31 May 2024
P & H Sandeman Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
SC302080
As at 31 May 2024
P & H Sandeman Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
20,953
24,650
2
20,953
24,650
Current assets
Inventories
86,349
83,290
3
Trade and other receivables
2,730
11,732
4
92,203
Cash and cash equivalents
108,343
203,365
181,282
Trade and other payables: amounts falling due within one year
(76,492)
(82,297)
5
104,790
121,068
Net current assets
Total assets less current liabilities
142,021
129,440
142,021
Net assets
129,440
Capital and reserves
Called up share capital
2
2
Retained earnings
142,019
129,438
142,021
129,440
Shareholders' funds
For the year ended 31 May 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 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 proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr P Sandeman Director
These financial statements were approved and authorised for issue by the Board on 13 March 2025 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 May 2024
P & H Sandeman Limited
Notes to the Financial Statements
Statutory Information
P & H Sandeman Limited is a private limited company, limited by shares, domiciled in Scotland, registration number SC302080.
Registered address:
Market Street
Forfar
Angus
DD8 3EQ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have
been prepared under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
15% Reducing balance
3 years Straight line
Computer software
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
2. Property, plant and equipment
Total
Computer software
Plant and
machinery
£
£
£
Cost or valuation
At 01 June 2023
70,832
6,123
64,709
At 31 May 2024
64,709
6,123
70,832
Provision for depreciation and impairment
At 01 June 2023
46,182
6,123
40,059
Charge for year
3,697
-
3,697
At 31 May 2024
49,879
6,123
43,756
At 31 May 2024
Net book value
20,953
-
20,953
At 31 May 2023
24,650
-
24,650
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5
For the year ended 31 May 2024
P & H Sandeman Limited
Notes to the Financial Statements Continued
3. Inventories
2023
2024
£
£
Stocks
83,290
86,349
4. Trade and other receivables
2023
2024
£
£
Trade debtors
11,732
2,730
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
9,765
7,737
Taxation and social security
17,322
15,024
Other creditors
55,210
53,731
82,297
76,492
6. Average number of persons employed
During the year the average number of employees was 2 (2023 : 2)
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