Company Registration No. SC700738 (Scotland)
Tyninghame Sawmill Ltd
Unaudited accounts
for the year ended 30 June 2024
Tyninghame Sawmill Ltd
Unaudited accounts
Contents
Tyninghame Sawmill Ltd
Company Information
for the year ended 30 June 2024
Company Number
SC700738 (Scotland)
Registered Office
Limetree Walk
East Lodge Tyninghame
Dunbar
EH42 1XW
Accountants
GF Accountancy Services Ltd
4 Rowanhill Way
Port Seton
East Lothian
EH32 0SZ
Tyninghame Sawmill Ltd
Statement of financial position
as at 30 June 2024
Intangible assets
6,064
9,096
Tangible assets
79,372
86,176
Cash at bank and in hand
337,824
302,600
Creditors: amounts falling due within one year
(112,385)
(102,584)
Net current assets
282,834
249,403
Total assets less current liabilities
368,270
344,675
Creditors: amounts falling due after more than one year
(139,104)
(144,035)
Provisions for liabilities
Deferred tax
(15,081)
(14,779)
Net assets
214,085
185,861
Called up share capital
100
100
Profit and loss account
213,985
185,761
Shareholders' funds
214,085
185,861
For the year ending 30 June 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 and authorised for issue on 18 March 2025 and were signed on its behalf by
Mr S Brown
Director
Company Registration No. SC700738
Tyninghame Sawmill Ltd
Notes to the Accounts
for the year ended 30 June 2024
Tyninghame Sawmill Ltd is a private company, limited by shares, registered in Scotland, registration number SC700738. The registered office is Limetree Walk , East Lodge Tyninghame, Dunbar, EH42 1XW.
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
20% Straight Line
Motor vehicles
20% Straight Line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. This has been amortised on a straight line basis of 20%.
4
Intangible fixed assets
Total
Tyninghame Sawmill Ltd
Notes to the Accounts
for the year ended 30 June 2024
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Tangible fixed assets
Total
Charge for the year
30,804
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
(144,035)
-
(4,931)
(139,104)
(144,035)
-
(4,931)
(139,104)
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Transactions with related parties
The company was under the control of Mr S Brown throughout the current and previous year. Mr S Brown is the managing director and majority shareholder.
At the start of the year the company owed Mr S Brown an amount of £144,035. During this year the company repaid Mr S Brown a total of £4,931. At the end of the year the company owed Mr S Brown an amount of £139,104.
This amount is included in creditors over one year. No interest was charged on this loan and there is no fixed date for repayment.
8
Average number of employees
During the year the average number of employees was 4 (2023: 4).