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REGISTERED NUMBER: SC480263 (Scotland)















Nutac Ltd

Financial Statements For The Year Ended 30 June 2024






Nutac Ltd (Registered number: SC480263)






Contents of the Financial Statements
For The Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Nutac Ltd

Company Information
For The Year Ended 30 June 2024







DIRECTORS: Mrs T A Carpenter
Mr N Carpenter
Mr J D Carpenter
Ms E Carpenter



REGISTERED OFFICE: Starrywell
Rafford
Forres
Moray
IV36 2SJ



REGISTERED NUMBER: SC480263 (Scotland)



ACCOUNTANTS: The Long Partnership
4 North Guildry Street
Elgin
Moray
IV30 1JR



BANKERS: The Royal Bank of Scotland
Cartsdkye Avenue
Cartsburn East
Greenock
PA15 1EF

Nutac Ltd (Registered number: SC480263)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 36,751 48,867

CURRENT ASSETS
Stocks 19,670 25,350
Debtors 5 731 596
Cash at bank 12,323 20,993
32,724 46,939
CREDITORS
Amounts falling due within one year 6 25,303 26,664
NET CURRENT ASSETS 7,421 20,275
TOTAL ASSETS LESS CURRENT
LIABILITIES

44,172

69,142

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 44,072 69,042
SHAREHOLDERS' FUNDS 44,172 69,142

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 20 March 2025 and were signed on its behalf by:





Mr N Carpenter - Director


Nutac Ltd (Registered number: SC480263)

Notes to the Financial Statements
For The Year Ended 30 June 2024

1. STATUTORY INFORMATION

Nutac 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.
Equipment - 33% on cost, 25% on reducing balance and 10% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Nutac Ltd (Registered number: SC480263)

Notes to the Financial Statements - continued
For The Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
Equipment fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 62,672 10,048 30,591 3,121 106,432
Disposals - - - (1,214 ) (1,214 )
At 30 June 2024 62,672 10,048 30,591 1,907 105,218
DEPRECIATION
At 1 July 2023 46,264 5,624 2,556 3,121 57,565
Charge for year 4,102 1,005 7,009 - 12,116
Eliminated on disposal - - - (1,214 ) (1,214 )
At 30 June 2024 50,366 6,629 9,565 1,907 68,467
NET BOOK VALUE
At 30 June 2024 12,306 3,419 21,026 - 36,751
At 30 June 2023 16,408 4,424 28,035 - 48,867

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 100 190
Other debtors 631 406
731 596

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other creditors 25,303 26,664

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
50 Ordinary 1 50 50
50 A Ordinary 1 50 50
100 100

Nutac Ltd (Registered number: SC480263)

Notes to the Financial Statements - continued
For The Year Ended 30 June 2024

8. RESERVES
Retained
earnings
£   

At 1 July 2023 69,042
Deficit for the year (24,970 )
At 30 June 2024 44,072

9. RELATED PARTY DISCLOSURES

At 30 June 2023 the company owed the directors £24,773. During the year the company met expenses on behalf of the directors totalling £200. At 30 June 2024 the company owed the directors £24,573. This loan is interest free and has no fixed terms of repayment.