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REGISTERED NUMBER: SC366743 (Scotland)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

G Spratt Accountancy Limited

G Spratt Accountancy Limited (Registered number: SC366743)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


G Spratt Accountancy Limited

Company Information
for the Year Ended 30 September 2024







DIRECTOR: P A Ronan





SECRETARY: Mrs S H C Ronan





REGISTERED OFFICE: Abbeylands
20 High Street
Dunbar
East Lothian
EH42 1EH





REGISTERED NUMBER: SC366743 (Scotland)





ACCOUNTANTS: G Spratt Accountancy Ltd
Abbeylands
High Street
Dunbar
East Lothian
EH42 1EH

G Spratt Accountancy Limited (Registered number: SC366743)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 330,000 330,000
Tangible assets 5 33,363 45,680
363,363 375,680

CURRENT ASSETS
Stocks 10,900 19,600
Debtors 6 25,942 27,820
Cash at bank and in hand 2,308 7,947
39,150 55,367
CREDITORS
Amounts falling due within one year 7 94,954 92,359
NET CURRENT LIABILITIES (55,804 ) (36,992 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

307,559

338,688

CREDITORS
Amounts falling due after more than one year 8 146,085 185,423
NET ASSETS 161,474 153,265

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Revaluation reserve 9 170,500 170,500
Retained earnings (10,026 ) (18,235 )
SHAREHOLDERS' FUNDS 161,474 153,265

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

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

G Spratt Accountancy Limited (Registered number: SC366743)

Balance Sheet - continued
30 September 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 20 March 2025 and were signed by:





P A Ronan - Director


G Spratt Accountancy Limited (Registered number: SC366743)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

G Spratt Accountancy Limited 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on reducing balance and 20% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


G Spratt Accountancy Limited (Registered number: SC366743)

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

2. ACCOUNTING POLICIES - continued
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 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 460,500
AMORTISATION
At 1 October 2023
and 30 September 2024 130,500
NET BOOK VALUE
At 30 September 2024 330,000
At 30 September 2023 330,000

G Spratt Accountancy Limited (Registered number: SC366743)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 108,966
Additions 2,088
At 30 September 2024 111,054
DEPRECIATION
At 1 October 2023 63,286
Charge for year 14,405
At 30 September 2024 77,691
NET BOOK VALUE
At 30 September 2024 33,363
At 30 September 2023 45,680

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 25,942 27,820

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 74,708 73,288
Hire purchase contracts 8,214 8,214
Trade creditors 961 -
Taxation and social security 11,071 10,857
94,954 92,359

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans 46,387 56,345
Hire purchase contracts 24,642 32,856
Other creditors 75,056 96,222
146,085 185,423

G Spratt Accountancy Limited (Registered number: SC366743)

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

9. RESERVES
Revaluation
reserve
£   
At 1 October 2023
and 30 September 2024 170,500