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REGISTERED NUMBER: SC511884 (Scotland)












Financial Statements for the Year Ended 30 June 2024

for

IRVINE ROTHNIE LTD

IRVINE ROTHNIE LTD (REGISTERED NUMBER: SC511884)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


IRVINE ROTHNIE LTD

Company Information
for the Year Ended 30 June 2024







DIRECTORS: I D Rothnie
L Rothnie





REGISTERED OFFICE: 12 Traill Drive
Montrose
Angus
DD10 8SW





REGISTERED NUMBER: SC511884 (Scotland)





ACCOUNTANTS: Account Tax Ltd
Chartered Certified Accountants
12 Traill Drive
Montrose
Angus
DD10 8SW

IRVINE ROTHNIE LTD (REGISTERED NUMBER: SC511884)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 102,127 103,512

CURRENT ASSETS
Debtors 5 165,041 170,071
Cash at bank 59,835 94,104
224,876 264,175
CREDITORS
Amounts falling due within one year 6 1,597 4,836
NET CURRENT ASSETS 223,279 259,339
TOTAL ASSETS LESS CURRENT
LIABILITIES

325,406

362,851

PROVISIONS FOR LIABILITIES 619 882
NET ASSETS 324,787 361,969

CAPITAL AND RESERVES
Called up share capital 6 6
Retained earnings 324,781 361,963
SHAREHOLDERS' FUNDS 324,787 361,969

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.

IRVINE ROTHNIE LTD (REGISTERED NUMBER: SC511884)

Balance Sheet - continued
30 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 February 2025 and were signed on its behalf by:





I D Rothnie - Director


IRVINE ROTHNIE LTD (REGISTERED NUMBER: SC511884)

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

1. STATUTORY INFORMATION

Irvine Rothnie 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.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost and 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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 material 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 ) .

IRVINE ROTHNIE LTD (REGISTERED NUMBER: SC511884)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 98,870 1,306 8,995 3,596 112,767
Additions - - - 2,090 2,090
Disposals - - (8,995 ) - (8,995 )
At 30 June 2024 98,870 1,306 - 5,686 105,862
DEPRECIATION
At 1 July 2023 - 317 6,862 2,076 9,255
Charge for year - 295 - 1,047 1,342
Eliminated on disposal - - (6,862 ) - (6,862 )
At 30 June 2024 - 612 - 3,123 3,735
NET BOOK VALUE
At 30 June 2024 98,870 694 - 2,563 102,127
At 30 June 2023 98,870 989 2,133 1,520 103,512

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 165,041 170,071

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 627 3,045
Other creditors 970 1,791
1,597 4,836

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £31,526 (2023 - £39,500) were paid to the directors .

The company was under the control of the directors, I D Rothnie and L Rothnie, throughout the current and previous year.

During the year the company repaid the directors net amounts totalling £803. As at 30 June 2024, included within other creditors, is a balance outstanding due to the directors of £0 (2023 - £803). No interest was paid on the funds advanced to the company.

The company has loaned money to EIL Rentals Ltd (a company owned and controlled by the directors). During the year £5,000 of the loan was repaid. As at 30 June 2024, included within other debtors, is a balance outstanding due to the company of £165,000 (2023 - £170,000). This is an interest free loan.