IRIS Accounts Production v24.3.2.46 SC345157 Board of Directors 1.11.23 31.10.24 31.10.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC3451572023-10-31SC3451572024-10-31SC3451572023-11-012024-10-31SC3451572022-10-31SC3451572022-11-012023-10-31SC3451572023-10-31SC345157ns15:Scotland2023-11-012024-10-31SC345157ns14:PoundSterling2023-11-012024-10-31SC345157ns10:Director12023-11-012024-10-31SC345157ns10:PrivateLimitedCompanyLtd2023-11-012024-10-31SC345157ns10:SmallEntities2023-11-012024-10-31SC345157ns10:AuditExempt-NoAccountantsReport2023-11-012024-10-31SC345157ns10:SmallCompaniesRegimeForDirectorsReport2023-11-012024-10-31SC345157ns10:SmallCompaniesRegimeForAccounts2023-11-012024-10-31SC345157ns10:FullAccounts2023-11-012024-10-31SC34515712023-11-012024-10-31SC345157ns10:Director22023-11-012024-10-31SC345157ns10:RegisteredOffice2023-11-012024-10-31SC345157ns5:CurrentFinancialInstruments2024-10-31SC345157ns5:CurrentFinancialInstruments2023-10-31SC345157ns5:ShareCapital2024-10-31SC345157ns5:ShareCapital2023-10-31SC345157ns5:RetainedEarningsAccumulatedLosses2024-10-31SC345157ns5:RetainedEarningsAccumulatedLosses2023-10-31SC345157ns5:NetGoodwill2023-11-012024-10-31SC345157ns5:IntangibleAssetsOtherThanGoodwill2023-11-012024-10-31SC345157ns5:ComputerSoftware2023-11-012024-10-31SC345157ns5:FurnitureFittings2023-11-012024-10-31SC345157ns5:ComputerEquipment2023-11-012024-10-31SC345157ns5:NetGoodwill2023-10-31SC345157ns5:ComputerSoftware2023-10-31SC345157ns5:NetGoodwill2024-10-31SC345157ns5:ComputerSoftware2024-10-31SC345157ns5:NetGoodwill2023-10-31SC345157ns5:ComputerSoftware2023-10-31SC345157ns5:FurnitureFittings2023-10-31SC345157ns5:ComputerEquipment2023-10-31SC345157ns5:FurnitureFittings2024-10-31SC345157ns5:ComputerEquipment2024-10-31SC345157ns5:FurnitureFittings2023-10-31SC345157ns5:ComputerEquipment2023-10-31SC345157ns5:WithinOneYearns5:CurrentFinancialInstruments2024-10-31SC345157ns5:WithinOneYearns5:CurrentFinancialInstruments2023-10-31SC3451571ns10:Director12023-10-31SC3451571ns10:Director12022-10-31SC3451571ns10:Director12023-11-012024-10-31SC3451571ns10:Director12022-11-012023-10-31SC3451571ns10:Director12024-10-31SC3451571ns10:Director12023-10-31SC345157ns10:Director222023-10-31SC345157ns10:Director222022-10-31SC345157ns10:Director222023-11-012024-10-31SC345157ns10:Director222022-11-012023-10-31SC345157ns10:Director222024-10-31SC345157ns10:Director222023-10-31
REGISTERED NUMBER: SC345157 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 October 2024

for

Scott Gilmour Limited

Scott Gilmour Limited (Registered number: SC345157)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Scott Gilmour Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: Mr S Gilmour
Mrs M J Gilmour





REGISTERED OFFICE: Unit 5
The Courtyard
Cults
Aberdeen
AB15 9SD





REGISTERED NUMBER: SC345157 (Scotland)





ACCOUNTANTS: SBP
Accountants
42 Queens Road
Aberdeen
AB15 4YE

Scott Gilmour Limited (Registered number: SC345157)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 450 1,050
Tangible assets 5 45,782 56,854
Investments 6 2,058 2,058
48,290 59,962

CURRENT ASSETS
Stocks 72,265 78,738
Debtors 7 24,539 18,822
Cash at bank and in hand 205,702 225,645
302,506 323,205
CREDITORS
Amounts falling due within one year 8 87,566 101,366
NET CURRENT ASSETS 214,940 221,839
TOTAL ASSETS LESS CURRENT
LIABILITIES

263,230

281,801

PROVISIONS FOR LIABILITIES 10,501 11,746
NET ASSETS 252,729 270,055

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 252,727 270,053
252,729 270,055

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Scott Gilmour Limited (Registered number: SC345157)

Balance Sheet - continued
31 October 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 March 2025 and were signed on its behalf by:





Mr S Gilmour - Director


Scott Gilmour Limited (Registered number: SC345157)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Scott Gilmour 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 2008, is being amortised evenly over its estimated useful life of ten 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.

Computer software is being amortised evenly over its estimated useful life of five years.

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 - 20% on reducing balance
Computer equipment - 33% 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 Statement of Income and Retained Earnings, 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.

Scott Gilmour Limited (Registered number: SC345157)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

2. ACCOUNTING POLICIES - continued

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 11 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Computer
Goodwill software Totals
£    £    £   
COST
At 1 November 2023
and 31 October 2024 230,000 3,000 233,000
AMORTISATION
At 1 November 2023 230,000 1,950 231,950
Amortisation for year - 600 600
At 31 October 2024 230,000 2,550 232,550
NET BOOK VALUE
At 31 October 2024 - 450 450
At 31 October 2023 - 1,050 1,050

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 November 2023 198,357 21,742 220,099
Additions 562 365 927
At 31 October 2024 198,919 22,107 221,026
DEPRECIATION
At 1 November 2023 142,666 20,579 163,245
Charge for year 11,324 675 11,999
At 31 October 2024 153,990 21,254 175,244
NET BOOK VALUE
At 31 October 2024 44,929 853 45,782
At 31 October 2023 55,691 1,163 56,854

Scott Gilmour Limited (Registered number: SC345157)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

6. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
31.10.24 31.10.23
£    £   
Other investments 2,058 2,058

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Other debtors 24,539 18,822

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade creditors 34,994 53,682
Taxation and social security 34,889 33,986
Other creditors 17,683 13,698
87,566 101,366

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2024 and 31 October 2023:

31.10.24 31.10.23
£    £   
Mr S Gilmour
Balance outstanding at start of year (2 ) (2 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (2 ) (2 )

Mrs M J Gilmour
Balance outstanding at start of year (3 ) (3 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (3 ) (3 )

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the directors.