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REGISTERED NUMBER: SC293470 (Scotland)















Unaudited Financial Statements for the Year Ended 30 November 2024

for

Sutherland Arms Garage Ltd.

Sutherland Arms Garage Ltd. (Registered number: SC293470)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Sutherland Arms Garage Ltd.

Company Information
for the Year Ended 30 November 2024







DIRECTORS: Mrs C McQueen
G A McQueen





SECRETARY: Mrs C McQueen





REGISTERED OFFICE: Victoria Road
Brora
Sutherland
KW9 6QN





REGISTERED NUMBER: SC293470 (Scotland)





ACCOUNTANTS: Mackay & Co
Chartered Accountants
Unit 8
Golspie Business Park
Golspie
Sutherland
KW10 6UB

Sutherland Arms Garage Ltd. (Registered number: SC293470)

Abridged Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 261,608 312,141

CURRENT ASSETS
Stocks 38,794 45,785
Debtors 31,446 48,775
Cash at bank and in hand 128,614 173,387
198,854 267,947
CREDITORS
Amounts falling due within one year 220,962 396,326
NET CURRENT LIABILITIES (22,108 ) (128,379 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

239,500

183,762

PROVISIONS FOR LIABILITIES 17,630 25,279
NET ASSETS 221,870 158,483

CAPITAL AND RESERVES
Called up share capital 2 2
Other reserves 30,000 30,000
Retained earnings 191,868 128,481
SHAREHOLDERS' FUNDS 221,870 158,483

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

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

Sutherland Arms Garage Ltd. (Registered number: SC293470)

Abridged Balance Sheet - continued
30 November 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 November 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 27 March 2025 and were signed on its behalf by:




Mrs C McQueen - Director



G A McQueen - Director


Sutherland Arms Garage Ltd. (Registered number: SC293470)

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

1. STATUTORY INFORMATION

Sutherland Arms Garage 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.
Land and buildings - 2.5% on cost
Plant and machinery etc - 10% on reducing balance

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.

Sutherland Arms Garage Ltd. (Registered number: SC293470)

Notes to the Financial Statements - continued
for the Year Ended 30 November 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 19 (2023 - 38 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2023 603,746
Additions 3,637
Disposals (68,796 )
At 30 November 2024 538,587
DEPRECIATION
At 1 December 2023 291,605
Charge for year 18,617
Eliminated on disposal (33,243 )
At 30 November 2024 276,979
NET BOOK VALUE
At 30 November 2024 261,608
At 30 November 2023 312,141