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REGISTERED NUMBER: SC206655 (Scotland)















Financial Statements for the Year Ended 30 April 2024

for

Savoch Hire Limited

Savoch Hire Limited (Registered number: SC206655)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Savoch Hire Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: B Brebner
R B Brebner





SECRETARY: Brown and McRae





REGISTERED OFFICE: Anderson House
9 - 11 Frithside Street
Fraserburgh
Aberdeenshire
AB43 9AB





REGISTERED NUMBER: SC206655 (Scotland)





ACCOUNTANT: James S. Lessells
Middle Third
Strichen
Fraserburgh
AB43 6RJ

Savoch Hire Limited (Registered number: SC206655)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 297,599 298,207

CURRENT ASSETS
Stocks 10,000 -
Debtors 5 103,902 110,453
Cash at bank 58,690 5,266
172,592 115,719
CREDITORS
Amounts falling due within one year 6 215,824 202,290
NET CURRENT LIABILITIES (43,232 ) (86,571 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

254,367

211,636

CREDITORS
Amounts falling due after more than one
year

7

118,149

95,564
NET ASSETS 136,218 116,072

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 136,214 116,068
SHAREHOLDERS' FUNDS 136,218 116,072

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

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

Savoch Hire Limited (Registered number: SC206655)

Balance Sheet - continued
30 April 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 Board of Directors and authorised for issue on 10 April 2025 and were signed on its behalf by:





R B Brebner - Director


Savoch Hire Limited (Registered number: SC206655)

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

1. STATUTORY INFORMATION

Savoch Hire 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on reducing balance, 25% on reducing balance, 15% on reducing balance and at varying rates 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Savoch Hire Limited (Registered number: SC206655)

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

2. ACCOUNTING POLICIES - continued

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 6 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 694,501
Additions 190,000
Disposals (225,500 )
At 30 April 2024 659,001
DEPRECIATION
At 1 May 2023 396,294
Charge for year 37,358
Eliminated on disposal (72,250 )
At 30 April 2024 361,402
NET BOOK VALUE
At 30 April 2024 297,599
At 30 April 2023 298,207

Savoch Hire Limited (Registered number: SC206655)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 May 2023 386,250
Additions 177,500
Disposals (225,500 )
At 30 April 2024 338,250
DEPRECIATION
At 1 May 2023 145,649
Charge for year 20,650
Eliminated on disposal (72,250 )
At 30 April 2024 94,049
NET BOOK VALUE
At 30 April 2024 244,201
At 30 April 2023 240,601

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 69,139 93,820
Amounts receivable in respect of hire
purchase contracts

34,763

16,633
103,902 110,453

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Hire purchase contracts 83,597 61,810
Trade creditors 34,569 55,392
Taxation and social security 36,009 21,646
Other creditors 61,649 63,442
215,824 202,290

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 21,012 31,012
Hire purchase contracts 97,137 64,552
118,149 95,564