10 false false false false false false false false false false true false false false false false false No description of principal activity 2024-02-01 Sage Accounts Production Advanced 2024 - FRS102_2024 xbrli:pure xbrli:shares iso4217:GBP SC335909 2024-02-01 2025-01-31 SC335909 2025-01-31 SC335909 2024-01-31 SC335909 2023-02-01 2024-01-31 SC335909 2024-01-31 SC335909 2023-01-31 SC335909 core:LandBuildings core:LongLeaseholdAssets 2024-02-01 2025-01-31 SC335909 core:PlantMachinery 2024-02-01 2025-01-31 SC335909 core:MotorVehicles 2024-02-01 2025-01-31 SC335909 bus:Director1 2024-02-01 2025-01-31 SC335909 core:LandBuildings 2024-01-31 SC335909 core:PlantMachinery 2024-01-31 SC335909 core:MotorVehicles 2024-01-31 SC335909 core:LandBuildings 2025-01-31 SC335909 core:PlantMachinery 2025-01-31 SC335909 core:MotorVehicles 2025-01-31 SC335909 core:WithinOneYear 2025-01-31 SC335909 core:WithinOneYear 2024-01-31 SC335909 core:ShareCapital 2025-01-31 SC335909 core:ShareCapital 2024-01-31 SC335909 core:RetainedEarningsAccumulatedLosses 2025-01-31 SC335909 core:RetainedEarningsAccumulatedLosses 2024-01-31 SC335909 core:LandBuildings 2024-02-01 2025-01-31 SC335909 core:LandBuildings 2024-01-31 SC335909 core:PlantMachinery 2024-01-31 SC335909 core:MotorVehicles 2024-01-31 SC335909 bus:SmallEntities 2024-02-01 2025-01-31 SC335909 bus:AuditExemptWithAccountantsReport 2024-02-01 2025-01-31 SC335909 bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 SC335909 bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 SC335909 bus:FullAccounts 2024-02-01 2025-01-31
COMPANY REGISTRATION NUMBER: SC335909
Drum of Wartle Filling Station Ltd
Filleted Unaudited Financial Statements
31 January 2025
Drum of Wartle Filling Station Ltd
Statement of Financial Position
31 January 2025
2025
2024
Note
£
£
£
Fixed assets
Tangible assets
5
61,682
75,562
Current assets
Stocks
99,899
89,862
Debtors
6
65,334
50,934
Cash at bank and in hand
180,058
186,461
---------
---------
345,291
327,257
Creditors: amounts falling due within one year
7
76,589
114,990
---------
---------
Net current assets
268,702
212,267
---------
---------
Total assets less current liabilities
330,384
287,829
Provisions
Taxation including deferred tax
7,971
9,964
---------
---------
Net assets
322,413
277,865
---------
---------
Capital and reserves
Called up share capital
1
1
Profit and loss account
322,412
277,864
---------
---------
Shareholders funds
322,413
277,865
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Drum of Wartle Filling Station Ltd
Statement of Financial Position (continued)
31 January 2025
These financial statements were approved by the board of directors and authorised for issue on 31 March 2025 , and are signed on behalf of the board by:
Mr G Simpson
Director
Company registration number: SC335909
Drum of Wartle Filling Station Ltd
Notes to the Financial Statements
Year ended 31 January 2025
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is Braeside of Rothmaise, Colpy, Insch, AB52 6US.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Property imptovements
-
10% straight line
Equipment
-
20% reducing balance
Vehicles
-
20% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 10 (2024: 13 ).
5. Tangible assets
Land and buildings
Plant and machinery
Motor vehicles
Total
£
£
£
£
Cost
At 1 February 2024 and 31 January 2025
59,085
114,791
13,795
187,671
--------
---------
--------
---------
Depreciation
At 1 February 2024
23,380
76,786
11,943
112,109
Charge for the year
5,908
7,601
371
13,880
--------
---------
--------
---------
At 31 January 2025
29,288
84,387
12,314
125,989
--------
---------
--------
---------
Carrying amount
At 31 January 2025
29,797
30,404
1,481
61,682
--------
---------
--------
---------
At 31 January 2024
35,705
38,005
1,852
75,562
--------
---------
--------
---------
6. Debtors
2025
2024
£
£
Trade debtors
55,928
40,001
Other debtors
9,406
10,933
--------
--------
65,334
50,934
--------
--------
7. Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
25,338
25,939
Corporation tax
18,054
20,113
Social security and other taxes
16,831
23,372
Other creditors
16,366
45,566
--------
---------
76,589
114,990
--------
---------
8. Related party transactions
The company was under the control of Mr Garry Simpson throughout the current year. Mr Simpson is the managing director and sole shareholder. The company leases the business premises from Mr Simpson at an annual rent of £12,000.