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REGISTERED NUMBER: SC462179 (Scotland)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

RONAN CUNNINGHAM MONUMENTAL SCULPTOR
LIMITED

RONAN CUNNINGHAM MONUMENTAL SCULPTOR
LIMITED (REGISTERED NUMBER: SC462179)






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


RONAN CUNNINGHAM MONUMENTAL SCULPTOR
LIMITED

COMPANY INFORMATION
for the year ended 31 October 2024







DIRECTORS: Mr R Cunningham
Mrs D Cunningham





REGISTERED OFFICE: 31 Oaktree Gardens
Sauchie
Clackmannanshire
FK10 3FH





REGISTERED NUMBER: SC462179 (Scotland)





ACCOUNTANTS: Haines Watts
Business Advisors and Accountants
Q Court
3 Quality Street
Edinburgh
EH4 5BP

RONAN CUNNINGHAM MONUMENTAL SCULPTOR
LIMITED (REGISTERED NUMBER: SC462179)

BALANCE SHEET
31 October 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 6,889 12,536
6,889 12,536

CURRENT ASSETS
Stocks 6 200 650
Debtors 7 12,541 11,410
Cash at bank 28,782 46,314
41,523 58,374
CREDITORS: AMOUNTS FALLING
DUE WITHIN ONE YEAR

8

19,269

32,866
NET CURRENT ASSETS 22,254 25,508
TOTAL ASSETS LESS CURRENT
LIABILITIES

29,143

38,044

CREDITORS: AMOUNTS FALLING
DUE AFTER MORE THAN ONE YEAR

9

(2,359

)

(4,200

)

PROVISIONS FOR LIABILITIES 10 (1,309 ) (2,650 )
NET ASSETS 25,475 31,194

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 25,375 31,094
SHAREHOLDERS' FUNDS 25,475 31,194

RONAN CUNNINGHAM MONUMENTAL SCULPTOR
LIMITED (REGISTERED NUMBER: SC462179)

BALANCE SHEET - continued
31 October 2024


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.

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 18 April 2025 and were signed on its behalf by:





Mr R Cunningham - Director


RONAN CUNNINGHAM MONUMENTAL SCULPTOR
LIMITED (REGISTERED NUMBER: SC462179)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 October 2024

1. STATUTORY INFORMATION

Ronan Cunningham Monumental Sculptor 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
The turnover shown in the profit and loss account represents amounts invoiced during the year for renovation services, exclusive of Value Added Tax.

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of the business in 2013, has been 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 the cost less estimated residual value of 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 - 25% per annum on cost
Motor vehicles - 25% per annum on cost
Computer equipment - 25% per annum on cost

At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

RONAN CUNNINGHAM MONUMENTAL SCULPTOR
LIMITED (REGISTERED NUMBER: SC462179)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2024

2. ACCOUNTING POLICIES - continued

FINANCIAL INSTRUMENTS
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument subsequently at amortised cost.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

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.

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.

RONAN CUNNINGHAM MONUMENTAL SCULPTOR
LIMITED (REGISTERED NUMBER: SC462179)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 20,000
AMORTISATION
At 1 November 2023
and 31 October 2024 20,000
NET BOOK VALUE
At 31 October 2024 -
At 31 October 2023 -

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2023
and 31 October 2024 3,737 19,441 1,639 24,817
DEPRECIATION
At 1 November 2023 1,855 9,321 1,105 12,281
Charge for year 623 4,860 164 5,647
At 31 October 2024 2,478 14,181 1,269 17,928
NET BOOK VALUE
At 31 October 2024 1,259 5,260 370 6,889
At 31 October 2023 1,882 10,120 534 12,536

RONAN CUNNINGHAM MONUMENTAL SCULPTOR
LIMITED (REGISTERED NUMBER: SC462179)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 November 2023
and 31 October 2024 19,441
DEPRECIATION
At 1 November 2023 9,321
Charge for year 4,860
At 31 October 2024 14,181
NET BOOK VALUE
At 31 October 2024 5,260
At 31 October 2023 10,120

6. STOCKS
2024 2023
£    £   
Stocks 200 650

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 11,921 10,868
Other debtors 620 542
12,541 11,410

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 1,840 1,687
Trade creditors - 94
Taxation and social security 12,848 20,247
Other creditors 4,581 10,838
19,269 32,866

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 2,359 4,200

RONAN CUNNINGHAM MONUMENTAL SCULPTOR
LIMITED (REGISTERED NUMBER: SC462179)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2024

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 1,309 2,650

Deferred
tax
£   
Balance at 1 November 2023 2,650
Credit to Statement of Income and Retained Earnings during year (1,341 )
Balance at 31 October 2024 1,309

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
Mrs D Cunningham and Mr R Cunningham
Balance outstanding at start of year (9,030 ) (15,238 )
Amounts advanced 68,972 64,712
Amounts repaid (62,619 ) (58,504 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (2,677 ) (9,030 )

Interest is charged on this loan at 2.25% per annum on balances over £10,000. No fixed terms of repayment have been agreed.