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Company Registration No. SC453739 (Scotland)
Scotmax Ltd Unaudited accounts for the year ended 31 July 2024
Scotmax Ltd Unaudited accounts Contents
Page
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Scotmax Ltd Company Information for the year ended 31 July 2024
Directors
Mr Scott Kelly Mr Christopher Ronald
Company Number
SC453739 (Scotland)
Registered Office
15 Edison Street Hillington Park Glasgow G52 4JW
Accountants
McKinnon & Co Ltd ACPA 33 Newmarket Street Ayr Ayrshire KA7 1LL
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Scotmax Ltd Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
8,272 
10,340 
Current assets
Inventories
64,415 
58,860 
Debtors
23,895 
1,912 
Cash at bank and in hand
2,836 
1,711 
91,146 
62,483 
Creditors: amounts falling due within one year
(34,656)
(22,543)
Net current assets
56,490 
39,940 
Total assets less current liabilities
64,762 
50,280 
Creditors: amounts falling due after more than one year
(48,729)
(34,749)
Net assets
16,033 
15,531 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
15,933 
15,431 
Shareholders' funds
16,033 
15,531 
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 April 2025 and were signed on its behalf by
Mr Scott Kelly Director Company Registration No. SC453739
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Scotmax Ltd Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Scotmax Ltd is a private company, limited by shares, registered in Scotland, registration number SC453739. The registered office is 15 Edison Street, Hillington Park, Glasgow, G52 4JW.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
Reducing balance at 20%
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2023
4,370 
11,019 
15,389 
At 31 July 2024
4,370 
11,019 
15,389 
Depreciation
At 1 August 2023
2,845 
2,204 
5,049 
Charge for the year
305 
1,763 
2,068 
At 31 July 2024
3,150 
3,967 
7,117 
Net book value
At 31 July 2024
1,220 
7,052 
8,272 
At 31 July 2023
1,525 
8,815 
10,340 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
23,895 
- 
Other debtors
- 
1,912 
23,895 
1,912 
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Scotmax Ltd Notes to the Accounts for the year ended 31 July 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
7,910 
10,355 
Trade creditors
26,079 
12,033 
Taxes and social security
667 
1,249 
Loans from directors
- 
(1,094)
34,656 
22,543 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
17,475 
21,341 
Obligations under finance leases and hire purchase contracts
13,408 
13,408 
Loans from directors
17,846 
- 
48,729 
34,749 
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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