Scotia NDT Group Limited 09750560 false 2023-08-30 2024-10-31 2024-10-31 The principal activity of the company is the provision of non-destructive testing services. Digita Accounts Production Advanced 6.30.9574.0 true true 09750560 2023-08-30 2024-10-31 09750560 2024-10-31 09750560 bus:Director1 1 2024-10-31 09750560 core:RetainedEarningsAccumulatedLosses 2024-10-31 09750560 core:ShareCapital 2024-10-31 09750560 core:CurrentFinancialInstruments 2024-10-31 09750560 core:CurrentFinancialInstruments core:WithinOneYear 2024-10-31 09750560 bus:SmallEntities 2023-08-30 2024-10-31 09750560 bus:AuditExemptWithAccountantsReport 2023-08-30 2024-10-31 09750560 bus:FilletedAccounts 2023-08-30 2024-10-31 09750560 bus:SmallCompaniesRegimeForAccounts 2023-08-30 2024-10-31 09750560 bus:RegisteredOffice 2023-08-30 2024-10-31 09750560 bus:Director1 2023-08-30 2024-10-31 09750560 bus:Director1 1 2023-08-30 2024-10-31 09750560 bus:Director2 2023-08-30 2024-10-31 09750560 bus:PrivateLimitedCompanyLtd 2023-08-30 2024-10-31 09750560 bus:Agent1 2023-08-30 2024-10-31 09750560 countries:EnglandWales 2023-08-30 2024-10-31 09750560 bus:Director1 1 2023-08-29 09750560 2022-08-31 2023-08-29 09750560 2023-08-29 09750560 bus:Director1 1 2023-08-29 09750560 core:RetainedEarningsAccumulatedLosses 2023-08-29 09750560 core:ShareCapital 2023-08-29 09750560 core:CurrentFinancialInstruments 2023-08-29 09750560 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-29 09750560 bus:Director1 1 2022-08-31 2023-08-29 09750560 bus:Director1 1 2022-08-30 iso4217:GBP xbrli:pure

Registration number: 09750560

Scotia NDT Group Limited

Unaudited Filleted Financial Statements

for the Period from 30 August 2023 to 31 October 2024

 

Scotia NDT Group Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 6

 

Scotia NDT Group Limited

Company Information

Directors

Mr A W Lambie

Mrs C J Lambie

Registered office

1 Bond Street
Colne
Lancashire
BB8 9DG

Accountants

Hargreaves Brown & Benson
Chartered Accountants
1 Bond Street
Colne
Lancashire
BB8 9DG

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Scotia NDT Group Limited
for the Period Ended 31 October 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Scotia NDT Group Limited for the period ended 31 October 2024 as set out on pages 3 to 6 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Scotia NDT Group Limited, as a body. Our work has been undertaken solely to prepare for your approval the accounts of Scotia NDT Group Limited and state those matters that we have agreed to state to the Board of Directors of Scotia NDT Group Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Scotia NDT Group Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Scotia NDT Group Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Scotia NDT Group Limited. You consider that Scotia NDT Group Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Scotia NDT Group Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Hargreaves Brown & Benson
Chartered Accountants
1 Bond Street
Colne
Lancashire
BB8 9DG

24 April 2025

 

Scotia NDT Group Limited

(Registration number: 09750560)
Balance Sheet as at 31 October 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

3,726

11,459

Cash at bank and in hand

 

4,668

7,704

 

8,394

19,163

Creditors: Amounts falling due within one year

5

(11,689)

(6,569)

Net (liabilities)/assets

 

(3,295)

12,594

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(3,395)

12,494

Shareholders' (deficit)/funds

 

(3,295)

12,594

For the financial period ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 24 April 2025 and signed on its behalf by:
 

.........................................
Mr A W Lambie
Director

 

Scotia NDT Group Limited

Notes to the Unaudited Financial Statements for the Period from 30 August 2023 to 31 October 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
1 Bond Street
Colne
Lancashire
BB8 9DG

The principal place of business is:
Unit 10 B
Silverlaw Industrial Estate
Annan
DG12 5EQ

These financial statements were authorised for issue by the Board on 24 April 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Scotia NDT Group Limited

Notes to the Unaudited Financial Statements for the Period from 30 August 2023 to 31 October 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period was 2 (2023 - 2).

4

Debtors

2024
£

2023
£

Prepayments

-

705

Other debtors

3,726

10,754

3,726

11,459

 

Scotia NDT Group Limited

Notes to the Unaudited Financial Statements for the Period from 30 August 2023 to 31 October 2024

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

-

4,919

Accruals and deferred income

2,255

1,650

Other creditors

9,434

-

11,689

6,569

6

Related party transactions

Transactions with directors

2024

At 30 August 2023
£

Advances to director
£

Repayments by director
£

At 31 October 2024
£

Mr A W Lambie

Repayable on demand; interest charged at the official rate

9,334

67,136

(85,904)

(9,434)

2023

At 31 August 2022
£

Advances to director
£

Repayments by director
£

At 29 August 2023
£

Mr A W Lambie

Repayable on demand; interest charged at the official rate

(1,638)

18,972

(8,000)

9,334