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REGISTERED NUMBER: SC705399 (Scotland)















Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 July 2024

for

Rosehall Garage Shotts Ltd

Rosehall Garage Shotts Ltd (Registered number: SC705399)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


Rosehall Garage Shotts Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTORS: V Brown
J Brown





SECRETARY:





REGISTERED OFFICE: 191 Station Road
Shotts
North Lanarkshire
ML7 4BA





REGISTERED NUMBER: SC705399 (Scotland)





ACCOUNTANTS: EAC Accountancy Limited
191 Station Road
Shotts
North Lanarkshire
ML7 4BA

Rosehall Garage Shotts Ltd (Registered number: SC705399)

Report of the Directors
for the Year Ended 31 July 2024

The directors present their report with the financial statements of the company for the year ended 31 July 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of vehicle repair and maintenance.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 August 2023 to the date of this report.

V Brown
J Brown

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





V Brown - Director


6 March 2025

Rosehall Garage Shotts Ltd (Registered number: SC705399)

Income Statement
for the Year Ended 31 July 2024

31.7.24 31.7.23
Notes £    £   

TURNOVER 320,990 320,529

Cost of sales 206,114 212,013
GROSS PROFIT 114,876 108,516

Administrative expenses 63,898 50,808
OPERATING PROFIT 4 50,978 57,708


Interest payable and similar
expenses

857

983
PROFIT BEFORE TAXATION 50,121 56,725

Tax on profit 9,523 10,778
PROFIT FOR THE FINANCIAL YEAR 40,598 45,947

Rosehall Garage Shotts Ltd (Registered number: SC705399)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 50,892 41,923

CURRENT ASSETS
Stocks 11,294 8,933
Debtors 6 3,807 3,268
Cash at bank 51,324 36,761
66,425 48,962
CREDITORS
Amounts falling due within one year 7 46,682 37,385
NET CURRENT ASSETS 19,743 11,577
TOTAL ASSETS LESS CURRENT
LIABILITIES

70,635

53,500

CREDITORS
Amounts falling due after more than
one year

8

(17,031

)

(38,952

)

PROVISIONS FOR LIABILITIES (9,670 ) (7,966 )
NET ASSETS 43,934 6,582

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 43,932 6,580
43,934 6,582

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

Rosehall Garage Shotts Ltd (Registered number: SC705399)

Balance Sheet - continued
31 July 2024


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 6 March 2025 and were signed on its behalf by:





J Brown - Director


Rosehall Garage Shotts Ltd (Registered number: SC705399)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Rosehall Garage Shotts Ltd 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.

25% Reducing Balance

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.

Rosehall Garage Shotts Ltd (Registered number: SC705399)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

3. EMPLOYEES AND DIRECTORS

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

4. OPERATING PROFIT

The operating profit is stated after charging:

31.7.24 31.7.23
£    £   
Depreciation - owned assets 16,963 13,974

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023 65,466
Additions 46,325
Disposals (27,191 )
At 31 July 2024 84,600
DEPRECIATION
At 1 August 2023 23,543
Charge for year 16,963
Eliminated on disposal (6,798 )
At 31 July 2024 33,708
NET BOOK VALUE
At 31 July 2024 50,892
At 31 July 2023 41,923

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 3,807 3,268

Rosehall Garage Shotts Ltd (Registered number: SC705399)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 9,918 9,666
Hire purchase contracts 5,000 -
Trade creditors 13,287 11,057
Taxation and social security 15,877 14,262
Other creditors 2,600 2,400
46,682 37,385

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans 13,281 23,452
Hire purchase contracts 3,750 -
Other creditors - 15,500
17,031 38,952