1 June 2023 false No description of principal activity Taxfiler 2024.6 SC535526business:PrivateLimitedCompanyLtd2023-06-012024-05-31 SC5355262023-05-31 SC5355262023-06-012024-05-31 SC535526business:AuditExempt-NoAccountantsReport2023-06-012024-05-31 SC535526business:FilletedAccounts2023-06-012024-05-31 SC5355262024-05-31 SC5355262023-05-31 SC535526core:WithinOneYear2024-05-31 SC535526core:WithinOneYear2023-05-31 SC535526core:AfterOneYear2024-05-31 SC535526core:AfterOneYear2023-05-31 SC535526core:ShareCapitalcore:PreviouslyStatedAmount2024-05-31 SC535526core:ShareCapitalcore:PreviouslyStatedAmount2023-05-31 SC535526core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-05-31 SC535526core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-05-31 SC535526core:PreviouslyStatedAmount2024-05-31 SC535526core:PreviouslyStatedAmount2023-05-31 SC535526business:SmallEntities2023-06-012024-05-31 SC535526business:Director12023-06-012024-05-31 SC535526countries:Scotland2023-06-012024-05-31 SC535526business:RegisteredOffice2023-06-012024-05-31 SC535526core:MotorVehicles2023-06-012024-05-31 SC535526core:MotorVehicles2023-05-31 SC535526core:MotorVehicles2024-05-31 SC5355262022-06-012023-05-31 iso4217:GBP xbrli:pure
Company Registration No. SC535526 (Scotland)
Stanford (Scotland) Limited Unaudited accounts for the year ended 31 May 2024
Stanford (Scotland) Limited Unaudited accounts Contents
Page
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Stanford (Scotland) Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
450,800 
1,128,008 
Current assets
Debtors
4,540,635 
5,557,580 
Cash at bank and in hand
- 
4,170 
4,540,635 
5,561,750 
Creditors: amounts falling due within one year
(9,715)
(375,543)
Net current assets
4,530,920 
5,186,207 
Total assets less current liabilities
4,981,720 
6,314,215 
Creditors: amounts falling due after more than one year
(1,961,334)
(3,209,882)
Net assets
3,020,386 
3,104,333 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
3,020,286 
3,104,233 
Shareholders' funds
3,020,386 
3,104,333 
For the year ending 31 May 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 director acknowledges his 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 and authorised for issue on 31 March 2025 and were signed on its behalf by
Richard Citrin Director Company Registration No. SC535526
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Stanford (Scotland) Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Stanford (Scotland) Limited is a private company, limited by shares, registered in Scotland, registration number SC535526. The registered office is New Douglas, Cadzow Avenue, Hamilton, ML3 0FT.
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:
Motor vehicles
Over 4 years after year 1
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 June 2023
1,419,099 
Revaluations
(855,599)
At 31 May 2024
563,500 
Depreciation
At 1 June 2023
291,091 
Charge for the year
112,700 
Surplus on revaluation
(291,091)
At 31 May 2024
112,700 
Net book value
At 31 May 2024
450,800 
At 31 May 2023
1,128,008 
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Stanford (Scotland) Limited Notes to the Accounts for the year ended 31 May 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
1,048 
- 
Trade debtors
27,865 
22,510 
Other debtors
4,511,722 
5,535,070 
4,540,635 
5,557,580 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
9,715 
9,715 
VAT
- 
51,705 
Taxes and social security
- 
314,123 
9,715 
375,543 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
10,294 
19,167 
Obligations under finance leases and hire purchase contracts
(493,800)
996,922 
Other creditors
2,444,840 
2,193,793 
1,961,334 
3,209,882 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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