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Company Registration No. SC330621 (Scotland)
Waterside Motors Ltd. Unaudited accounts for the year ended 31 October 2024
Waterside Motors Ltd. Unaudited accounts Contents
Page
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Waterside Motors Ltd. Company Information for the year ended 31 October 2024
Directors
Mrs Christine Ann Boyd Mr John McAllister Boyd Mrs Julie Whiteman
Company Number
SC330621 (Scotland)
Registered Office
24 Waterside Street Largs Ayrshire KA30 9LN Scotland
Accountants
McKinnon & Co Ltd ACPA 33 Newmarket Street Ayr Ayrshire KA7 1LL
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Waterside Motors Ltd. Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
11,409 
14,261 
Current assets
Inventories
22,605 
20,550 
Debtors
107,697 
115,147 
Cash at bank and in hand
84,153 
45,178 
214,455 
180,875 
Creditors: amounts falling due within one year
(62,928)
(64,897)
Net current assets
151,527 
115,978 
Total assets less current liabilities
162,936 
130,239 
Creditors: amounts falling due after more than one year
(19,956)
(29,753)
Net assets
142,980 
100,486 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
142,978 
100,484 
Shareholders' funds
142,980 
100,486 
For the year ending 31 October 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 14 May 2025 and were signed on its behalf by
Mrs Christine Ann Boyd Director Company Registration No. SC330621
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Waterside Motors Ltd. Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
Waterside Motors Ltd. is a private company, limited by shares, registered in Scotland, registration number SC330621. The registered office is 24 Waterside Street, Largs, Ayrshire, KA30 9LN, Scotland.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
Motor vehicles
Reducing balance
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2023
65,327 
8,700 
74,027 
At 31 October 2024
65,327 
8,700 
74,027 
Depreciation
At 1 November 2023
51,967 
7,799 
59,766 
Charge for the year
2,672 
180 
2,852 
At 31 October 2024
54,639 
7,979 
62,618 
Net book value
At 31 October 2024
10,688 
721 
11,409 
At 31 October 2023
13,360 
901 
14,261 
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Waterside Motors Ltd. Notes to the Accounts for the year ended 31 October 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,147 
9,597 
Amounts falling due after more than one year
Other debtors
105,550 
105,550 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
13,766 
12,462 
Trade creditors
33,003 
37,127 
Taxes and social security
16,159 
15,308 
62,928 
64,897 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Loans from directors
19,956 
29,753 
8
Average number of employees
During the year the average number of employees was 6 (2023: 6).
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