1 September 2023 false No description of principal activity Taxfiler 2024.6 true NI659422 business:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 NI659422 2023-08-31 NI659422 2023-09-01 2024-08-31 NI659422 business:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 NI659422 business:FilletedAccounts 2023-09-01 2024-08-31 NI659422 2024-08-31 NI659422 business:Director1 2023-09-01 2024-08-31 NI659422 business:Director2 2023-09-01 2024-08-31 NI659422 business:RegisteredOffice 2023-09-01 2024-08-31 NI659422 2023-08-31 NI659422 core:WithinOneYear 2024-08-31 NI659422 core:WithinOneYear 2023-08-31 NI659422 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-08-31 NI659422 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2023-08-31 NI659422 core:PreviouslyStatedAmount 2024-08-31 NI659422 core:PreviouslyStatedAmount 2023-08-31 NI659422 business:SmallEntities 2023-09-01 2024-08-31 NI659422 countries:NorthernIreland 2023-09-01 2024-08-31 NI659422 core:MotorVehicles 2023-09-01 2024-08-31 NI659422 core:ComputerEquipment 2023-09-01 2024-08-31 NI659422 core:MotorVehicles 2023-08-31 NI659422 core:ComputerEquipment 2023-08-31 NI659422 core:MotorVehicles 2024-08-31 NI659422 core:ComputerEquipment 2024-08-31 NI659422 2022-09-01 2023-08-31 iso4217:GBP xbrli:pure
Company Registration No. NI659422 (Northern Ireland)
Scott Willis Designs Ltd Unaudited accounts for the year ended 31 August 2024
Scott Willis Designs Ltd Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
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Scott Willis Designs Ltd Company Information for the year ended 31 August 2024
Directors
Robert Scott Willis Emma Lynne Willis
Company Number
NI659422 (Northern Ireland)
Registered Office
5 VICEROYS WOOD BANGOR BT19 1WF NORTHERN IRELAND
Accountants
DJB Accounting Ltd 34 Knockmoyle Drive Greystone Road Antrim BT41 1HE
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Scott Willis Designs Ltd Accountants' report
Accountants' report to the board of directors of Scott Willis Designs Ltd on the preparation of the unaudited statutory accounts for the year ended 31 August 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Scott Willis Designs Ltd for the year ended 31 August 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Scott Willis Designs Ltd, as a body, in accordance with the terms of our engagement letter dated 1 June 2021. Our work has been undertaken solely to prepare for your approval the accounts of Scott Willis Designs Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Scott Willis Designs Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Scott Willis Designs Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Scott Willis Designs Ltd. You consider that Scott Willis Designs Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Scott Willis Designs Ltd. 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.
DJB Accounting Ltd 34 Knockmoyle Drive Greystone Road Antrim BT41 1HE 24 May 2025
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Scott Willis Designs Ltd Statement of financial position as at 31 August 2024
2024
2023
Notes
£
£
Fixed assets
Tangible assets
4
12,078
5,981
Current assets
Inventories
10,000
18,719
Debtors
5
18,040
33,108
Cash at bank and in hand
46,464
10,680
74,504
62,507
Creditors: amounts falling due within one year
6
(57,337)
(41,513)
Net current assets
17,167
20,994
Net assets
29,245
26,975
Capital and reserves
Profit and loss account
29,245
26,975
Shareholders' funds
29,245
26,975
For the year ending 31 August 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 24 May 2025 and were signed on its behalf by
Robert Scott Willis Director Company Registration No. NI659422
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Scott Willis Designs Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Scott Willis Designs Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI659422. The registered office is 5 VICEROYS WOOD, BANGOR, BT19 1WF, NORTHERN IRELAND.
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.
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.
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
20% Straight Line
Computer equipment
25% Straight Line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
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Scott Willis Designs Ltd Notes to the Accounts for the year ended 31 August 2024
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Going concern
At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director shall continue to adopt the going concern basis of accounting in preparing the financial statements.
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 September 2023
9,600
1,373
10,973
Additions
10,450
-
10,450
At 31 August 2024
20,050
1,373
21,423
Depreciation
At 1 September 2023
3,840
1,152
4,992
Charge for the year
4,010
343
4,353
At 31 August 2024
7,850
1,495
9,345
Net book value
At 31 August 2024
12,200
(122)
12,078
At 31 August 2023
5,760
221
5,981
5
Debtors
2024
2023
£
£
Amounts falling due within one year
Trade debtors
18,040
33,108
6
Creditors: amounts falling due within one year
2024
2023
£
£
VAT
10,187
11,816
Taxes and social security
3,792
4,182
Other creditors
10,840
15,586
Loans from directors
32,518
9,929
57,337
41,513
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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