1 September 2023 false No description of principal activity Taxfiler 2024.6 SC429246business:PrivateLimitedCompanyLtd2023-09-012024-08-31 SC4292462023-08-31 SC4292462023-09-012024-08-31 SC429246business:AuditExemptWithAccountantsReport2023-09-012024-08-31 SC429246business:FilletedAccounts2023-09-012024-08-31 SC4292462024-08-31 SC429246business:Director12023-09-012024-08-31 SC429246business:Director22023-09-012024-08-31 SC429246business:RegisteredOffice2023-09-012024-08-31 SC4292462023-08-31 SC429246core:WithinOneYear2024-08-31 SC429246core:WithinOneYear2023-08-31 SC429246core:AfterOneYear2024-08-31 SC429246core:AfterOneYear2023-08-31 SC429246core:ShareCapitalcore:PreviouslyStatedAmount2024-08-31 SC429246core:ShareCapitalcore:PreviouslyStatedAmount2023-08-31 SC429246core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-08-31 SC429246core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-08-31 SC429246core:PreviouslyStatedAmount2024-08-31 SC429246core:PreviouslyStatedAmount2023-08-31 SC429246business:SmallEntities2023-09-012024-08-31 SC429246countries:Scotland2023-09-012024-08-31 SC429246core:Goodwill2023-08-31 SC429246core:Goodwill2024-08-31 SC429246core:LandBuildings2023-08-31 SC429246core:PlantMachinery2023-08-31 SC429246core:MotorVehicles2023-08-31 SC429246core:ComputerEquipment2023-08-31 SC429246core:LandBuildings2023-09-012024-08-31 SC429246core:PlantMachinery2023-09-012024-08-31 SC429246core:MotorVehicles2023-09-012024-08-31 SC429246core:ComputerEquipment2023-09-012024-08-31 SC429246core:LandBuildings2024-08-31 SC429246core:PlantMachinery2024-08-31 SC429246core:MotorVehicles2024-08-31 SC429246core:ComputerEquipment2024-08-31 SC4292462022-09-012023-08-31 iso4217:GBP xbrli:pure
Company Registration No. SC429246 (Scotland)
Sugplumb Ltd Unaudited accounts for the year ended 31 August 2024
Sugplumb Ltd Unaudited accounts Contents
Page
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Sugplumb Ltd Company Information for the year ended 31 August 2024
Directors
Stuart Harold Sugden Lisa Anne Sugden
Company Number
SC429246 (Scotland)
Registered Office
UNIT 1 ABOYNE BUSINESS CENTRE HUNTLY ROAD ABOYNE ABERDEENSHIRE AB34 5HE SCOTLAND
Accountants
McCreath Accountancy Phoenix House Phoenix Business Park Paisley Renfrewshire PA1 2BH
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Sugplumb Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
132,811 
160,568 
Current assets
Inventories
54,024 
40,117 
Debtors
1,027,010 
1,069,729 
Cash at bank and in hand
555,620 
309,374 
1,636,654 
1,419,220 
Creditors: amounts falling due within one year
(248,910)
(327,230)
Net current assets
1,387,744 
1,091,990 
Total assets less current liabilities
1,520,555 
1,252,558 
Creditors: amounts falling due after more than one year
(148,543)
(15,168)
Net assets
1,372,012 
1,237,390 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
1,371,912 
1,237,290 
Shareholders' funds
1,372,012 
1,237,390 
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 27 May 2025 and were signed on its behalf by
Stuart Harold Sugden Director Company Registration No. SC429246
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Sugplumb Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Sugplumb Ltd is a private company, limited by shares, registered in Scotland, registration number SC429246. The registered office is UNIT 1 ABOYNE BUSINESS CENTRE, HUNTLY ROAD, ABOYNE, ABERDEENSHIRE, AB34 5HE, 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.
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.
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:
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Sugplumb 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.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 September 2023
30,000 
At 31 August 2024
30,000 
Amortisation
At 1 September 2023
30,000 
At 31 August 2024
30,000 
Net book value
At 31 August 2024
- 
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 September 2023
15,165 
164,607 
174,831 
1,957 
356,560 
Additions
- 
29,950 
- 
- 
29,950 
Disposals
- 
(10,371)
- 
- 
(10,371)
At 31 August 2024
15,165 
184,186 
174,831 
1,957 
376,139 
Depreciation
At 1 September 2023
12,133 
61,252 
120,683 
1,924 
195,992 
Charge for the year
3,032 
30,734 
13,537 
33 
47,336 
At 31 August 2024
15,165 
91,986 
134,220 
1,957 
243,328 
Net book value
At 31 August 2024
- 
92,200 
40,611 
- 
132,811 
At 31 August 2023
3,032 
103,355 
54,148 
33 
160,568 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
35,684 
70,180 
Trade debtors
846,866 
871,248 
882,550 
941,428 
Amounts falling due after more than one year
Other debtors
144,460 
128,301 
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Sugplumb Ltd Notes to the Accounts for the year ended 31 August 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
15,168 
5,190 
Trade creditors
228,742 
317,040 
Accruals
5,000 
5,000 
248,910 
327,230 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
56,120 
- 
Obligations under finance leases and hire purchase contracts
92,423 
15,168 
148,543 
15,168 
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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