| Ian Scott (Sheffield) Limited |
| Registered Number:06365634 |
For the year ended 30 September 2024
England and Wales
Unaudited Financial Statements
For the year ended 30 September 2024
Ian Scott (Sheffield) Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Ian Scott (Sheffield) Limited
Statement of Financial Position
2023
2024
| Property, plant and equipment |
9,772
15,841
2
9,772
15,841
3,250
4,750
3
| Trade and other receivables |
-
1,585
4
172,840
| Cash and cash equivalents |
202,419
208,754
176,090
| Trade and other payables: amounts falling due within one year |
(66,370)
(57,747)
5
109,720
151,007
Net current assets
| Total assets less current liabilities |
160,779
125,561
| Trade and other payables: amounts falling due after more than one year |
(15,016)
(13,252)
6
147,527
Net assets
110,545
1
1
147,526
110,544
147,527
110,545
Shareholders' funds
| For the year ended 30 September 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 of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006 |
| The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
| These financial statements were approved and authorised for issue by the Board on 01 April 2025 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 30 September 2024
Ian Scott (Sheffield) Limited
Notes to the Financial Statements
Statutory Information
| Ian Scott (Sheffield) Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number 06365634. |
| Principal place of business: |
The Courtyard Cafe
John Banner Centre
620 Attercliffe Road
Sheffield
S9 3QS
Horizon House
2 Whiting Street
Sheffield
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 'The |
| Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have |
| been prepared under the historical costs convention as modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
| Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Land and buildings
Plant and machinery
Motor vehicles
Inventories
| Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
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For the year ended 30 September 2024
Ian Scott (Sheffield) Limited
Notes to the Financial Statements Continued
| 2. Property, plant and equipment |
Motor vehicles
Land and buildings
82,380
8,450
26,801
47,129
47,129
26,801
8,450
82,380
| Provision for depreciation and impairment |
66,539
3,169
16,241
47,129
Charge for year
6,069
1,056
5,013
-
72,608
4,225
21,254
47,129
-
5,547
4,225
9,772
-
10,560
5,281
15,841
2023
2024
4,750
3,250
| 4. Trade and other receivables |
2023
2024
1,585
-
| 5. Trade and other payables: amounts falling due within one year |
2023
2024
6,479
1,695
| Taxation and social security |
10,420
9,192
40,848
55,483
57,747
66,370
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For the year ended 30 September 2024
Ian Scott (Sheffield) Limited
Notes to the Financial Statements Continued
| 6. Trade and other payables: amounts falling due after more than one year |
2023
2024
13,252
15,016
| 7. Average number of persons employed |
During the year the average number of employees was 3 (2023 : 4)
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