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REGISTERED NUMBER: 08288743 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 November 2024

for

SCOTT FPS LTD

SCOTT FPS LTD (REGISTERED NUMBER: 08288743)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

SCOTT FPS LTD

Company Information
for the Year Ended 30 November 2024







DIRECTOR: D L Scott





SECRETARY:





REGISTERED OFFICE: Llanover House
Llanover Road
Pontypridd
Rhondda Cynon Taff
CF37 4DY





REGISTERED NUMBER: 08288743 (England and Wales)





ACCOUNTANTS: James de Frias
Chartered Accountants
Llanover House
Llanover Road
Pontypridd
Rhondda Cynon Taff
CF37 4DY

SCOTT FPS LTD (REGISTERED NUMBER: 08288743)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 187,492 115,618

CURRENT ASSETS
Stocks 550 475
Debtors 5 67,109 97,521
Cash at bank 366,703 478,469
434,362 576,465
CREDITORS
Amounts falling due within one year 6 99,120 164,189
NET CURRENT ASSETS 335,242 412,276
TOTAL ASSETS LESS CURRENT
LIABILITIES

522,734

527,894

CREDITORS
Amounts falling due after more than one
year

7

(101,897

)

(43,798

)

PROVISIONS FOR LIABILITIES (46,873 ) (28,905 )
NET ASSETS 373,964 455,191

CAPITAL AND RESERVES
Called up share capital 2 3
Capital redemption reserve 1 -
Retained earnings 373,961 455,188
SHAREHOLDERS' FUNDS 373,964 455,191

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 June 2025 and were signed by:



D L Scott - Director


SCOTT FPS LTD (REGISTERED NUMBER: 08288743)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Scott FPS Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

SCOTT FPS LTD (REGISTERED NUMBER: 08288743)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 16 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 December 2023 137,098 57,470 5,193 199,761
Additions 109,326 - - 109,326
Disposals (23,200 ) - - (23,200 )
At 30 November 2024 223,224 57,470 5,193 285,887
DEPRECIATION
At 1 December 2023 75,368 3,582 5,193 84,143
Charge for year 17,096 13,472 - 30,568
Eliminated on disposal (16,316 ) - - (16,316 )
At 30 November 2024 76,148 17,054 5,193 98,395
NET BOOK VALUE
At 30 November 2024 147,076 40,416 - 187,492
At 30 November 2023 61,730 53,888 - 115,618

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 December 2023 - 57,470 57,470
Additions 84,212 - 84,212
At 30 November 2024 84,212 57,470 141,682
DEPRECIATION
At 1 December 2023 - 3,582 3,582
Charge for year 1,148 13,472 14,620
At 30 November 2024 1,148 17,054 18,202
NET BOOK VALUE
At 30 November 2024 83,064 40,416 123,480
At 30 November 2023 - 53,888 53,888

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 67,109 97,521

SCOTT FPS LTD (REGISTERED NUMBER: 08288743)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Hire purchase contracts 16,736 7,604
Trade creditors 15,386 1,967
Taxation and social security 66,998 154,618
99,120 164,189

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.24 30.11.23
£    £   
Hire purchase contracts 101,897 43,798

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £60,000 were paid to the directors .

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Scott FPS Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Scott FPS Ltd for the year ended 30 November 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Scott FPS Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Scott FPS Ltd and state those matters that we have agreed to state to the director of Scott FPS Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Scott FPS Ltd and its director for our work or for this report.

It is your duty to ensure that Scott FPS Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Scott FPS Ltd. You consider that Scott FPS 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 financial statements of Scott FPS 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 financial statements.






James de Frias
Chartered Accountants
Llanover House
Llanover Road
Pontypridd
Rhondda Cynon Taff
CF37 4DY


13 June 2025