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REGISTERED NUMBER: SC335537 (Scotland)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Loads Straps & Slings Limited

Loads Straps & Slings Limited (Registered number: SC335537)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Loads Straps & Slings Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Ms N Jardine
Mrs L Sang





REGISTERED OFFICE: 15 St Leonard Street
Lanark
Lanarkshire
ML11 7AB





REGISTERED NUMBER: SC335537 (Scotland)





ACCOUNTANTS: ICW Accountancy Ltd
15 St Leonard Street
Lanark
Lanarkshire
ML11 7AB

Loads Straps & Slings Limited (Registered number: SC335537)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 6,524 1,349
6,525 1,350

CURRENT ASSETS
Debtors 6 18,523 4,697
Cash at bank 4,424 4,328
22,947 9,025
CREDITORS
Amounts falling due within one year 7 41,933 16,058
NET CURRENT LIABILITIES (18,986 ) (7,033 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(12,461

)

(5,683

)

CREDITORS
Amounts falling due after more than one
year

8

4,515

8,086
NET LIABILITIES (16,976 ) (13,769 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (16,978 ) (13,771 )
(16,976 ) (13,769 )

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

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 directors acknowledge their 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.

Loads Straps & Slings Limited (Registered number: SC335537)

Balance Sheet - continued
30 September 2024


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 Board of Directors and authorised for issue on 13 June 2025 and were signed on its behalf by:





Ms N Jardine - Director


Loads Straps & Slings Limited (Registered number: SC335537)

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

1. STATUTORY INFORMATION

Loads Straps & Slings Limited is a private company, limited by shares , registered in Scotland. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over it's estimated useful life.

Fixtures & fittings - 15% Straight Line
Computer Equipment - 33% Straight Line

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - NIL ) .

Loads Straps & Slings Limited (Registered number: SC335537)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 39,000
AMORTISATION
At 1 October 2023
and 30 September 2024 38,999
NET BOOK VALUE
At 30 September 2024 1
At 30 September 2023 1

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2023 - 1,932 1,932
Additions 5,000 1,059 6,059
At 30 September 2024 5,000 2,991 7,991
DEPRECIATION
At 1 October 2023 - 583 583
Charge for year - 884 884
At 30 September 2024 - 1,467 1,467
NET BOOK VALUE
At 30 September 2024 5,000 1,524 6,524
At 30 September 2023 - 1,349 1,349

6. DEBTORS
30.9.24 30.9.23
£    £   
Amounts falling due within one year:
Trade debtors 7,428 2,530

Amounts falling due after more than one year:
Other debtors 11,095 2,167

Aggregate amounts 18,523 4,697

Loads Straps & Slings Limited (Registered number: SC335537)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 3,200 3,200
Trade creditors 30,406 10,865
Taxation and social security 6,252 493
Other creditors 2,075 1,500
41,933 16,058

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans 4,515 7,686
Other creditors - 400
4,515 8,086

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2024 and 30 September 2023:

30.9.24 30.9.23
£    £   
Ms N Jardine
Balance outstanding at start of year (400 ) -
Amounts advanced 11,820 7,166
Amounts repaid (6,348 ) (7,566 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,072 (400 )

Mrs L Sang
Balance outstanding at start of year 2,166 -
Amounts advanced 12,884 2,166
Amounts repaid (9,028 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,022 2,166

The company has extended a loan to Ms L Sang, the company Director, of £6,023 (2023: £2,166). The highest balance outstanding throughout the year was £6,022 (2023: £2,166).

The company has also extended a long to Ms N Jardine, the company Director, of £5,072 (2023: nil). The maximum balance outstanding throughout the year was £5,072 (2023: nil).

There is no interest accrued on these balances and no set repayment terms.