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REGISTERED NUMBER: SC272963 (Scotland)















Oikos Architectural Limited

Financial Statements For The Year Ended 30 September 2024






Oikos Architectural Limited (Registered number: SC272963)






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

Chartered Accountants' Report 9

Oikos Architectural Limited

Company Information
For The Year Ended 30 September 2024







DIRECTOR: C S Mackay





SECRETARY: D M Mackay





REGISTERED OFFICE: St Brendans
69 South Guildry Street
Elgin
Moray
IV30 1QN





REGISTERED NUMBER: SC272963 (Scotland)





ACCOUNTANTS: The Long Partnership
Park House Centre
South Street
Elgin
IV30 1JB

Oikos Architectural Limited (Registered number: SC272963)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 410,431 405,977

CURRENT ASSETS
Stocks 66,562 75,057
Debtors 5 56,675 68,786
Cash at bank 352 37
123,589 143,880
CREDITORS
Amounts falling due within one year 6 239,261 204,790
NET CURRENT LIABILITIES (115,672 ) (60,910 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

294,759

345,067

CREDITORS
Amounts falling due after more than one
year

7

(140,488

)

(193,391

)

PROVISIONS FOR LIABILITIES 10 (17,117 ) (14,807 )
NET ASSETS 137,154 136,869

CAPITAL AND RESERVES
Called up share capital 11 2,000 2,000
Retained earnings 12 135,154 134,869
SHAREHOLDERS' FUNDS 137,154 136,869

Oikos Architectural Limited (Registered number: SC272963)

Balance Sheet - continued
30 September 2024


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 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:





C S Mackay - Director


Oikos Architectural Limited (Registered number: SC272963)

Notes to the Financial Statements
For The Year Ended 30 September 2024

1. STATUTORY INFORMATION

Oikos Architectural 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.

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.
Equipment - 20% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Oikos Architectural Limited (Registered number: SC272963)

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

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Land and
buildings Equipment Totals
£    £    £   
COST
At 1 October 2023 338,026 196,193 534,219
Additions - 23,807 23,807
Disposals - (61,128 ) (61,128 )
At 30 September 2024 338,026 158,872 496,898
DEPRECIATION
At 1 October 2023 - 128,242 128,242
Charge for year - 12,492 12,492
Eliminated on disposal - (54,267 ) (54,267 )
At 30 September 2024 - 86,467 86,467
NET BOOK VALUE
At 30 September 2024 338,026 72,405 410,431
At 30 September 2023 338,026 67,951 405,977

Oikos Architectural Limited (Registered number: SC272963)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Equipment
£   
COST
At 1 October 2023 78,319
Additions 17,800
Transfer to ownership (28,710 )
At 30 September 2024 67,409
DEPRECIATION
At 1 October 2023 46,808
Charge for year 5,288
Transfer to ownership (22,182 )
At 30 September 2024 29,914
NET BOOK VALUE
At 30 September 2024 37,495
At 30 September 2023 31,511

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 55,107 68,786
Other debtors 1,568 -
56,675 68,786

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts (see note 8) 82,372 80,915
Hire purchase contracts 24,453 9,419
Trade creditors 42,623 28,830
Taxation and social security 84,095 75,626
Other creditors 5,718 10,000
239,261 204,790

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans (see note 8) 129,388 172,294
Hire purchase contracts 11,100 21,097
140,488 193,391

Oikos Architectural Limited (Registered number: SC272963)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
30.9.24 30.9.23
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loan - RBS 35,594 59,780

8. LOANS

An analysis of the maturity of loans is given below:

30.9.24 30.9.23
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 12,483 7,804
Bank loans - Funding Circle 27,156 32,488
Bank loan - RBS 20,000 18,997
Bank loan - CBILS 22,733 21,626
82,372 80,915

Amounts falling due between one and two years:
Bank loan - RBS 40,000 37,994
Bank loan - CBILS 13,794 36,526
53,794 74,520

Amounts falling due between two and five years:
Bank loan - RBS 40,000 37,994

Amounts falling due in more than five years:

Repayable by instalments
Bank loan - RBS 35,594 59,780

9. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 30.9.23
£    £   
Bank loan 135,594 154,765

This loan is secured by a Bond and Floating Charge and by guarantee for £117,500 by the director C S Mackay and the company secretary D M Mackay.

10. PROVISIONS FOR LIABILITIES
30.9.24 30.9.23
£    £   
Deferred tax 17,117 14,807

Oikos Architectural Limited (Registered number: SC272963)

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

10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 October 2023 14,807
Provided during year 2,310
Balance at 30 September 2024 17,117

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
2,000 Ordinary £1 2,000 2,000

12. RESERVES
Retained
earnings
£   

At 1 October 2023 134,869
Profit for the year 102,785
Dividends (102,500 )
At 30 September 2024 135,154

13. RELATED PARTY DISCLOSURES

During the year, total dividends of £51,250 (2023 - £40,750) were paid to the director .

C S Mackay
is a director in the company.


A loan has been given to the company by the director. No interest is charged on the amount outstanding and no repayment terms have been agreed.

30.9.24 30.9.23
£    £   
Amount due to related party at the balance sheet date 48 67

14. ULTIMATE CONTROLLING PARTY

The company is under the joint control of C S Mackay and D M Mackay.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Oikos Architectural Limited

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 Oikos Architectural Limited for the year ended 30 September 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 Oikos Architectural Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Oikos Architectural Limited and state those matters that we have agreed to state to the director of Oikos Architectural Limited 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 Oikos Architectural Limited and its director for our work or for this report.

It is your duty to ensure that Oikos Architectural Limited 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 Oikos Architectural Limited. You consider that Oikos Architectural Limited 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 Oikos Architectural Limited. 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.






The Long Partnership
Park House Centre
South Street
Elgin
IV30 1JB


13 June 2025