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REGISTERED NUMBER: SC524264 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 January 2025

for

Scott Vetters Engineering Ltd

Scott Vetters Engineering Ltd (Registered number: SC524264)






Contents of the Financial Statements
for the year ended 31 January 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Scott Vetters Engineering Ltd

Company Information
for the year ended 31 January 2025







DIRECTOR: S R Vetters





SECRETARY:





REGISTERED OFFICE: Drumval
Linside
Lairg
Sutherland
IV27 4EU





REGISTERED NUMBER: SC524264 (Scotland)





ACCOUNTANTS: Foubister & Bain
4 Broad Street
Kirkwall
Orkney
KW15 1NX

Scott Vetters Engineering Ltd (Registered number: SC524264)

Balance Sheet
31 January 2025

2024 2025
£    £    Notes £   
FIXED ASSETS
2,558 Tangible assets 4 14,748

CURRENT ASSETS
17,410 Cash at bank and in hand 10,980

CREDITORS
8,811 Amounts falling due within one year 5 7,541
8,599 NET CURRENT ASSETS 3,439

11,157
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,187

CAPITAL AND RESERVES
2 Called up share capital 2
11,155 Retained earnings 18,185
11,157 18,187

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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 17 June 2025 and were signed by:





S R Vetters - Director


Scott Vetters Engineering Ltd (Registered number: SC524264)

Notes to the Financial Statements
for the year ended 31 January 2025

1. STATUTORY INFORMATION

Scott Vetters Engineering Ltd 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.

Plant & Machinery - 25% reducing balance
Fixtures and Fittings - 33% straight line
Computer Equipment - 25% reducing balance

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

Scott Vetters Engineering Ltd (Registered number: SC524264)

Notes to the Financial Statements - continued
for the year ended 31 January 2025

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2024 13,088
Additions 16,034
At 31 January 2025 29,122
DEPRECIATION
At 1 February 2024 10,530
Charge for year 3,844
At 31 January 2025 14,374
NET BOOK VALUE
At 31 January 2025 14,748
At 31 January 2024 2,558

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 5,402 600
Taxation 431 3,997
Other creditors 1,708 4,214
7,541 8,811

6. RELATED PARTY DISCLOSURES

The company was under the control of Mr Vetters throughout the current and previous year. Mr Vetters is the managing director and majority shareholder.