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REGISTERED NUMBER: SC485810 (Scotland)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

No 9 Practice Ltd
No 9 Practice Ltd (Registered number: SC485810)






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


No 9 Practice Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Mrs S Buchan
Dr P Buchan





REGISTERED OFFICE: 29 West Main Street
Uphall
West Lothian
EH52 5DN





REGISTERED NUMBER: SC485810 (Scotland)





ACCOUNTANTS: EQ Accountants Ltd
47-49 The Square
Kelso
Roxburghshire
TD5 7HW
Page 1
No 9 Practice Ltd (Registered number: SC485810)

Balance Sheet
30 September 2024

30/9/24 30/9/23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 2,096 3,189
Property, plant and equipment 5 358,502 348,855
360,598 352,044

CURRENT ASSETS
Inventories 24,000 20,000
Debtors 6 64,668 7,609
Cash at bank and in hand 288,233 232,154
376,901 259,763
CREDITORS
Amounts falling due within one year 7 140,274 89,802
NET CURRENT ASSETS 236,627 169,961
TOTAL ASSETS LESS CURRENT
LIABILITIES
597,225
522,005

PROVISIONS FOR LIABILITIES 67,500 52,000
NET ASSETS 529,725 470,005

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 529,625 469,905
SHAREHOLDERS' FUNDS 529,725 470,005

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.

The notes form part of these financial statements

Page 2 continued...
No 9 Practice Ltd (Registered number: SC485810)

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 17 June 2025 and were signed on its behalf by:





Dr P Buchan - Director


The notes form part of these financial statements

Page 3
No 9 Practice Ltd (Registered number: SC485810)

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

1. STATUTORY INFORMATION

No 9 Practice 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
Revenue 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 2014, is being amortised evenly over its estimated useful life of five 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.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - Over the remaining life of the lease
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Inventories 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.


Page 4 continued...
No 9 Practice Ltd (Registered number: SC485810)

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

2. ACCOUNTING POLICIES - continued
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.

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 12 (2023 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Computer
Goodwill software Totals
£    £    £   
COST
At 1 October 2023
and 30 September 2024 250,000 5,464 255,464
AMORTISATION
At 1 October 2023 250,000 2,275 252,275
Amortisation for year - 1,093 1,093
At 30 September 2024 250,000 3,368 253,368
NET BOOK VALUE
At 30 September 2024 - 2,096 2,096
At 30 September 2023 - 3,189 3,189

Page 5 continued...
No 9 Practice Ltd (Registered number: SC485810)

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

5. PROPERTY, PLANT AND EQUIPMENT
Short Plant and Motor
leasehold machinery vehicles Totals
£    £    £    £   
COST
At 1 October 2023 79,817 553,458 44,090 677,365
Additions - 64,417 - 64,417
At 30 September 2024 79,817 617,875 44,090 741,782
DEPRECIATION
At 1 October 2023 14,438 298,203 15,869 328,510
Charge for year 3,362 44,352 7,056 54,770
At 30 September 2024 17,800 342,555 22,925 383,280
NET BOOK VALUE
At 30 September 2024 62,017 275,320 21,165 358,502
At 30 September 2023 65,379 255,255 28,221 348,855

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Plant and
machinery
£   
COST
At 1 October 2023
and 30 September 2024 69,148
DEPRECIATION
At 1 October 2023
and 30 September 2024 69,148
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/24 30/9/23
£    £   
Trade debtors - 7,609
Other debtors 64,668 -
64,668 7,609

Page 6 continued...
No 9 Practice Ltd (Registered number: SC485810)

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 2,942 3,062
Trade creditors 37,363 34,356
Taxation and social security 71,417 28,524
Other creditors 28,552 23,860
140,274 89,802

8. SECURED DEBTS

The following secured debts are included within creditors:

30/9/24 30/9/23
£    £   
Bank loans 2,942 3,062

The bank loan is secured by a bond and floating charge over the company's assets; a charge over the life policies of the directors and a personal guarantee granted by the directors.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

30/9/24 30/9/23
£    £   
Dr P Buchan and Mrs S Buchan
Balance outstanding at start of year - -
Amounts advanced 118,938 -
Amounts repaid (70,588 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 48,350 -

10. ULTIMATE CONTROLLING PARTY

Mr and Mrs Buchan together are the ultimate controlling party by virtue of their controlled 100% shareholding.

Page 7