1 October 2023 false No description of principal activity Taxfiler 2024.6 SC120674business:PrivateLimitedCompanyLtd2023-10-012024-09-30 SC1206742023-09-30 SC1206742023-10-012024-09-30 SC120674business:AuditExemptWithAccountantsReport2023-10-012024-09-30 SC120674business:AbridgedAccounts2023-10-012024-09-30 SC1206742024-09-30 SC120674business:Director12023-10-012024-09-30 SC120674business:CompanySecretary12023-10-012024-09-30 SC120674business:RegisteredOffice2023-10-012024-09-30 SC1206742023-09-30 SC120674core:WithinOneYear2024-09-30 SC120674core:WithinOneYear2023-09-30 SC120674core:AfterOneYear2024-09-30 SC120674core:AfterOneYear2023-09-30 SC120674core:ShareCapitalcore:PreviouslyStatedAmount2024-09-30 SC120674core:ShareCapitalcore:PreviouslyStatedAmount2023-09-30 SC120674core:CapitalRedemptionReservecore:PreviouslyStatedAmount2024-09-30 SC120674core:CapitalRedemptionReservecore:PreviouslyStatedAmount2023-09-30 SC120674core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-09-30 SC120674core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-09-30 SC120674core:PreviouslyStatedAmount2024-09-30 SC120674core:PreviouslyStatedAmount2023-09-30 SC120674business:SmallEntities2023-10-012024-09-30 SC120674countries:Scotland2023-10-012024-09-30 SC120674core:LandBuildings2023-10-012024-09-30 SC120674core:PlantMachinery2023-10-012024-09-30 SC120674core:MotorVehicles2023-10-012024-09-30 SC1206742022-10-012023-09-30 iso4217:GBP xbrli:pure
Company Registration No. SC120674 (Scotland)
Plant & Fixings Limited Unaudited accounts for the year ended 30 September 2024
Plant & Fixings Limited Unaudited accounts Contents
Page
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Plant & Fixings Limited Company Information for the year ended 30 September 2024
Director
A Ferguson
Secretary
J Ferguson
Company Number
SC120674 (Scotland)
Registered Office
57 Harbour Road Inverness IV1 1UF
Accountants
CMM Accountancy (Inverness) Limited The Green House Beechwood Business Park North Inverness IV2 3BL
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Plant & Fixings Limited Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,366,919 
1,376,791 
Current assets
Inventories
137,651 
144,216 
Debtors
218,243 
265,180 
Cash at bank and in hand
245,090 
208,650 
600,984 
618,046 
Creditors: amounts falling due within one year
(354,674)
(365,331)
Net current assets
246,310 
252,715 
Total assets less current liabilities
1,613,229 
1,629,506 
Creditors: amounts falling due after more than one year
(129,440)
(209,477)
Provisions for liabilities
Deferred tax
(64,375)
(56,935)
Net assets
1,419,414 
1,363,094 
Capital and reserves
Called up share capital
15,200 
15,200 
Capital redemption reserve
4,800 
4,800 
Profit and loss account
1,399,414 
1,343,094 
Shareholders' funds
1,419,414 
1,363,094 
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 June 2025 and were signed on its behalf by
A Ferguson Director Company Registration No. SC120674
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Plant & Fixings Limited Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
Plant & Fixings Limited is a private company, limited by shares, registered in Scotland, registration number SC120674. The registered office is 57 Harbour Road, Inverness, IV1 1UF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
1% reducing balance
Plant & machinery
10% to 25% reducing balance
Motor vehicles
25% reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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Plant & Fixings Limited Notes to the Accounts for the year ended 30 September 2024
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 October 2023
1,962,077 
Additions
83,878 
Disposals
(74,139)
At 30 September 2024
1,971,816 
Depreciation
At 1 October 2023
585,286 
Charge for the year
70,463 
On disposals
(50,852)
At 30 September 2024
604,897 
Net book value
At 30 September 2024
1,366,919 
At 30 September 2023
1,376,791 
Land at cost of £510,833 is not depreciated.
5
Average number of employees
During the year the average number of employees was 7 (2023: 7).
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