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01/04/2024
31/03/2025
2025-03-31
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No description of principal activities is disclosed
2024-04-01
Sage Accounts Production 23.0 - FRS102_2023
xbrli:pure
xbrli:shares
iso4217:GBP
SC424746
2024-04-01
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Company registration number:
SC424746
Barrie Scott Limited
Trading as
Barrie Scott & Co
Unaudited filleted financial statements
31 March 2025
Barrie Scott Limited
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Barrie Scott Limited
Directors and other information
|
|
|
|
Directors |
Diane E Jack |
|
|
George R Thomson |
|
|
James A R Brown |
|
|
Craig J Allison |
|
|
Fiona Deans |
|
|
|
|
|
|
|
Company number |
SC424746 |
|
|
|
|
|
|
|
Registered office |
16-18 Weir Street |
|
|
Falkirk |
|
|
FK1 1RA |
|
|
|
|
|
|
|
Business address |
16-18 Weir Street |
|
|
Falkirk |
|
|
FK1 1RA |
|
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|
Barrie Scott Limited
Statement of financial position
31 March 2025
|
|
|
2025 |
|
|
|
2024 |
|
|
|
|
Note |
£ |
|
£ |
|
£ |
|
£ |
|
|
|
|
|
|
|
|
|
|
|
Fixed assets |
|
|
|
|
|
|
|
|
|
|
Intangible assets |
|
5 |
- |
|
|
|
100,000 |
|
|
|
Tangible assets |
|
6 |
30,133 |
|
|
|
30,785 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
30,133 |
|
|
|
130,785 |
|
|
|
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
|
|
Debtors |
|
7 |
388,580 |
|
|
|
343,692 |
|
|
|
Cash at bank and in hand |
|
|
248,149 |
|
|
|
257,085 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
636,729 |
|
|
|
600,777 |
|
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
|
within one year |
|
8 |
(
342,018) |
|
|
|
(
464,260) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
Net current assets |
|
|
|
|
294,711 |
|
|
|
136,517 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
Total assets less current liabilities |
|
|
|
|
324,844 |
|
|
|
267,302 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Provisions for liabilities |
|
|
|
|
(
7,533) |
|
|
|
(
7,696) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
|
|
_______ |
|
Net assets |
|
|
|
|
317,311 |
|
|
|
259,606 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
|
Capital and reserves |
|
|
|
|
|
|
|
|
|
|
Called up share capital |
|
|
|
|
22,052 |
|
|
|
22,052 |
|
Capital redemption reserve |
|
|
|
|
12,902 |
|
|
|
12,902 |
|
Profit and loss account |
|
|
|
|
282,357 |
|
|
|
224,652 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
Shareholders funds |
|
|
|
|
317,311 |
|
|
|
259,606 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
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|
|
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
26 June 2025
, and are signed on behalf of the board by:
Diane E Jack
Director
Company registration number:
SC424746
Barrie Scott Limited
Notes to the financial statements
Year ended 31 March 2025
1.
General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is 16-18 Weir Street, Falkirk, FK1 1RA.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
These financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Revenue represents the total invoice value, excluding value added tax, of accounting and taxation services provided during the year, with an adjustment for the recoverable value of incomplete work at the end of the year, together with commission earned.Revenue for completed work is recognised on completion.Revenue for on-going services is recognised by reference to the stage of completion, discounted for non recoverable amounts.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business.Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight line basis over its useful life.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
|
|
|
| Goodwill |
- |
Straight line over 12 years |
|
|
|
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
|
|
|
|
|
Plant and machinery |
- |
3 - 5 years Straight line |
|
|
Fittings fixtures and equipment |
- |
15% Reducing balance |
|
|
|
|
|
|
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.Basic financial instruments are initially recognised at the transaction price.Debt instruments are subsequently measured at amortised cost.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
19
(2024:
19
).
5.
Intangible assets
|
|
Goodwill |
Total |
|
|
|
|
|
|
£ |
£ |
|
|
|
|
|
Cost |
|
|
|
|
|
|
|
At 1 April 2024 |
1,200,000 |
1,200,000 |
|
|
|
|
|
Other movements |
(
45,000) |
(
45,000) |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
At 31 March 2025 |
1,155,000 |
1,155,000 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
Amortisation |
|
|
|
|
|
|
|
At 1 April 2024 |
1,100,000 |
1,100,000 |
|
|
|
|
|
Charge for the year |
55,000 |
55,000 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
At 31 March 2025 |
1,155,000 |
1,155,000 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
At 31 March 2025 |
- |
- |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
At 31 March 2024 |
100,000 |
100,000 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
6.
Tangible assets
|
|
Computer equipment |
Fixtures, fittings and equipment |
Total |
|
|
|
|
|
|
£ |
£ |
£ |
|
|
|
|
|
Cost |
|
|
|
|
|
|
|
|
At 1 April 2024 |
68,508 |
18,983 |
87,491 |
|
|
|
|
|
Additions |
7,992 |
- |
7,992 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
At 31 March 2025 |
76,500 |
18,983 |
95,483 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
Depreciation |
|
|
|
|
|
|
|
|
At 1 April 2024 |
43,971 |
12,734 |
56,705 |
|
|
|
|
|
Charge for the year |
7,708 |
937 |
8,645 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
At 31 March 2025 |
51,679 |
13,671 |
65,350 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
|
At 31 March 2025 |
24,821 |
5,312 |
30,133 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
At 31 March 2024 |
24,537 |
6,249 |
30,786
|
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
|
7.
Debtors
|
|
|
2025 |
2024 |
|
|
|
£ |
£ |
|
Trade debtors |
|
197,504 |
155,294 |
|
Other debtors |
|
191,076 |
188,398 |
|
|
|
_______ |
_______ |
|
|
|
388,580 |
343,692 |
|
|
|
_______ |
_______ |
|
|
|
|
|
8.
Creditors: amounts falling due within one year
|
|
|
2025 |
2024 |
|
|
|
£ |
£ |
|
Loans |
|
125,000 |
225,001 |
|
Trade creditors |
|
19,604 |
35,329 |
|
Corporation tax |
|
92,458 |
75,772 |
|
Social security and other taxes |
|
98,299 |
78,220 |
|
Other creditors |
|
6,657 |
49,938 |
|
|
|
_______ |
_______ |
|
|
|
342,018 |
464,260 |
|
|
|
_______ |
_______ |
|
|
|
|
|
9.
Operating leases
The company as lessee
The total future minimum lease payments under non-cancellable operating leases are as follows:
|
|
|
|
£ |
£ |
|
|
|
| Not later than 1 year |
984 |
26,064 |
| Later than 1 year and not later than 5 years |
2,460 |
3,444 |
|
_______ |
_______ |
|
3,444 |
29,508 |
|
_______ |
_______ |
|
|
|