| William Ree & Partners Limited |
| Registered Number:SC250440 |
For the year ended 30 September 2024
Scotland
Unaudited Financial Statements
For the year ended 30 September 2024
William Ree & Partners Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
William Ree & Partners Limited
Statement of Financial Position
2023
2024
3,000
6,000
2
| Property, plant and equipment |
43,647
38,147
3
46,647
44,147
19,200
33,046
4
| Trade and other receivables |
33,295
50,794
5
28,599
| Cash and cash equivalents |
2,631
86,471
81,094
| Trade and other payables: amounts falling due within one year |
(73,344)
(78,651)
6
7,750
7,820
Net current assets
| Total assets less current liabilities |
54,467
51,897
| Trade and other payables: amounts falling due after more than one year |
(19,739)
(12,365)
7
42,102
Net assets
32,158
100
100
42,002
32,058
42,102
32,158
Shareholders' funds
| For the year ended 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 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 proper 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 Section 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
| These financial statements were approved and authorised for issue by the Board on 24 June 2025 and were signed by: |
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For the year ended 30 September 2024
William Ree & Partners Limited
Statement of Financial Position Continued
| The notes form part of these financial statements |
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For the year ended 30 September 2024
William Ree & Partners Limited
Notes to the Financial Statements
Statutory Information
| William Ree & Partners Limited is a private limited company, limited by shares, domiciled in Scotland, registration number SC250440. |
329A Brook Street
Broughty Ferry
Dundee
DD5 2DS
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 'The |
| Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have |
| been prepared under the historical costs convention as modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Goodwill
| Goodwill, being the amount paid in connection with the acquisition of the business in 2003, is being amortised evenly over 10 years commencing in 2016 |
Property, plant and equipment
| Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant & machinery
Motor vehicles
Showroom & office equipment
Inventories
| Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
Hire purchase and leasing commitments
| Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a straight line basis. |
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For the year ended 30 September 2024
William Ree & Partners Limited
Notes to the Financial Statements Continued
| 2. Intangible fixed assets |
Goodwill
30,000
30,000
24,000
3,000
Charge for year
27,000
3,000
6,000
| 3. Property, plant and equipment |
| Showroom & office |
| equipment |
Motor vehicles
Plant & machinery
72,617
15,808
54,623
2,186
16,435
-
16,435
-
-
(6,950)
-
(6,950)
2,186
64,108
15,808
82,102
| Provision for depreciation and impairment |
34,470
13,378
18,986
2,106
Charge for year
10,641
364
10,265
12
(6,656)
-
(6,656)
-
38,455
13,742
22,595
2,118
68
41,513
2,066
43,647
80
35,637
2,430
38,147
2023
2024
33,046
19,200
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For the year ended 30 September 2024
William Ree & Partners Limited
Notes to the Financial Statements Continued
| 5. Trade and other receivables |
2023
2024
50,794
30,690
-
2,605
33,295
50,794
| 6. Trade and other payables: amounts falling due within one year |
2023
2024
| Bank loans and overdraft (secured) |
-
7,163
43,596
46,747
| Taxation and social security |
6,868
7,691
28,187
11,743
78,651
73,344
| 7. Trade and other payables: amounts falling due after more than one year |
2023
2024
12,365
19,739
| 8. Average number of persons employed |
During the year the average number of employees was 8 (2023 : 8)
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