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REGISTERED NUMBER: SC231281 (Scotland)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

COMPLEMENTS OF SCOTLAND LIMITED

COMPLEMENTS OF SCOTLAND LIMITED (REGISTERED NUMBER: SC231281)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COMPLEMENTS OF SCOTLAND LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: Dr S B Kayne
Mrs S Kayne
Dr L Kayne





SECRETARY: Dr S B Kayne





REGISTERED OFFICE: 20 Main Street
Busby
Glasgow
GLASGOW
G76 8DU





REGISTERED NUMBER: SC231281 (Scotland)





ACCOUNTANTS: Bannerman Johnstone Maclay
213 St Vincent Street
Glasgow
G2 5QY

COMPLEMENTS OF SCOTLAND LIMITED (REGISTERED NUMBER: SC231281)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 12,454 13,365
12,454 13,365

CURRENT ASSETS
Stocks 35,235 33,226
Debtors 6 154,240 226,229
Cash at bank and in hand 126,470 63,451
315,945 322,906
CREDITORS
Amounts falling due within one year 7 81,002 62,433
NET CURRENT ASSETS 234,943 260,473
TOTAL ASSETS LESS CURRENT
LIABILITIES

247,397

273,838

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 247,297 273,738
SHAREHOLDERS' FUNDS 247,397 273,838

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

COMPLEMENTS OF SCOTLAND LIMITED (REGISTERED NUMBER: SC231281)

BALANCE SHEET - continued
31 OCTOBER 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 15 July 2025 and were signed on its behalf by:





Dr L Kayne - Director


COMPLEMENTS OF SCOTLAND LIMITED (REGISTERED NUMBER: SC231281)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024


1. STATUTORY INFORMATION

Complements of Scotland Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 15% on cost and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

COMPLEMENTS OF SCOTLAND LIMITED (REGISTERED NUMBER: SC231281)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include certain debtors and cash and bank balances, are initially measured at transaction price including transactions costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including certain creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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.

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 8 (2023 - 9 ) .

COMPLEMENTS OF SCOTLAND LIMITED (REGISTERED NUMBER: SC231281)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 450,000
AMORTISATION
At 1 November 2023
and 31 October 2024 450,000
NET BOOK VALUE
At 31 October 2024 -
At 31 October 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2023 178,089
Additions 2,642
At 31 October 2024 180,731
DEPRECIATION
At 1 November 2023 164,724
Charge for year 3,553
At 31 October 2024 168,277
NET BOOK VALUE
At 31 October 2024 12,454
At 31 October 2023 13,365

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 7,119 10,121
Amounts due from related undertakings 51,275 68,811
Other debtors 95,846 147,297
154,240 226,229

COMPLEMENTS OF SCOTLAND LIMITED (REGISTERED NUMBER: SC231281)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 30,019 28,211
Taxation and social security 42,755 24,928
Other creditors 8,228 9,294
81,002 62,433

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2024 and 31 October 2023:

2024 2023
£    £   
Dr L Kayne
Balance outstanding at start of year 67,857 69,726
Amounts advanced 10,226 11,881
Amounts repaid (28,750 ) (13,750 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 49,333 67,857

Mrs S Kayne
Balance outstanding at start of year 8,260 3,810
Amounts advanced 3,386 4,450
Amounts repaid (11,600 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 46 8,260

Dr S B Kayne
Balance outstanding at start of year 17,534 -
Amounts advanced 19,110 17,534
Amounts repaid (36,620 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 24 17,534