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REGISTERED NUMBER: 10270630 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Scotts Of Alnmouth Ltd

Scotts Of Alnmouth Ltd (Registered number: 10270630)






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


Scotts Of Alnmouth Ltd

Company Information
for the Year Ended 31 October 2024







DIRECTORS: Mr A T Scott
Mrs A Reeves-Scott





REGISTERED OFFICE: 8 Lovaine Terrace
Lovaine Terrace Alnmouth
Alnwick
Northumberland
NE66 2RQ





REGISTERED NUMBER: 10270630 (England and Wales)





ACCOUNTANTS: Douglas Shaw Limited
7 Brenkley Way
Blezard Business Park
Seaton Burn
Tyne and Wear
NE13 6DS

Scotts Of Alnmouth Ltd (Registered number: 10270630)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 71,646 76,104
71,646 76,104

CURRENT ASSETS
Stocks 46,102 44,892
Debtors 6 171,921 -
Cash at bank 121,424 413,497
339,447 458,389
CREDITORS
Amounts falling due within one year 7 22,079 45,551
NET CURRENT ASSETS 317,368 412,838
TOTAL ASSETS LESS CURRENT
LIABILITIES

389,014

488,942

PROVISIONS FOR LIABILITIES 11,675 15,679
NET ASSETS 377,339 473,263

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 377,336 473,260
377,339 473,263

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.

Scotts Of Alnmouth Ltd (Registered number: 10270630)

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 17 July 2025 and were signed on its behalf by:





Mr A T Scott - Director


Scotts Of Alnmouth Ltd (Registered number: 10270630)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Scotts Of Alnmouth Ltd is a private company, limited by shares , registered in England and Wales. 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
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 2017, 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 10 years
Improvements to property - 10 years
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% 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.

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.


Scotts Of Alnmouth Ltd (Registered number: 10270630)

Notes to the Financial Statements - continued
for the Year Ended 31 October 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.

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 4 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 40,000
AMORTISATION
At 1 November 2023
and 31 October 2024 40,000
NET BOOK VALUE
At 31 October 2024 -
At 31 October 2023 -

Scotts Of Alnmouth Ltd (Registered number: 10270630)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
Short to and
leasehold property fittings
£    £    £   
COST
At 1 November 2023 21,141 21,141 58,640
Additions - - 20,599
At 31 October 2024 21,141 21,141 79,239
DEPRECIATION
At 1 November 2023 14,446 14,446 42,720
Charge for year 2,114 2,114 9,130
At 31 October 2024 16,560 16,560 51,850
NET BOOK VALUE
At 31 October 2024 4,581 4,581 27,389
At 31 October 2023 6,695 6,695 15,920

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 November 2023 53,495 12,021 166,438
Additions - - 20,599
At 31 October 2024 53,495 12,021 187,037
DEPRECIATION
At 1 November 2023 11,145 7,577 90,334
Charge for year 10,588 1,111 25,057
At 31 October 2024 21,733 8,688 115,391
NET BOOK VALUE
At 31 October 2024 31,762 3,333 71,646
At 31 October 2023 42,350 4,444 76,104

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Directors' loan accounts 158,350 -
Tax 13,571 -
171,921 -

Scotts Of Alnmouth Ltd (Registered number: 10270630)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade creditors 10,205 12,094
Tax - 13,571
Social security and other taxes - 96
VAT 10,150 1,221
Other creditors 124 149
Directors' loan accounts - 16,895
Accruals and deferred income 1,600 1,525
22,079 45,551

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.10.24 31.10.23
£    £   
Mr A T Scott and Mrs A Reeves-Scott
Balance outstanding at start of year (16,895 ) (14,841 )
Amounts advanced 201,623 -
Amounts repaid (26,378 ) (2,054 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 158,350 (16,895 )