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REGISTERED NUMBER: SC051328 (Scotland)















Unaudited Financial Statements for the Year Ended 30th November 2024

for

J.d. Todd And Company Limited
Trading as
Norland Distributors

J.d. Todd And Company Limited (Registered number: SC051328)
Trading as Norland Distributors

Contents of the Financial Statements
for the year ended 30th November 2024










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


J.d. Todd And Company Limited
Trading as Norland Distributors

Company Information
for the year ended 30th November 2024







Directors: W Duncan
A Wardhaugh





Secretary: A Wardhaugh





Registered office: 4th Floor Metropolitan House
31-33 High Street
Inverness
IV1 1HT





Registered number: SC051328 (Scotland)





Accountants: Frame Kennedy
4th Floor Metropolitan House
31-33 High Street
Inverness
IV1 1HT

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
J.d. Todd And Company Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of J.d. Todd And Company Limited for the year ended 30th November 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-preparation-of-accounts.

This report is made solely to the Board of Directors of J.d. Todd And Company Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of J.d. Todd And Company Limited and state those matters that we have agreed to state to the Board of Directors of J.d. Todd And Company Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that J.d. Todd And Company Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of J.d. Todd And Company Limited. You consider that J.d. Todd And Company Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of J.d. Todd And Company Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Frame Kennedy
4th Floor Metropolitan House
31-33 High Street
Inverness
IV1 1HT


14th July 2025

J.d. Todd And Company Limited (Registered number: SC051328)
Trading as Norland Distributors

Balance Sheet
30th November 2024

2024 2023
as restated
Notes £    £    £    £   
Fixed assets
Tangible assets 4 30,267 39,867

Current assets
Stocks 131,742 140,817
Debtors 5 99,331 97,833
Cash at bank and in hand 29,856 46,373
260,929 285,023
Creditors
Amounts falling due within one year 6 229,510 211,524
Net current assets 31,419 73,499
Total assets less current liabilities 61,686 113,366

Creditors
Amounts falling due after more than one
year

7

5,599

13,998
Net assets 56,087 99,368

Capital and reserves
Called up share capital 1,120 1,120
Retained earnings 54,967 98,248
56,087 99,368

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 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.

J.d. Todd And Company Limited (Registered number: SC051328)
Trading as Norland Distributors

Balance Sheet - continued
30th November 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14th July 2025 and were signed on its behalf by:





A Wardhaugh - Director


J.d. Todd And Company Limited (Registered number: SC051328)
Trading as Norland Distributors

Notes to the Financial Statements
for the year ended 30th November 2024


1. Statutory information

J.d. Todd And Company 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life (or if held under a finance lease, over hte lease term, whichever is the shorter).


Plant and machinery -15% reducing balance
Fitting fixtures and equipment -15% reducing balance
Motor vehicles -25% reducing balance
Tenants Improvements -15% 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 Statement of Income and Retained Earnings, 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.


J.d. Todd And Company Limited (Registered number: SC051328)
Trading as Norland Distributors

Notes to the Financial Statements - continued
for the year ended 30th November 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.

Fair value
Fair value is the amount for which an asset could be exchanged or a liability settled between knowledgeable, willing parties in an arm's length transaction.

3. Employees and directors

The average number of employees during the year was 5 (2023 - 5 ) .

4. Tangible fixed assets
Fixtures
Plant and and Motor Tenants
machinery fittings vehicles Improvements Totals
£    £    £    £    £   
Cost
At 1st December 2023
and 30th November 2024 38,992 24,598 57,725 5,317 126,632
Depreciation
At 1st December 2023 37,016 23,229 21,539 4,981 86,765
Charge for year 297 206 9,046 51 9,600
At 30th November 2024 37,313 23,435 30,585 5,032 96,365
Net book value
At 30th November 2024 1,679 1,163 27,140 285 30,267
At 30th November 2023 1,976 1,369 36,186 336 39,867

J.d. Todd And Company Limited (Registered number: SC051328)
Trading as Norland Distributors

Notes to the Financial Statements - continued
for the year ended 30th November 2024


5. Debtors: amounts falling due within one year
2024 2023
as restated
£    £   
Trade debtors 60,518 61,956
Other debtors 38,813 35,877
99,331 97,833

6. Creditors: amounts falling due within one year
2024 2023
as restated
£    £   
Hire purchase contracts 8,399 13,657
Trade creditors 53,453 21,549
Taxation and social security 9,494 13,732
Other creditors 158,164 162,586
229,510 211,524

7. Creditors: amounts falling due after more than one year
2024 2023
as restated
£    £   
Hire purchase contracts 5,599 13,998