7 false false false false false false false false false false true false false false false false false No description of principal activity 2024-01-01 Sage Accounts Production Advanced 2024 - FRS102_2024 xbrli:pure xbrli:shares iso4217:GBP SC283763 2024-01-01 2024-12-31 SC283763 2024-12-31 SC283763 2023-12-31 SC283763 2023-01-01 2023-12-31 SC283763 2023-12-31 SC283763 2022-12-31 SC283763 core:LandBuildings core:ShortLeaseholdAssets 2024-01-01 2024-12-31 SC283763 core:PlantMachinery 2024-01-01 2024-12-31 SC283763 core:MotorVehicles 2024-01-01 2024-12-31 SC283763 bus:Director1 2024-01-01 2024-12-31 SC283763 core:LandBuildings 2023-12-31 SC283763 core:PlantMachinery 2023-12-31 SC283763 core:MotorVehicles 2023-12-31 SC283763 core:LandBuildings 2024-12-31 SC283763 core:PlantMachinery 2024-12-31 SC283763 core:MotorVehicles 2024-12-31 SC283763 core:LandBuildings 2024-01-01 2024-12-31 SC283763 core:WithinOneYear 2024-12-31 SC283763 core:WithinOneYear 2023-12-31 SC283763 core:AfterOneYear 2024-12-31 SC283763 core:AfterOneYear 2023-12-31 SC283763 core:ShareCapital 2024-12-31 SC283763 core:ShareCapital 2023-12-31 SC283763 core:RetainedEarningsAccumulatedLosses 2024-12-31 SC283763 core:RetainedEarningsAccumulatedLosses 2023-12-31 SC283763 core:LandBuildings 2023-12-31 SC283763 core:PlantMachinery 2023-12-31 SC283763 core:MotorVehicles 2023-12-31 SC283763 bus:Director1 2023-12-31 SC283763 bus:Director1 2024-12-31 SC283763 bus:Director1 2022-12-31 SC283763 bus:Director1 2023-12-31 SC283763 bus:SmallEntities 2024-01-01 2024-12-31 SC283763 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 SC283763 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 SC283763 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 SC283763 bus:FullAccounts 2024-01-01 2024-12-31 SC283763 core:OfficeEquipment 2024-01-01 2024-12-31 SC283763 core:OfficeEquipment 2023-12-31 SC283763 core:OfficeEquipment 2024-12-31
COMPANY REGISTRATION NUMBER: SC283763
Lethenty Cabinetmakers Ltd
Filleted Unaudited Financial Statements
31 December 2024
Lethenty Cabinetmakers Ltd
Statement of Financial Position
31 December 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
46,588
55,883
Current assets
Stocks
81,369
62,850
Debtors
6
46,821
91,240
Cash at bank and in hand
34,326
60
---------
---------
162,516
154,150
Creditors: amounts falling due within one year
7
88,786
150,889
---------
---------
Net current assets
73,730
3,261
---------
--------
Total assets less current liabilities
120,318
59,144
Creditors: amounts falling due after more than one year
8
3,334
11,334
Provisions
Taxation including deferred tax
8,709
9,589
---------
--------
Net assets
108,275
38,221
---------
--------
Capital and reserves
Called up share capital
1
1
Profit and loss account
108,274
38,220
---------
--------
Shareholder funds
108,275
38,221
---------
--------
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 income and retained earnings has not been delivered.
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Lethenty Cabinetmakers Ltd
Statement of Financial Position (continued)
31 December 2024
These financial statements were approved by the board of directors and authorised for issue on 29 March 2025 , and are signed on behalf of the board by:
Mr G Winram
Director
Company registration number: SC283763
Lethenty Cabinetmakers Ltd
Notes to the Financial Statements
Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is Cairntradlin Workshop, Blackburn, Aberdeenshire, AB21 0SA.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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.
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:
Tenant's improvements
-
10% straight line
Plant and machinery
-
20% reducing balance
Motor vehicles
-
20% reducing balance
Office equipment
-
25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 7 (2023: 8 ).
5. Tangible assets
Land and buildings
Plant and machinery
Motor vehicles
Equipment
Total
£
£
£
£
£
Cost
At 1 January 2024
57,704
133,709
14,200
3,896
209,509
Additions
5,250
5,250
--------
---------
--------
-------
---------
At 31 December 2024
57,704
138,959
14,200
3,896
214,759
--------
---------
--------
-------
---------
Depreciation
At 1 January 2024
40,182
100,507
10,096
2,841
153,626
Charge for the year
5,770
7,690
821
264
14,545
--------
---------
--------
-------
---------
At 31 December 2024
45,952
108,197
10,917
3,105
168,171
--------
---------
--------
-------
---------
Carrying amount
At 31 December 2024
11,752
30,762
3,283
791
46,588
--------
---------
--------
-------
---------
At 31 December 2023
17,522
33,202
4,104
1,055
55,883
--------
---------
--------
-------
---------
6. Debtors
2024
2023
£
£
Trade debtors
10,864
33,278
Other debtors
35,957
57,962
--------
--------
46,821
91,240
--------
--------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
12,193
34,409
Trade creditors
15,452
25,066
Corporation tax
37,262
8,386
Social security and other taxes
13,075
49,979
Pension Fund Loan
2,207
Other creditors
10,804
30,842
--------
---------
88,786
150,889
--------
---------
8. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
3,334
11,334
-------
--------
9. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2024
Balance brought forward
Amounts repaid
Balance outstanding
£
£
£
Mr G Winram
41,830
( 22,000)
19,830
--------
--------
--------
2023
Balance brought forward
Amounts repaid
Balance outstanding
£
£
£
Mr G Winram
41,830
41,830
--------
----
--------