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REGISTERED NUMBER: SC100284 (Scotland)











































Bryce of Scotland (Fencing) Limited

Unaudited Financial Statements

for the Year Ended 30th November 2024






Bryce of Scotland (Fencing) Limited (Registered number: SC100284)






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




Page

Company information 1

Balance sheet 2 to 3

Notes to the financial statements 4 to 8


Bryce of Scotland (Fencing) Limited

Company Information
for the year ended 30th November 2024







Directors: S J Bryce
J M Bryce
Mrs J J Bryce
A J Bryce





Secretary: Mrs J J Bryce





Registered office: Linton Hill
Linton
Kelso
Roxburghshire
TD5 8AE





Registered number: SC100284 (Scotland)





Accountants: Rennie Welch LLP
Academy House
Shedden Park Road
Kelso
Roxburghshire
TD5 7AL

Bryce of Scotland (Fencing) Limited (Registered number: SC100284)

Balance Sheet
30th November 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 4 11,493 18,070
Tangible assets 5 232,708 211,822
244,201 229,892

Current assets
Stocks 306,663 245,292
Debtors 6 121,066 73,589
Cash at bank 151,746 98,377
579,475 417,258
Creditors
Amounts falling due within one year 7 483,832 373,889
Net current assets 95,643 43,369
Total assets less current liabilities 339,844 273,261

Creditors
Amounts falling due after more than one
year

8

(8,483

)

(15,887

)

Provisions for liabilities (46,959 ) (34,884 )
Net assets 284,402 222,490

Capital and reserves
Called up share capital 10,000 10,000
Retained earnings 274,402 212,490
Shareholders' funds 284,402 222,490

Bryce of Scotland (Fencing) Limited (Registered number: SC100284)

Balance Sheet - continued
30th November 2024


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.

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 28th August 2025 and were signed on its behalf by:





J M Bryce - Director


Bryce of Scotland (Fencing) Limited (Registered number: SC100284)

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

1. Statutory information

Bryce of Scotland (Fencing) 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 represents the total invoice value, excluding value added tax, of sales made during the year, or the fair value of services provided.

Turnover arising from the sale of goods is recognised when the significant risks and rewards of ownership have passed to the buyer.

Turnover arising from the provision of services is recognised as contract activity progresses and the right to consideration is earned.

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.
Improvements to property - Straight line over the life of the lease
Equipment - 20% on cost
Tractors - 20% on cost
Motor vehicles - 25% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Stocks
Stock is valued at the lower of cost and net realisable value. Cost includes all direct expenditure and appropriate proportion of fixed and variable overheads. Net realisable value is based on estimated selling prices less further costs expected to be incurred in bringing the stock to completion.

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, accruals, hire purchase contracts and directors' loans.

Hire purchase contracts are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors' loans (being repayable on demand), trade debtors, trade creditors and accruals are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.


Bryce of Scotland (Fencing) Limited (Registered number: SC100284)

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

2. Accounting policies - continued
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.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce constant periodic rates of charge on the net obligations outstanding in each period.

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.

Patents
Patents are valued at cost less accumulated amortisation.

Amortisation is calculated to write off the cost in equal annual instalments over their estimated useful life of either 10 or 20 years.

Employee benefits
Short term employee benefits, including holiday pay, are recognised as an expense in the Statement of Income and Retained Earnings in the period in which they are incurred.

Going concern
The directors have considered the company's financial position for a minimum period of 12 months and beyond from the date of signing these financial statements and have an expectation that the company should be in a position to continue trading in the current format for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing these financial statements.

3. Employees and directors

The average number of employees during the year was 9 (2023 - 9 ) .

Bryce of Scotland (Fencing) Limited (Registered number: SC100284)

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

4. Intangible fixed assets
Patents
£   
Cost
At 1st December 2023
and 30th November 2024 203,346
Amortisation
At 1st December 2023 185,276
Amortisation for year 6,577
At 30th November 2024 191,853
Net book value
At 30th November 2024 11,493
At 30th November 2023 18,070

5. Tangible fixed assets
Improvements
to Motor
property Equipment Tractors vehicles Totals
£    £    £    £    £   
Cost
At 1st December 2023 200,827 611,316 198,880 183,760 1,194,783
Additions - 40,929 - 27,491 68,420
Disposals - - - (16,228 ) (16,228 )
At 30th November 2024 200,827 652,245 198,880 195,023 1,246,975
Depreciation
At 1st December 2023 107,971 525,852 198,880 150,258 982,961
Charge for year 12,108 26,590 - 8,836 47,534
Eliminated on disposal - - - (16,228 ) (16,228 )
At 30th November 2024 120,079 552,442 198,880 142,866 1,014,267
Net book value
At 30th November 2024 80,748 99,803 - 52,157 232,708
At 30th November 2023 92,856 85,464 - 33,502 211,822

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 93,546 44,195
Other debtors 27,520 29,394
121,066 73,589

Bryce of Scotland (Fencing) Limited (Registered number: SC100284)

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

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Hire purchase contracts 7,404 9,113
Trade creditors 282,460 245,979
Taxation and social security 29,205 5,907
Other creditors 164,763 112,890
483,832 373,889

8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Hire purchase contracts 8,483 15,887

9. Secured debts

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 15,887 25,000

The HP liabilities are secured against the assets to which they relate.

Bryce of Scotland (Fencing) Limited (Registered number: SC100284)

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

10. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 30th November 2024 and 30th November 2023:

20242023
££
Director 1
Balance outstanding at start of year14,8422,891
Amounts advanced30,12242,480
Amounts repaid(16,915)(30,529)
Balance outstanding at end of year28,04914,842

Director 2
Balance outstanding at start of year10,44211,729
Amounts advanced36,15433,663
Amounts repaid(16,915)(34,950)
Balance outstanding at end of year29,68110,442

Directors 3 and 4
Balance outstanding at start of year--
Amounts advanced6,371-
Amounts repaid(1,590)-
Balance outstanding at end of year4,781-

These loans are unsecured, repayable on demand and interest has been charged at the official rates as published by H.M. Revenue & Customs.

11. Post balance sheet events

Since the year end the following dividends have been declared:

On 5th April 2025, a final dividend for the year ended 30th November 2024 of £4 per share has been declared.

On 28th August 2025, a final dividend for the year ended 30th November 2024 of £2.31579 per share has been declared.