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CORBETT & SHIELDS LTD

Registered Number
SC680828
(Scotland)

Unaudited Financial Statements for the Year ended
30 November 2024

CORBETT & SHIELDS LTD
Company Information
for the year from 1 December 2023 to 30 November 2024

Directors

ATKINSON, Scott
SELLAR, Mary

Registered Address

C/O Mccreath Accountancy Phoenix House, Ground Floor Left,
Phoenix Business Park
Linwood
PA1 2BH

Registered Number

SC680828 (Scotland)
CORBETT & SHIELDS LTD
Balance Sheet as at
30 November 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets32,9504,212
2,9504,212
Current assets
Debtors29,5084,680
Cash at bank and on hand130,71392,646
160,22197,326
Creditors amounts falling due within one year4(5,767)(365)
Net current assets (liabilities)154,45496,961
Total assets less current liabilities157,404101,173
Creditors amounts falling due after one year5(55,925)-
Net assets101,479101,173
Capital and reserves
Profit and loss account101,479101,173
Shareholders' funds101,479101,173
The financial statements were approved and authorised for issue by the Board of Directors on 27 August 2025, and are signed on its behalf by:
SELLAR, Mary
Director
Registered Company No. SC680828
CORBETT & SHIELDS LTD
Notes to the Financial Statements
for the year ended 30 November 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
2.Average number of employees

20242023
Average number of employees during the year04
3.Tangible fixed assets

Plant & machinery

Office Equipment

Total

£££
Cost or valuation
At 01 December 234685,0065,474
At 30 November 244685,0065,474
Depreciation and impairment
At 01 December 231171,1451,262
Charge for year1171,1451,262
At 30 November 242342,2902,524
Net book value
At 30 November 242342,7162,950
At 30 November 233513,8614,212
4.Creditors: amounts due within one year

2024

2023

££
Taxation and social security365365
Other creditors5,402-
Total5,767365
5.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts55,925-
Total55,925-