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REGISTERED NUMBER: SC580389 (Scotland)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

A R CLOTWORTHY PERFORMANCE LTD

A R CLOTWORTHY PERFORMANCE LTD (REGISTERED NUMBER: SC580389)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A R CLOTWORTHY PERFORMANCE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTOR: A Clotworthy





REGISTERED OFFICE: 54 Brora Crescent
Kilmarnock
Ayrshire
KA3 1AF





REGISTERED NUMBER: SC580389 (Scotland)





ACCOUNTANTS: Henry Brown & Co
Chartered Accountants
26 Portland Road
Kilmarnock
Ayrshire
KA1 2EB

A R CLOTWORTHY PERFORMANCE LTD (REGISTERED NUMBER: SC580389)

BALANCE SHEET
30 NOVEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 101,555 62,881

CURRENT ASSETS
Stocks 5,500 5,500
Debtors 5 3,976 12,374
Cash at bank 29,492 41,061
38,968 58,935
CREDITORS
Amounts falling due within one year 6 34,968 47,015
NET CURRENT ASSETS 4,000 11,920
TOTAL ASSETS LESS CURRENT
LIABILITIES

105,555

74,801

CREDITORS
Amounts falling due after more than one
year

7

(70,019

)

(53,160

)

PROVISIONS FOR LIABILITIES (24,853 ) (11,514 )
NET ASSETS 10,683 10,127

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 10,682 10,126
10,683 10,127

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

A R CLOTWORTHY PERFORMANCE LTD (REGISTERED NUMBER: SC580389)

BALANCE SHEET - continued
30 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 August 2025 and were signed by:





A Clotworthy - Director


A R CLOTWORTHY PERFORMANCE LTD (REGISTERED NUMBER: SC580389)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1. STATUTORY INFORMATION

A R Clotworthy Performance Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The financial statements relate to a single company.

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 each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Motor vehicles - 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.

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.

A R CLOTWORTHY PERFORMANCE LTD (REGISTERED NUMBER: SC580389)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 3 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 December 2023 129,946 18,995 148,941
Additions 14,000 41,938 55,938
Disposals - (18,995 ) (18,995 )
At 30 November 2024 143,946 41,938 185,884
DEPRECIATION
At 1 December 2023 73,415 12,645 86,060
Charge for year 10,055 2,317 12,372
Eliminated on disposal - (14,103 ) (14,103 )
At 30 November 2024 83,470 859 84,329
NET BOOK VALUE
At 30 November 2024 60,476 41,079 101,555
At 30 November 2023 56,531 6,350 62,881

A R CLOTWORTHY PERFORMANCE LTD (REGISTERED NUMBER: SC580389)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 December 2023 8,090 18,995 27,085
Additions 9,400 41,938 51,338
Disposals - (18,995 ) (18,995 )
Transfer to ownership (8,090 ) - (8,090 )
At 30 November 2024 9,400 41,938 51,338
DEPRECIATION
At 1 December 2023 1,298 12,645 13,943
Charge for year 2,190 2,317 4,507
Eliminated on disposal - (14,103 ) (14,103 )
Transfer to ownership (2,317 ) - (2,317 )
At 30 November 2024 1,171 859 2,030
NET BOOK VALUE
At 30 November 2024 8,229 41,079 49,308
At 30 November 2023 6,792 6,350 13,142

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 5,670
Other debtors 3,976 6,704
3,976 12,374

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,946 10,437
Hire purchase contracts (see note 8) 9,759 5,724
Trade creditors 10,889 8,566
Taxation and social security 1,231 17,187
Other creditors 2,143 5,101
34,968 47,015

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 41,323 52,268
Hire purchase contracts (see note 8) 28,696 892
70,019 53,160

A R CLOTWORTHY PERFORMANCE LTD (REGISTERED NUMBER: SC580389)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 2,411 8,360

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

Hire purchase
contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 9,759 5,724
Between one and five years 28,696 892
38,455 6,616

The total amount of leasing payments due on the lease of the property over the full lease duration is £88,484..

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 52,269 62,705
Hire purchase contracts 38,455 6,616
90,724 69,321

The bank loan is secured by a bond and floating charge over the assets of the company and by a personal guarantee from director A Clotworthy.

The hire purchase agreements are secured against the assets and by a personal guarantee from director A Clotworthy.

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
A Clotworthy
Balance outstanding at start of year 6,704 8,950
Amounts repaid (6,704 ) (2,246 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 6,704