R.Anderson Joinery Ltd

	Page
Accountants' Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—7

Report to the director on the preparation of the unaudited statutory accounts of R.Anderson Joinery Ltd for the year ended 31 October 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of R.Anderson Joinery Ltd which comprise the Profit and Loss Account, the 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 the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made to the director of R.Anderson Joinery Ltd , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of R.Anderson Joinery Ltd and state those matters that we have agreed to state to the director of R.Anderson Joinery Ltd , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than R.Anderson Joinery Ltd and its director as a body for our work or for this report.

It is your duty to ensure that R.Anderson Joinery Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of R.Anderson Joinery Ltd . You consider that R.Anderson Joinery Ltd 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 accounts of R.Anderson Joinery Ltd . 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 financial statements.

2 September 2025

Nuvo Scotland Limited

Bankhead Drive

City South Office Park

Portlethen

Aberdeen

AB12 4XX

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R.Anderson Joinery Ltd

Balance Sheet

As At 31 October 2024

Balance Sheet

Registered number: SC578268

		2024		2023 as restated
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		27,065		230

			27,065		230
CURRENT ASSETS
Debtors	5	2,357		2,357
Cash at bank and in hand		10,531		10,757

		12,888		13,114
Creditors: Amounts Falling Due Within One Year	6	(55,723 )		(57,545 )

NET CURRENT ASSETS (LIABILITIES)			(42,835 )		(44,431 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(15,770 )		(44,201 )

Creditors: Amounts Falling Due After More Than One Year	7		(33,004 )		(17,374 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(6,766 )		-

NET LIABILITIES			(55,540 )		(61,575 )

CAPITAL AND RESERVES
Called up share capital			100		100
Profit and Loss Account			(55,640 )		(61,675 )

SHAREHOLDERS' FUNDS			(55,540)		(61,575)

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R.Anderson Joinery Ltd

Balance Sheet (continued)

As At 31 October 2024

For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr R Anderson

Director

2 September 2025

The notes on pages 4 to 7 form part of these financial statements.

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R.Anderson Joinery Ltd

Notes to the Financial Statements

For The Year Ended 31 October 2024

Notes to the Financial Statements

1. General Information

R.Anderson Joinery Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC578268 . The registered office is 4 Brockwood Park, Blackburn, Aberdeen, AB21 0JT.

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

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The financial statements have been prepared on a going concern basis on the confirmation from the director that the company will continue to trade for a period of no less than 12 months from the date of this report.

The directors acknowledges the negative balance sheet position and have given assurance that they will continue to support the company in order for it to meet it's obligations as they fall due by making funds available and ensuring that loans from associates are not called on for repayment until the company is in such a position to be able to make repayments.

2.3. Turnover

Turnover is stated net of VAT and trade discounts.Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where the contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total contract value. Where payments are received from customers in advance of services provided, the amounts are recorded as Deferred Income and included as part of Creditors due within one year.

2.4. Tangible Fixed Assets and Depreciation

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Assets held under finance leases are depreciated in the same way as owned assets.

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% on cost
Motor Vehicles	20% on cost
Fixtures & Fittings	25% on cost
Computer Equipment	33% on cost

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the 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 a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.

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R.Anderson Joinery Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2024

2.6. Financial Instruments

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other debtors and cash and bank balances are measured at transaction price

including transaction costs.

Financial assets are derecognised when the contractual rights to cash flows from the asset expire or are settled or when the company transfers the risks and rewards of ownership to another entity.

Basic financial liabilities

Basic financial liabilities, which include trade and other creditors and bank loans payable within one year are not amortised and is recognised at transaction price.

Debt instruments are initially recognised at transaction price plus transaction cost and subsequently carried at amortised cost using the effective interest rate method.

Financial liabilities are derecognised when the company's contractual obligations are discharged.

2.7. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2023: 1)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 November 2023	-	5,600	-	360	5,960
Additions	153	33,375	138	-	33,666
Disposals	-	(5,600 )	-	-	(5,600 )

As at 31 October 2024	153	33,375	138	360	34,026

...CONTINUED

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R.Anderson Joinery Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2024

Depreciation
As at 1 November 2023	-	5,600	-	130	5,730
Provided during the period	22	6,675	14	120	6,831
Disposals	-	(5,600 )	-	-	(5,600 )

As at 31 October 2024	22	6,675	14	250	6,961

Net Book Value
As at 31 October 2024	131	26,700	124	110	27,065

As at 1 November 2023	-	-	-	230	230

5. Debtors

	2024	2023 as restated
	£	£
Due within one year
Other debtors	2,357	2,357

6. Creditors: Amounts Falling Due Within One Year

	2024	2023 as restated
	£	£
Net obligations under finance lease and hire purchase contracts	4,914	-
Trade creditors	15,857	8,434
Bank loans and overdrafts	2,944	2,876
Corporation tax	(193 )	746
Other taxes and social security	240	-
VAT	11,908	5,761
Other creditors	255	255
Director's loan account	19,798	39,473

	55,723	57,545

7. Creditors: Amounts Falling Due After More Than One Year

	2024	2023 as restated
	£	£
Net obligations under finance lease and hire purchase contracts	18,574	-
Bank loans	14,430	17,374

	33,004	17,374

8. Obligations Under Finance Leases and Hire Purchase

	2024	2023 as restated
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	4,914	-
Later than one year and not later than five years	18,574	-

	23,488	-

	23,488	-

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R.Anderson Joinery Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2024

9. Provisions for Liabilities


	Deferred Tax	Total
	£	£
Deferred taxation	6,766	6,766

Balance at 31 October 2024	6,766	6,766

10. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 November 2023	Amounts advanced	Amounts repaid	Amounts written off	As at 31 October 2024
	£	£	£	£	£
Mr Robert Anderson	(39,473 )	36,291	(16,616 )	-	(19,798 )

The above loan is interest free and has no fixed repayment terms.

11. Related Party Transactions

As at 31 October 2024, there is a loan due to an individual who has participating interesting in the company of £255 (2023: £255). The loan is interest free and no fixed terms for repayment.

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