Company registration number SC106036 (Scotland)
REDWOOD (SCOTLAND) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
REDWOOD (SCOTLAND) LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
REDWOOD (SCOTLAND) LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
31 Dec 2024
31 May 2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
44,718
29,891
Current assets
Stocks
17,003
25,080
Debtors
4
280,242
163,586
Cash at bank and in hand
166,040
261,517
463,285
450,183
Creditors: amounts falling due within one year
5
(139,610)
(193,736)
Net current assets
323,675
256,447
Total assets less current liabilities
368,393
286,338
Provisions for liabilities
(11,180)
(5,679)
Net assets
357,213
280,659
Capital and reserves
Called up share capital
6
200
200
Capital redemption reserve
100
100
Profit and loss reserves
356,913
280,359
Total equity
357,213
280,659

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial period ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 6 August 2025
Mr M J D McLaughlin
Director
Company Registration No. SC106036
REDWOOD (SCOTLAND) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
- 2 -
1
Accounting policies
Company information

Redwood (Scotland) Limited is a private company limited by shares incorporated in Scotland. The registered office is Redwood, Kinfauns, Perth, United Kingdom, PH2 7JZ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Reporting period

The company's year end has been shortened to align more with the company's business cycle.

1.3
Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax, for installations and work done during the year.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
- 20% reducing balance
Fixtures and fittings
- 10% reducing balance
Computers
- 25% reducing balance
Motor vehicles
- 25% reducing balance
1.5
Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Work in progress is valued at the lower of of cost and net realisable value.

Cost includes all direct expenditure and appropriate proportion of fixed and variable overheads.

1.6
Taxation

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

REDWOOD (SCOTLAND) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 3 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.8
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2024
2024
Number
Number
Total
8
9
REDWOOD (SCOTLAND) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2024
- 4 -
3
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 June 2024
13,022
334
3,335
88,641
105,332
Additions
-
0
320
-
0
24,495
24,815
Disposals
-
0
-
0
-
0
(18,310)
(18,310)
At 31 December 2024
13,022
654
3,335
94,826
111,837
Depreciation and impairment
At 1 June 2024
7,642
294
1,502
66,003
75,441
Depreciation charged in the period
627
21
267
6,498
7,413
Eliminated in respect of disposals
-
0
-
0
-
0
(15,735)
(15,735)
At 31 December 2024
8,269
315
1,769
56,766
67,119
Carrying amount
At 31 December 2024
4,753
339
1,566
38,060
44,718
At 31 May 2024
5,380
40
1,833
22,638
29,891
4
Debtors
2024
2024
Amounts falling due within one year:
£
£
Trade debtors
268,088
134,822
Corporation tax recoverable
1,609
18,157
Other debtors
10,545
10,607
280,242
163,586
5
Creditors: amounts falling due within one year
2024
2024
£
£
Trade creditors
23,636
41,309
Corporation tax
11,540
-
0
Other taxation and social security
39,409
46,091
Other creditors
65,025
106,336
139,610
193,736
6
Called up share capital
2024
2024
2024
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
200
200
200
200
REDWOOD (SCOTLAND) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2024
6
Called up share capital
(Continued)
- 5 -
7
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
2024
£
£
26,780
30,385
8
Ultimate controlling party

The ultimate controlling party is M J D McLaughlin, the sole director.

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