Company registration number SC507473 (Scotland)
BOOTH SCOTLAND LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
BOOTH SCOTLAND LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 8
BOOTH SCOTLAND LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
3
13,795
26,367
Tangible assets
4
1,120,555
1,096,506
1,134,350
1,122,873
Current assets
Stocks
5
474,838
466,611
Debtors
6
92,906
94,750
Cash at bank and in hand
833
726
568,577
562,087
Creditors: amounts falling due within one year
7
(768,598)
(647,742)
Net current liabilities
(200,021)
(85,655)
Total assets less current liabilities
934,329
1,037,218
Creditors: amounts falling due after more than one year
8
(194,223)
(237,141)
Provisions for liabilities
(9,005)
(13,095)
Net assets
731,101
786,982
Financed by
Loans
300,578
340,302
Capital and reserves
Called up share capital
20
20
Profit and loss reserves
430,503
446,660
Total equity
731,101
786,982

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 year 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 year 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.

BOOTH SCOTLAND LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024
31 December 2024
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 17 September 2025
T W A BOOTH
T W A Booth
Director
Company Registration No. SC507473
BOOTH SCOTLAND LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 3 -
1
Accounting policies
Company information

Booth Scotland Limited is a private company limited by shares incorporated in Scotland. The registered office is 5 Burn Lane, Inverurie, Aberdeenshire, AB51 4UZ.

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

1.2
Going concern

These financial statements are prepared on a going concern basis. At the balance sheet date, the company had net current liabilities of £200,021. Included within these liabilities are amounts due to the directors of £300,578. The directors have confirmed that they shall not seek repayment of amounts due to them. Furthermore, the directors have confirmed they shall continue to support the company to facilitate its ability to continue as a going concern for the foreseeable future. These factors, combined with income expected to be generated from property rental and farming activities means that the directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future. true

As a result, the director s ha ve continued to adopt the going concern basis of accounting in preparing the annual financial statements.

1.3
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.4
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life.

BOOTH SCOTLAND LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 4 -
1.5
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

1.6
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:

Fixtures and fittings
10% straight line
Computers
20% straight line
Motor vehicles
25% reducing balance
Other fixed assets
33% reducing balance

Freehold land is not depreciated.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.7
Stocks and work in progress

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.8
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9
Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade debtors and creditors. These are measured at amortised cost and 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 comprehensive income.

1.10
Taxation

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

BOOTH SCOTLAND LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 5 -
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.

1.11

Finance costs

Finance costs are charged to the Statement of comprehensive income over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

1.12

Interest income

Interest income is recognised in the Statement of comprehensive income using the effective interest method.

2
Employees

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

2024
2023
Number
Number
Total
21
22
BOOTH SCOTLAND LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 6 -
3
Intangible fixed assets
Goodwill
Other intangible assets
Total
£
£
£
Cost
At 1 January 2024 and 31 December 2024
123,667
2,045
125,712
Amortisation and impairment
At 1 January 2024
98,935
410
99,345
Amortisation charged for the year
12,367
205
12,572
At 31 December 2024
111,302
615
111,917
Carrying amount
At 31 December 2024
12,365
1,430
13,795
At 31 December 2023
24,732
1,635
26,367
4
Tangible fixed assets
Freehold land and buildings
Fixtures and fittings
Computers
Motor vehicles
Other fixed assets
Total
£
£
£
£
£
£
Cost
At 1 January 2024
1,010,652
81,977
59,343
159,154
38,069
1,349,195
Additions
-
0
-
0
-
0
71,669
-
0
71,669
Disposals
-
0
-
0
-
0
(22,995)
-
0
(22,995)
At 31 December 2024
1,010,652
81,977
59,343
207,828
38,069
1,397,869
Depreciation and impairment
At 1 January 2024
-
0
80,098
40,031
94,491
38,069
252,689
Depreciation charged in the year
-
0
213
8,226
28,851
-
0
37,290
Eliminated in respect of disposals
-
0
-
0
-
0
(12,665)
-
0
(12,665)
At 31 December 2024
-
0
80,311
48,257
110,677
38,069
277,314
Carrying amount
At 31 December 2024
1,010,652
1,666
11,086
97,151
-
0
1,120,555
At 31 December 2023
1,010,652
1,879
19,312
64,663
-
0
1,096,506
5
Stocks
2024
2023
£
£
Stocks
474,838
466,611
BOOTH SCOTLAND LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 7 -
6
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
-
0
1,333
Other debtors
92,906
93,417
92,906
94,750
7
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
184,190
143,223
Trade creditors
222,104
223,214
Corporation tax
5,142
35,587
Other taxation and social security
71,509
70,870
Other creditors
285,653
174,848
768,598
647,742

The bank loan is secured over the asset owned by the company by means of a fixed and floating charge.

Included in other creditors are net obligations of £12,706 (2023 - £712) under hire purchase contracts which are secured over the assets to which they relate.

8
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
68,398
115,068
Other creditors
125,825
122,073
194,223
237,141

Included in other creditors are net obligations of £41,288 (2023 - £nil) under hire purchase contracts which are secured over the assets to which they relate.

BOOTH SCOTLAND LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 8 -
9
Loans and overdrafts
2024
2023
£
£
Bank loans
113,285
148,167
Bank overdrafts
139,303
110,124
271,488
258,291
Payable within one year
184,190
143,223
Payable after one year
87,298
115,068
10
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
2023
£
£
14,390
811
11
Related party transactions

During the year, the company made advances to the director s of £64,725 and credits of £25,000 were received which resulted in amounts due from the company at the year end of £300,578 (20 23 - £340,303).

2024-12-31 2024-01-01 false false false 17 September 2025 CCH Software CCH Accounts Production 2025.200 No description of principal activity Mr Trevor Booth SC507473 2024-01-01 2024-12-31 SC507473 2024-12-31 SC507473 2023-12-31 SC507473 core:Goodwill 2024-12-31 SC507473 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2024-12-31 SC507473 core:Goodwill 2023-12-31 SC507473 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2023-12-31 SC507473 core:LandBuildings core:OwnedOrFreeholdAssets 2024-12-31 SC507473 core:FurnitureFittings 2024-12-31 SC507473 core:ComputerEquipment 2024-12-31 SC507473 core:MotorVehicles 2024-12-31 SC507473 core:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment 2024-12-31 SC507473 core:LandBuildings core:OwnedOrFreeholdAssets 2023-12-31 SC507473 core:FurnitureFittings 2023-12-31 SC507473 core:ComputerEquipment 2023-12-31 SC507473 core:MotorVehicles 2023-12-31 SC507473 core:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment 2023-12-31 SC507473 dpl:Item1 2024-12-31 SC507473 dpl:Item1 2023-12-31 SC507473 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 SC507473 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 SC507473 core:CurrentFinancialInstruments 2024-12-31 SC507473 core:CurrentFinancialInstruments 2023-12-31 SC507473 core:Non-currentFinancialInstruments 2024-12-31 SC507473 core:Non-currentFinancialInstruments 2023-12-31 SC507473 core:ShareCapital 2024-12-31 SC507473 core:ShareCapital 2023-12-31 SC507473 core:RetainedEarningsAccumulatedLosses 2024-12-31 SC507473 core:RetainedEarningsAccumulatedLosses 2023-12-31 SC507473 bus:Director1 2024-01-01 2024-12-31 SC507473 core:Goodwill 2024-01-01 2024-12-31 SC507473 core:IntangibleAssetsOtherThanGoodwill 2024-01-01 2024-12-31 SC507473 core:FurnitureFittings 2024-01-01 2024-12-31 SC507473 core:ComputerEquipment 2024-01-01 2024-12-31 SC507473 core:MotorVehicles 2024-01-01 2024-12-31 SC507473 core:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment 2024-01-01 2024-12-31 SC507473 2023-01-01 2023-12-31 SC507473 core:Goodwill 2023-12-31 SC507473 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2023-12-31 SC507473 2023-12-31 SC507473 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2024-01-01 2024-12-31 SC507473 core:LandBuildings core:OwnedOrFreeholdAssets 2023-12-31 SC507473 core:FurnitureFittings 2023-12-31 SC507473 core:ComputerEquipment 2023-12-31 SC507473 core:MotorVehicles 2023-12-31 SC507473 core:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment 2023-12-31 SC507473 core:LandBuildings core:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 SC507473 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-01 2024-12-31 SC507473 core:Non-currentFinancialInstruments 2024-01-01 2024-12-31 SC507473 core:Non-currentFinancialInstruments 1 2024-12-31 SC507473 core:Non-currentFinancialInstruments 1 2023-12-31 SC507473 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 SC507473 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 SC507473 bus:FRS102 2024-01-01 2024-12-31 SC507473 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 SC507473 bus:FullAccounts 2024-01-01 2024-12-31 xbrli:pure xbrli:shares iso4217:GBP