Scot Tile Contracts Limited - Filleted accounts

Registered number

SC153711

Scot Tile Contracts Limited

Filleted Accounts

31 December 2024

Scot Tile Contracts Limited
Registered number:		SC153711
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	3		26,770			24,809
Investments	4		1,000			1,000
			27,770			25,809

Current assets
Stocks		32,784			48,885
Debtors	5	290,934			361,128
Cash at bank and in hand		71,635			89,939
		395,353			499,952

Creditors: amounts falling due within one year	6	(50,238)			(107,670)

Net current assets			345,115			392,282

Total assets less current liabilities			372,885			418,091


Provisions for liabilities			(6,532)			(5,460)


Net assets			366,353			412,631

Capital and reserves
Called up share capital			100			100
Profit and loss account			366,253			412,531

Shareholders' funds			366,353			412,631

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Keith David Smith Colin Ian Patrick
Directors
Approved by the board on 11 September 2025

Scot Tile Contracts Limited
Notes to the Accounts
for the year ended 31 December 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Commercial Vehicles			25% Reducing balance
	Fixtures, fittings, tools and equipment			20% Straight line

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.





	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Leased assets
	Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2024		2023
Number							Number

	Average number of persons employed by the company					8		7


3	Tangible fixed assets
		Land and buildings		Fittings & Equipment		Commercial Vehicles		Total
£			£		£		£
	Cost
	At 1 January 2024	2,122		30,009		81,080		113,211
	Additions	-		1,638		8,595		10,233
	At 31 December 2024	2,122		31,647		89,675		123,444

	Depreciation
	At 1 January 2024	2,122		29,372		56,908		88,402
	Charge for the year	-		259		8,013		8,272
	At 31 December 2024	2,122		29,631		64,921		96,674

	Net book value
	At 31 December 2024	-		2,016		24,754		26,770
	At 31 December 2023	-		637		24,172		24,809



4	Investments
Investments in subsidiary undertaings
£
	Cost
	At 1 January 2024							1,000

	At 31 December 2024							1,000

5	Debtors					2024		2023
£							£

	Trade debtors					267,659		339,535
	Amounts owed by group undertakings and undertakings in which the company has a participating interest					16		-
	Other debtors					23,259		21,593
						290,934		361,128

6	Creditors: amounts falling due within one year					2024		2023
£							£

	Trade creditors					23,393		69,102
	Amounts owed to group undertakings and undertakings in which the company has a participating interest					-		38
	Taxation and social security costs					12,752		25,087
	Other creditors					14,093		13,443
						50,238		107,670


7	Directors Loan
	Interest free, unsecured &	B/fwd	Paid		Repaid		C/fwd
	repayable on demand	£	£		£		£

	Mr Keith David Smith	(5)		16,043		(18,500)		(2,462)


	Mr Colin Ian Patrick	(1,161)		19,661		(18,500)		-

		(1,166)		35,704		(37,000)		(2,462)


8	Other information

	Scot Tile Contracts Limited is a private company limited by shares and incorporated in Scotland. Its registered office is:
	20A Bridge Street
	Musselburgh
	East Lothian
	EH21 6AG