The Original Log Homes Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: SC274019

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		15,762		21,018

			15,762		21,018
CURRENT ASSETS
Stocks	5	2,000		9,500
Debtors	6	14,180		2,638
Cash at bank and in hand		2,672		6,760

		18,852		18,898
Creditors: Amounts Falling Due Within One Year	7	(39,650 )		(35,083 )

NET CURRENT ASSETS (LIABILITIES)			(20,798 )		(16,185 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(5,036 )		4,833

PROVISIONS FOR LIABILITIES
Deferred Taxation			-		(1,901 )

NET (LIABILITIES)/ASSETS			(5,036 )		2,932

CAPITAL AND RESERVES
Called up share capital	8		2		2
Profit and Loss Account			(5,038 )		2,930

SHAREHOLDERS' FUNDS			(5,036)		2,932

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The Original Log Homes Limited

Balance Sheet (continued)

As At 30 November 2024

For the year ending 30 November 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 J Dunbar

Director

14/10/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

The Original Log Homes Limited is a private company, limited by shares, incorporated in Scotland, registered number SC274019 . The registered office is Tigh -na-moulin, Kiltarlity, Beauly, Inverness-shire, IV4 7HG.

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. 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 is reduced for estimated customer returns, rebates and other similar allowances.

2.3. Tangible Fixed Assets and Depreciation

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% reducing balance basis
Motor Vehicles	25% reducing balance basis
Fixtures & Fittings	25% reducing balance basis

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. Taxation

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

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 end of the reporting period.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences. 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.

3. Average Number of Employees

Average number of employees, including the director, during the year was as follows: 1 (2023: 1)

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The Original Log Homes Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2024

4. Tangible Assets

	Plant & Machinery etc.
	£
Cost
As at 1 December 2023	63,471

As at 30 November 2024	63,471

Depreciation
As at 1 December 2023	42,453
Provided during the period	5,256

As at 30 November 2024	47,709

Net Book Value
As at 30 November 2024	15,762

As at 1 December 2023	21,018

5. Stocks

	2024	2023
	£	£
Stock	2,000	2,000
Work in progress	-	7,500

	2,000	9,500

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	14,180	2,638

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	85	1,296
Other creditors	37,471	32,935
Taxation and social security	2,094	852

	39,650	35,083

8. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	2	2

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