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Company Registration No. SC314895 (Scotland)
S & D Development Ltd Unaudited accounts for the year ended 30 April 2025
S & D Development Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
S & D Development Ltd Company Information for the year ended 30 April 2025
Director
Stuart McNellan
Company Number
SC314895 (Scotland)
Registered Office
Unit 4 Centre Point 61B Montrose Street Hillington Park Glasgow G52 4LA United Kingdom
Accountants
Ascent Accounting Ltd Studio 106 Embroidery Mill Seedhill Paisley PA1 1TJ
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S & D Development Ltd Statement of financial position as at 30 April 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
27,378
36,629
Current assets
Debtors
5
94,909
492,201
Cash at bank and in hand
423,020
255,534
517,929
747,735
Creditors: amounts falling due within one year
6
(214,024)
(532,786)
Net current assets
303,905
214,949
Net assets
331,283
251,578
Capital and reserves
Called up share capital
100
100
Profit and loss account
331,183
251,478
Shareholders' funds
331,283
251,578
For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 19 July 2025 and were signed on its behalf by
Stuart McNellan Director Company Registration No. SC314895
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S & D Development Ltd Notes to the Accounts for the year ended 30 April 2025
1
Statutory information
S & D Development Ltd is a private company, limited by shares, registered in Scotland, registration number SC314895. The registered office is Unit 4 Centre Point, 61B Montrose Street, Hillington Park, Glasgow, G52 4LA, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
25% Reducing Balace
Motor vehicles
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Computer equipment
33% Straight Line
4
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Computer equipment
Total
£
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At cost
At 1 May 2024
39,575
43,217
3,376
441
86,609
At 30 April 2025
39,575
43,217
3,376
441
86,609
Depreciation
At 1 May 2024
37,903
8,494
3,269
314
49,980
Charge for the year
418
8,681
27
125
9,251
At 30 April 2025
38,321
17,175
3,296
439
59,231
Net book value
At 30 April 2025
1,254
26,042
80
2
27,378
At 30 April 2024
1,672
34,723
107
127
36,629
- 5 -
S & D Development Ltd Notes to the Accounts for the year ended 30 April 2025
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
94,909
465,259
Deferred tax asset
-
26,942
94,909
492,201
6
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
27,521
158,121
Trade creditors
163,932
290,122
Taxes and social security
14,914
77,452
Other creditors
1,092
833
Loans from directors
181
1,298
Accruals
6,384
4,960
214,024
532,786
7
Average number of employees
During the year the average number of employees was 4 (2024: 4).
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