Scotland & Bates Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 11184418

Scotland & Bates Ltd

Filleted Unaudited Financial Statements

31 March 2025

Scotland & Bates Ltd

Financial Statements

Year ended 31 March 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Scotland & Bates Ltd

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Intangible assets	4	9,074	9,074
Tangible assets	5	35,770	28,984
		--------	--------
		44,844	38,058

Current assets

Stocks		17,460	26,245
Debtors	6	234,689	235,041
Cash at bank and in hand		112,603	101,062
		---------	---------
		364,752	362,348

Creditors: amounts falling due within one year	7	164,862		253,492
		---------		---------
Net current assets			199,890	108,856
			---------	---------
Total assets less current liabilities			244,734	146,914

Creditors: amounts falling due after more than one year	8	–	3,374
		---------	---------
Net assets		244,734	143,540
		---------	---------

Capital and reserves

Called up share capital	95	95
Profit and loss account	244,639	143,445
	---------	---------
Shareholders funds	244,734	143,540
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Scotland & Bates Ltd

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 12 December 2025 , and are signed on behalf of the board by:

Mrs G A Bates	Mr R Bates
Director	Director

Company registration number: 11184418

Scotland & Bates Ltd

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Camburgh House, 27 New Dover Road, Canterbury, Kent, CT1 3DN, United Kingdom.

2. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

After making appropriate enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future for at least one year from the date of the financial information. For these reasons they continue to adopt the going concern basis in preparing the company's financial information.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for services rendered, net of discounts and Value Added Tax.

Income tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Plant and machinery	-	25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

3. Employee numbers

The average number of persons employed by the company during the year amounted to Nil (2024: 17 ).

4. Intangible assets

	Development costs
	£
Cost
At 1 April 2024 and 31 March 2025	9,074
	-------
Amortisation
At 1 April 2024 and 31 March 2025	–
	-------
Carrying amount
At 31 March 2025	9,074
	-------
At 31 March 2024	9,074
	-------

5. Tangible assets

	Plant and machinery	Total
	£	£
Cost
At 1 April 2024	69,022	69,022
Additions	14,942	14,942
	--------	--------
At 31 March 2025	83,964	83,964
	--------	--------
Depreciation
At 1 April 2024	40,038	40,038
Charge for the year	8,156	8,156
	--------	--------
At 31 March 2025	48,194	48,194
	--------	--------
Carrying amount
At 31 March 2025	35,770	35,770
	--------	--------
At 31 March 2024	28,984	28,984
	--------	--------

6. Debtors

	2025	2024
	£	£
Trade debtors	108,599	130,132
Other debtors	126,090	104,909
	---------	---------
	234,689	235,041
	---------	---------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	–	2,417
Trade creditors	30,421	131,349
Corporation tax	26,635	10,052
Social security and other taxes	3,132	–
Other creditors	104,674	109,674
	---------	---------
	164,862	253,492
	---------	---------

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	–	3,374
	----	-------

9. Related party transactions

At the year end, the company owed a director £95,203 (2023: £95,203).