S4 (SCOTLAND) LIMITED




Company Registration Number:
SC384752 (Scotland)



Report of the Directors and Unaudited Financial Statements



Period of accounts


Start date: 01st September 2011

End date: 31st October 2012

SUBMITTED

S4 (SCOTLAND) LIMITED

Contents of the Financial Statements
for the Period Ended
31st October 2012

Company Information
Report of the Directors
Profit and Loss Account
Gains and Losses
Balance sheet
Notes to the Financial Statements

S4 (SCOTLAND) LIMITED

Company Information
for the Period Ended
31st October 2012




Director: Alan Savage
Registered office: 51 Redford Avenue
Edinburgh
Midlothian
EH13 ODU
Company Registration Number: SC384752 (Scotland)

S4 (SCOTLAND) LIMITED

Directors' Report Period Ended 31st October 2012

The directors present their report with the financial statements of the company for the period ended 31st October 2012

Principal activities
The principal activity of the company in the period under review was:
Manufacture of doors and windows

Directors
The directors shown below have held office during the whole of the period from
01st September 2011 to 31st October 2012
Alan Savage

Mr Alan Savage controls 100% of the ordinary share capital and is a director of the company.

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on 12 April 2013
And Signed On Behalf Of The Board By:

Name: Alan Savage
Status: Director

S4 (SCOTLAND) LIMITED

Profit and Loss Account

for the Period Ended 31st October 2012

Notes 2012
£
2011
£
Turnover: 127,048 122,097
Cost of sales: 96,840 93,902
Gross profit or (loss): 30,208 28,195
Administrative expenses: 3, 44,545 33,393
Other operating income: 7,517 2,594
Operating profit or (loss): 2 ( 6,820 ) ( 2,604 )
Interest payable and similar charges: 60 -
Tax on profit or loss on ordinary activities: ( 6,880 ) ( 2,604 )
Tax on profit or (loss) on ordinary activities: 4 0 0
Profit or (loss) for the financial year: ( 6,880 ) ( 2,604 )

The notes form part of these financial statements

S4 (SCOTLAND) LIMITED

Statement of total recognised gains and losses
31st October 2012

Statement of total recognised gains and losses

The company does not have any gains and losses other than Profit and Loss for the period to report.

The notes form part of these financial statements

S4 (SCOTLAND) LIMITED

Balance sheet
As at 31st October 2012

Notes 2012
£
2011
£
Fixed assets
Intangible assets: 5 20,000 22,500
Tangible assets: 6 4,230 23,820
Total fixed assets: 24,230 46,320
Current assets
Debtors: 7 2,768 6,476
Cash at bank and in hand: 3,518 6,374
Total current assets: 6,286 12,850
Creditors: amounts falling due within one year 8 24,527 19,233
Net current assets (liabilities): ( 18,241 ) ( 6,383 )
Total assets less current liabilities: 5,989 39,937
Creditors: amounts falling due after more than one year: 9 15,472 42,540
Total net assets (liabilities): ( 9,483 ) ( 2,603 )

The notes form part of these financial statements

S4 (SCOTLAND) LIMITED

Balance sheet
As at 31st October 2012
continued

Notes 2012
£
2011
£
Capital and reserves
Called up share capital: 10 1 1
Profit and Loss account: 11 ( 9,484 ) ( 2,604 )
Total shareholders funds: ( 9,483 ) ( 2,603 )

For the year ending 31 October 2012 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

The financial statements were approved by the Board of Directors on 12 April 2013

SIGNED ON BEHALF OF THE BOARD BY:

Name: Alan Savage
Status: Director

The notes form part of these financial statements

S4 (SCOTLAND) LIMITED

Notes to the Financial Statements
for the Period Ended
31st October 2012

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

    Turnover policy

    Turnover represents net invoiced sales of goods, excluding value added tax.

    Tangible fixed assets depreciation policy

    Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Plant & Equipment - 25% straight line Fixtures & Fittings - 25% straight line Motor Vehicles - 25% straight line

    Intangible fixed assets amortisation policy

    Goodwill being the amount paid in connection with the acquisition of a business in 2010, is being amortized evenly over its estimated useful life of ten years.

    Valuation information and policy

    Stocks are valued at the lower of cost and net realizable value, after making due allowances for obsolete and slow moving items.

    Other accounting policies

    Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

S4 (SCOTLAND) LIMITED

Notes to the Financial Statements
for the Period Ended
31st October 2012

  • 2 . Operating profit or (loss)

    Operating profit or (loss) before tax as stated after charging the following.

    2012 2011
    £ £
    Depreciation - owned assets: 1,640 7,940
    Amortisation of goodwill: 2,500 2,500
    Profit or (loss) on disposal of fixed assets: 7,250 0

S4 (SCOTLAND) LIMITED

Notes to the Financial Statements
for the Period Ended
31st October 2012

  • 3 . Directors' remuneration

    2012 2011
    £ £
    Directors' remuneration: 19,305 15,206
    TOTAL: 19,305 15,206

S4 (SCOTLAND) LIMITED

Notes to the Financial Statements
for the Period Ended
31st October 2012

  • 4. Taxation

    The tax charge on the profit on ordinary activities for the period was as follows:
    2012 2011
    £ £
    UK Corporation Tax: 0 0
    Tax on profit or (loss) on ordinary activities: 0 0
    Profit or (loss) on ordinary activities before taxation: ( 6,880 ) ( 2,604 )
    Profit or (loss) on ordinary activities before taxation multiplied by the rate(s) of Corporation Tax applicable: 0 0
    Current tax charge or (credit): 0 0

    No Corporation Tax recoverable at this stage. Losses will be carried forward and claimed against future profits.

S4 (SCOTLAND) LIMITED

Notes to the Financial Statements
for the Period Ended
31st October 2012

  • 5. Intangible assets

    Goodwill Other Total
    Cost £ £ £
    At 01st September 2011: 25,000 - 25,000
    At 31st October 2012: 25,000 - 25,000
    Amortisation £ £ £
    At 01st September 2011: 2,500 - 2,500
    Provided during the period: 2,500 - 2,500
    At 31st October 2012: 5,000 - 5,000
    Net book value £ £ £
    At 31st October 2012: 20,000 - 20,000
    At 31st August 2011: 22,500 - 22,500

S4 (SCOTLAND) LIMITED

Notes to the Financial Statements
for the Period Ended
31st October 2012

  • 6. Tangible assets

    Land and buildings Plant Machinery Fixtures and fittings Office Equipment Motor vehicles Total
    Cost £ £ £ £ £ £
    At 01st September 2011: - 29,000 0 - 2,760 31,760
    Additions: - 1,232 2,568 - - 3,800
    Disposals: - 29,000 - - - 29,000
    At 31st October 2012: - 1,232 2,568 - 2,760 6,560
    Depreciation
    At 01st September 2011: - 7,250 0 - 690 7,940
    Charge for year: - 308 642 - 690 1,640
    On disposals: - 7,250 - - - 7,250
    At 31st October 2012: - 308 642 - 1,380 2,330
    Net book value
    At 31st October 2012: - 924 1,926 - 1,380 4,230
    At 31st August 2011: - 21,750 0 - 2,070 23,820

S4 (SCOTLAND) LIMITED

Notes to the Financial Statements
for the Period Ended
31st October 2012

  • 7. Debtors

    2012 2011
    £ £
    Trade debtors: 2,768 6,476
    Total: 2,768 6,476

S4 (SCOTLAND) LIMITED

Notes to the Financial Statements
for the Period Ended
31st October 2012

  • 8. Creditors: amounts falling due within one year

    2012 2011
    £ £
    Trade creditors: 9,055 6,681
    Taxation and social security: 6,977 3,052
    Accruals and deferred income: 750 500
    Other creditors: 7,745 9,000
    Total: 24,527 19,233

S4 (SCOTLAND) LIMITED

Notes to the Financial Statements
for the Period Ended
31st October 2012

  • 9. Creditors: amounts falling due after more than one year

    2012 2011
    £ £
    Other creditors: 15,472 42,540
    Total: 15,472 42,540

S4 (SCOTLAND) LIMITED

Notes to the Financial Statements
for the Period Ended
31st October 2012

  • 10. Called up share capital

    Allotted, called up and paid

    Previous period 2011
    Class Number of shares Nominal value per share Total
    Ordinary shares: 1 1.00
    1.00
    1
    Total share capital: 1
    Current period 2012
    Class Number of shares Nominal value per share Total
    Ordinary shares: 1 1.00
    1.00
    1
    Total share capital: 1

S4 (SCOTLAND) LIMITED

Notes to the Financial Statements
for the Period Ended
31st October 2012

  • 11. Profit and loss account

    2012 2011
    £ £
    Opening balance: ( 2,604 ) 0
    Profit or (loss) for the period: ( 6,880 ) ( 2,604 )
    Equity dividends paid: 0 0
    Retained profit: ( 9,484 ) ( 2,604 )


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