1 December 2020 false Taxfiler 2022.8.3 NI649332business:PrivateLimitedCompanyLtd2020-12-012021-11-30 NI6493322020-11-30 NI6493322020-12-012021-11-30 NI649332business:AuditExemptWithAccountantsReport2020-12-012021-11-30 NI649332business:FullAccounts2020-12-012021-11-30 NI6493322021-11-30 NI649332business:Director12020-12-012021-11-30 NI649332business:RegisteredOffice2020-12-012021-11-30 NI6493322020-11-30 NI649332core:WithinOneYear2021-11-30 NI649332core:WithinOneYear2020-11-30 NI649332core:AfterOneYear2021-11-30 NI649332core:AfterOneYear2020-11-30 NI649332core:ShareCapital2021-11-30 NI649332core:ShareCapital2020-11-30 NI649332core:RetainedEarningsAccumulatedLosses2021-11-30 NI649332core:RetainedEarningsAccumulatedLosses2020-11-30 NI649332business:SmallEntities2020-12-012021-11-30 NI649332countries:NorthernIreland2020-12-012021-11-30 NI649332core:PlantMachinery2020-12-012021-11-30 NI649332core:PlantMachinery2020-11-30 NI649332core:PlantMachinery2021-11-30 NI649332core:AfterOneYear2020-12-012021-11-30 NI6493322019-12-012020-11-30 iso4217:GBP xbrli:pure
Company Registration No. NI649332 (Northern Ireland)
Scott Group Construction Limited Unaudited accounts for the year ended 30 November 2021
Scott Group Construction Limited Unaudited accounts Contents
Page
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Scott Group Construction Limited Company Information for the year ended 30 November 2021
Director
S Scott
Company Number
NI649332 (Northern Ireland)
Registered Office
17a Groarty Road Derry BT48 0JX Northern Ireland
Accountants
Satori Accounting 120 Woodbrook Derry Northern Ireland BT48 8FF
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Scott Group Construction Limited Statement of financial position as at 30 November 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
12,204 
10,254 
Current assets
Inventories
55,023 
- 
Debtors
14,723 
11,534 
Cash at bank and in hand
70,214 
82,331 
139,960 
93,865 
Creditors: amounts falling due within one year
(62,921)
(27,172)
Net current assets
77,039 
66,693 
Total assets less current liabilities
89,243 
76,947 
Creditors: amounts falling due after more than one year
(30,712)
(35,444)
Net assets
58,531 
41,503 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
58,530 
41,502 
Shareholders' funds
58,531 
41,503 
For the year ending 30 November 2021 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 August 2022 and were signed on its behalf by
S Scott Director Company Registration No. NI649332
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Scott Group Construction Limited Notes to the Accounts for the year ended 30 November 2021
1
Statutory information
Scott Group Construction Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI649332. The registered office is 17a Groarty Road, Derry, BT48 0JX, Northern Ireland.
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.
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:
Plant & machinery
20% reducing balance
Hire purchase contracts and leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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Scott Group Construction Limited Notes to the Accounts for the year ended 30 November 2021
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 December 2020
17,412 
Additions
5,000 
At 30 November 2021
22,412 
Depreciation
At 1 December 2020
7,158 
Charge for the year
3,050 
At 30 November 2021
10,208 
Net book value
At 30 November 2021
12,204 
At 30 November 2020
10,254 
5
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
VAT
1,388 
- 
Trade debtors
12,000 
9,638 
Other debtors
1,335 
1,896 
14,723 
11,534 
6
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
Bank loans and overdrafts
5,371 
2,571 
VAT
- 
3,482 
Obligations under finance leases and hire purchase contracts
3,765 
6,275 
Trade creditors
30,729 
4,290 
Taxes and social security
4,309 
3,317 
Loans from directors
14,993 
7,237 
Accruals
3,754 
- 
62,921 
27,172 
7
Creditors: amounts falling due after more than one year
2021 
2020 
£ 
£ 
Bank loans
30,712 
35,444 
The company obtained a bounce back loan. There is no security held against these borrowings.
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Scott Group Construction Limited Notes to the Accounts for the year ended 30 November 2021
8
Transactions with related parties
During the current year the following transactions arose between the director and the company: - amounts repaid to director = £400 - company expenses paid by director = £8,156 The amount owed to the director at the year-end date was £14,993. This is disclosed at creditors falling due within one year at note 6. No interest is being charged by the director and the amount is repayable on demand.
9
Average number of employees
During the year the average number of employees was 1 (2020: 1).
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