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REGISTERED NUMBER: SC336380 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2022

FOR

NORBLOC CONSTRUCTION LTD.

NORBLOC CONSTRUCTION LTD. (REGISTERED NUMBER: SC336380)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NORBLOC CONSTRUCTION LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2022







DIRECTORS: Ms P H Bremner
G Sinclair





SECRETARY:





REGISTERED OFFICE: Lower Fens
Camilla Street
Halkirk
Caithness
KW12 6YO





REGISTERED NUMBER: SC336380 (Scotland)





ACCOUNTANTS: Goldwells Ltd
10 Knockbreck Street
Tain
Ross-Shire
IV19 1BJ

NORBLOC CONSTRUCTION LTD. (REGISTERED NUMBER: SC336380)

BALANCE SHEET
31ST MARCH 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 336,365 395,253

CURRENT ASSETS
Stocks 287,696 108,771
Debtors 5 129,321 136,218
Cash at bank 348,897 318,996
765,914 563,985
CREDITORS
Amounts falling due within one year 6 315,187 275,584
NET CURRENT ASSETS 450,727 288,401
TOTAL ASSETS LESS CURRENT
LIABILITIES

787,092

683,654

CREDITORS
Amounts falling due after more than one
year

7

(24,115

)

(21,042

)

PROVISIONS FOR LIABILITIES (51,453 ) (56,504 )
NET ASSETS 711,524 606,108

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 711,523 606,107
711,524 606,108

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

NORBLOC CONSTRUCTION LTD. (REGISTERED NUMBER: SC336380)

BALANCE SHEET - continued
31ST MARCH 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by Ms P H Bremner, Mr G Sinclair the Board of Directors and authorised for issue on 27th May 2022 and were signed on its behalf by:




Ms P H Bremner - Director



G Sinclair - Director


NORBLOC CONSTRUCTION LTD. (REGISTERED NUMBER: SC336380)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2022

1. STATUTORY INFORMATION

Norbloc Construction Ltd. is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

Stocks
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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

NORBLOC CONSTRUCTION LTD. (REGISTERED NUMBER: SC336380)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2022

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2021 - 25 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st April 2021 101,060 723,324 824,384
Additions - 67,965 67,965
Disposals (31,500 ) (59,453 ) (90,953 )
At 31st March 2022 69,560 731,836 801,396
DEPRECIATION
At 1st April 2021 3,200 425,931 429,131
Charge for year 800 75,310 76,110
Eliminated on disposal - (40,210 ) (40,210 )
At 31st March 2022 4,000 461,031 465,031
NET BOOK VALUE
At 31st March 2022 65,560 270,805 336,365
At 31st March 2021 97,860 297,393 395,253

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 129,321 136,218

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Hire purchase contracts 19,245 21,551
Trade creditors 206,760 98,125
Taxation and social security 77,737 35,066
Other creditors 11,445 120,842
315,187 275,584

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Hire purchase contracts 24,115 21,042