Silverfin false 31/10/2021 31/10/2021 01/11/2020 Steven Moir 12/09/2007 03 August 2022 The principal activity of the Company during the financial year was the provision of joinery services. SC330831 2021-10-31 SC330831 bus:Director1 2021-10-31 SC330831 2020-10-31 SC330831 core:CurrentFinancialInstruments 2021-10-31 SC330831 core:CurrentFinancialInstruments 2020-10-31 SC330831 core:Non-currentFinancialInstruments 2021-10-31 SC330831 core:Non-currentFinancialInstruments 2020-10-31 SC330831 core:ShareCapital 2021-10-31 SC330831 core:ShareCapital 2020-10-31 SC330831 core:RetainedEarningsAccumulatedLosses 2021-10-31 SC330831 core:RetainedEarningsAccumulatedLosses 2020-10-31 SC330831 core:LandBuildings 2020-10-31 SC330831 core:OtherPropertyPlantEquipment 2020-10-31 SC330831 core:LandBuildings 2021-10-31 SC330831 core:OtherPropertyPlantEquipment 2021-10-31 SC330831 bus:OrdinaryShareClass1 2021-10-31 SC330831 bus:OrdinaryShareClass2 2021-10-31 SC330831 2020-11-01 2021-10-31 SC330831 bus:FullAccounts 2020-11-01 2021-10-31 SC330831 bus:SmallEntities 2020-11-01 2021-10-31 SC330831 bus:AuditExemptWithAccountantsReport 2020-11-01 2021-10-31 SC330831 bus:PrivateLimitedCompanyLtd 2020-11-01 2021-10-31 SC330831 bus:Director1 2020-11-01 2021-10-31 SC330831 core:LandBuildings core:TopRangeValue 2020-11-01 2021-10-31 SC330831 core:OtherPropertyPlantEquipment 2020-11-01 2021-10-31 SC330831 2019-11-01 2020-10-31 SC330831 core:LandBuildings 2020-11-01 2021-10-31 SC330831 core:CurrentFinancialInstruments 2020-11-01 2021-10-31 SC330831 core:Non-currentFinancialInstruments 2020-11-01 2021-10-31 SC330831 bus:OrdinaryShareClass1 2020-11-01 2021-10-31 SC330831 bus:OrdinaryShareClass1 2019-11-01 2020-10-31 SC330831 bus:OrdinaryShareClass2 2020-11-01 2021-10-31 SC330831 bus:OrdinaryShareClass2 2019-11-01 2020-10-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC330831 (Scotland)

C & E MOIR & SON LTD

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 OCTOBER 2021
PAGES FOR FILING WITH THE REGISTRAR

C & E MOIR & SON LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 OCTOBER 2021

Contents

C & E MOIR & SON LTD

BALANCE SHEET

AS AT 31 OCTOBER 2021
C & E MOIR & SON LTD

BALANCE SHEET (continued)

AS AT 31 OCTOBER 2021
Note 2021 2020
£ £
Fixed assets
Tangible assets 3 76,762 88,123
76,762 88,123
Current assets
Stocks 24,123 24,178
Debtors 4 45,421 55,087
Cash at bank and in hand 76,208 69,611
145,752 148,876
Creditors
Amounts falling due within one year 5 ( 77,237) ( 104,087)
Net current assets 68,515 44,789
Total assets less current liabilities 145,277 132,912
Creditors
Amounts falling due after more than one year 6 ( 39,167) ( 50,000)
Provision for liabilities 7 ( 10,104) ( 9,665)
Net assets 96,006 73,247
Capital and reserves
Called-up share capital 8 210 210
Profit and loss account 95,796 73,037
Total shareholders' funds 96,006 73,247

For the financial year ending 31 October 2021 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of C & E Moir & Son Ltd (registered number: SC330831) were approved and authorised for issue by the Director on 03 August 2022. They were signed on its behalf by:

Steven Moir
Director
C & E MOIR & SON LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 OCTOBER 2021
C & E MOIR & SON LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 OCTOBER 2021
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

C & E Moir & Son Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is Strathdeveron House, Steven Road, Huntly, AB54 8SX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings 25 years straight line
Plant and machinery etc. 20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised at transaction price.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

2021 2020
Number Number
Monthly average number of persons employed by the Company during the year, including the director 4 4

3. Tangible assets

Land and buildings Plant and machinery etc. Total
£ £ £
Cost
At 01 November 2020 53,333 116,376 169,709
Additions 0 58 58
At 31 October 2021 53,333 116,434 169,767
Accumulated depreciation
At 01 November 2020 11,635 69,951 81,586
Charge for the financial year 2,133 9,286 11,419
At 31 October 2021 13,768 79,237 93,005
Net book value
At 31 October 2021 39,565 37,197 76,762
At 31 October 2020 41,698 46,425 88,123

4. Debtors

2021 2020
£ £
Trade debtors 5,808 16,267
Other debtors 39,613 38,820
45,421 55,087

5. Creditors: amounts falling due within one year

2021 2020
£ £
Bank loans 10,000 0
Trade creditors 25,769 72,263
Other creditors 23,390 28,194
Corporation tax 13,603 2,864
Other taxation and social security 4,475 766
77,237 104,087

The above bank loan is a Bounce Back Loan and is 100 % guaranteed by the UK Government. It remains unsecured over the assets of the company.

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

2021 2020
£ £
Bank loans 39,167 50,000

The above bank loan is a Bounce Back Loan and is 100 % guaranteed by the UK Government. It remains unsecured over the assets of the company.

7. Provision for liabilities

2021 2020
£ £
Deferred tax 10,104 9,665

8. Called-up share capital

2021 2020
£ £
Allotted, called-up and fully-paid
200 A ordinary shares of £ 1.00 each 200 200
10 B ordinary shares of £ 1.00 each 10 10
210 210

9. Related party transactions

Transactions with the entity's director

2021 2020
£ £
Key management personnel 17,178 21,263

This balance is interest free and has no fixed repayment terms.