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REGISTERED NUMBER: SC234884 (Scotland)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2021

FOR

CAVAN CONSTRUCTION LIMITED

CAVAN CONSTRUCTION LIMITED (REGISTERED NUMBER: SC234884)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CAVAN CONSTRUCTION LIMITED

COMPANY INFORMATION
for the Year Ended 31 August 2021







DIRECTOR: P Mcgivney





REGISTERED OFFICE: 60 Bank Street
Kilmarnock
Ayrshire
KA1 1ER





REGISTERED NUMBER: SC234884 (Scotland)





ACCOUNTANTS: K M Stewart & Company
6 Miller Road
Ayr
KA7 2AY

CAVAN CONSTRUCTION LIMITED (REGISTERED NUMBER: SC234884)

BALANCE SHEET
31 August 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 800 800
Investment property 5 740,000 740,000
740,800 740,800

CURRENT ASSETS
Debtors 6 726,499 767,927
Cash at bank - 953
726,499 768,880
CREDITORS
Amounts falling due within one year 7 968,730 1,010,585
NET CURRENT LIABILITIES (242,231 ) (241,705 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

498,569

499,095

PROVISIONS FOR LIABILITIES 9,051 9,051
NET ASSETS 489,518 490,044

CAPITAL AND RESERVES
Called up share capital 8 2 2
Revaluation reserve 9 45,979 45,979
Retained earnings 9 443,537 444,063
SHAREHOLDERS' FUNDS 489,518 490,044

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

CAVAN CONSTRUCTION LIMITED (REGISTERED NUMBER: SC234884)

BALANCE SHEET - continued
31 August 2021


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 the director and authorised for issue on 29 August 2022 and were signed by:





P Mcgivney - Director


CAVAN CONSTRUCTION LIMITED (REGISTERED NUMBER: SC234884)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2021

1. STATUTORY INFORMATION

Cavan Construction Limited 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.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

CAVAN CONSTRUCTION LIMITED (REGISTERED NUMBER: SC234884)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2021

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 September 2020
and 31 August 2021 2,260
DEPRECIATION
At 1 September 2020
and 31 August 2021 1,460
NET BOOK VALUE
At 31 August 2021 800
At 31 August 2020 800

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2020
and 31 August 2021 740,000
NET BOOK VALUE
At 31 August 2021 740,000
At 31 August 2020 740,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 708,927 765,927
Other debtors 17,572 2,000
726,499 767,927

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts 48,242 50,000
Trade creditors 411,569 450,922
Taxation and social security 62,396 102,551
Other creditors 446,523 407,112
968,730 1,010,585

CAVAN CONSTRUCTION LIMITED (REGISTERED NUMBER: SC234884)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2021

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £    £   
2 Ordinary £1 2 2

9. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 September 2020 444,063 45,979 490,042
Deficit for the year (526 ) (526 )
At 31 August 2021 443,537 45,979 489,516