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REGISTERED NUMBER: SC248731 (Scotland)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

FOR

THOMAS GRANT (BROCKLEES) LIMITED

THOMAS GRANT (BROCKLEES) LIMITED (REGISTERED NUMBER: SC248731)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THOMAS GRANT (BROCKLEES) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTORS: Mrs J Grant
T Grant
T Grant Jnr





SECRETARY: Mrs J Grant





REGISTERED OFFICE: Brocklees Farm
Darvel
Ayrshire
KA17 ONG





REGISTERED NUMBER: SC248731 (Scotland)





ACCOUNTANTS: Galbraith Pritchards
20 Barns Street
Ayr
Ayrshire
KA7 1XA

THOMAS GRANT (BROCKLEES) LIMITED (REGISTERED NUMBER: SC248731)

BALANCE SHEET
30 APRIL 2023

30/4/23 30/4/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,405,472 3,753,354

CURRENT ASSETS
Debtors 5 1,058,273 937,281
Cash at bank 201,305 202,505
1,259,578 1,139,786
CREDITORS
Amounts falling due within one year 6 1,969,469 1,381,260
NET CURRENT LIABILITIES (709,891 ) (241,474 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,695,581

3,511,880

CREDITORS
Amounts falling due after more than one
year

7

(1,633,269

)

(1,669,193

)

PROVISIONS FOR LIABILITIES 8 (264,758 ) (265,052 )
NET ASSETS 1,797,554 1,577,635

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,797,454 1,577,535
SHAREHOLDERS' FUNDS 1,797,554 1,577,635

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 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.

THOMAS GRANT (BROCKLEES) LIMITED (REGISTERED NUMBER: SC248731)

BALANCE SHEET - continued
30 APRIL 2023


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 Board of Directors and authorised for issue on 8 September 2023 and were signed on its behalf by:





T Grant - Director


THOMAS GRANT (BROCKLEES) LIMITED (REGISTERED NUMBER: SC248731)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023


1. STATUTORY INFORMATION

Thomas Grant (Brocklees) 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.

CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY
In the application of the company's accounting policies, which are described in note 2, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance

FINANCIAL INSTRUMENTS
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

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.


THOMAS GRANT (BROCKLEES) LIMITED (REGISTERED NUMBER: SC248731)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts are capitalised in the balance sheet and depreciated over their estimated useful lives.

The interest element of these obligations is charged to the profit and loss account on a straight line basis over the relevant period. The capital element of the future payments is treated as a liability.

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.

HIRE PURCHASE AND LEASING COMMITMENTS
Assets obtained under hire purchase contracts are capitalised in the balance sheet and depreciated over their estimated useful lives.

The interest element of these obligations is charged to the profit and loss account on a straight line basis over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 48 (2022 - 42 ) .

THOMAS GRANT (BROCKLEES) LIMITED (REGISTERED NUMBER: SC248731)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 May 2022 6,441,353 122,310 6,563,663
Additions 1,984,840 54,200 2,039,040
Disposals (1,757,615 ) - (1,757,615 )
At 30 April 2023 6,668,578 176,510 6,845,088
DEPRECIATION
At 1 May 2022 2,760,004 50,305 2,810,309
Charge for year 859,527 27,616 887,143
Eliminated on disposal (1,257,836 ) - (1,257,836 )
At 30 April 2023 2,361,695 77,921 2,439,616
NET BOOK VALUE
At 30 April 2023 4,306,883 98,589 4,405,472
At 30 April 2022 3,681,349 72,005 3,753,354

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 May 2022 3,435,761 76,630 3,512,391
Additions 1,984,840 54,200 2,039,040
Transfer to ownership (533,895 ) - (533,895 )
At 30 April 2023 4,886,706 130,830 5,017,536
DEPRECIATION
At 1 May 2022 781,858 19,562 801,420
Charge for year 644,204 23,882 668,086
Transfer to ownership (239,927 ) - (239,927 )
At 30 April 2023 1,186,135 43,444 1,229,579
NET BOOK VALUE
At 30 April 2023 3,700,571 87,386 3,787,957
At 30 April 2022 2,653,903 57,068 2,710,971

THOMAS GRANT (BROCKLEES) LIMITED (REGISTERED NUMBER: SC248731)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/23 30/4/22
£    £   
Trade debtors 970,768 823,682
Amounts recoverable on contract 87,505 112,820
VAT - 779
1,058,273 937,281

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/23 30/4/22
£    £   
Hire purchase contracts 1,381,367 934,154
Trade creditors 352,121 311,662
VAT 56,391 -
Directors' current accounts 31,772 11,772
Accrued expenses 147,818 123,672
1,969,469 1,381,260

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/4/23 30/4/22
£    £   
Hire purchase contracts 1,188,653 1,083,442
Other creditors 444,616 585,751
1,633,269 1,669,193

8. PROVISIONS FOR LIABILITIES
30/4/23 30/4/22
£    £   
Deferred tax 264,758 265,052

Deferred
tax
£   
Balance at 1 May 2022 265,052
Provided during year (294 )
Balance at 30 April 2023 264,758

9. RELATED PARTY DISCLOSURES

Included in creditors at the year end is the directors' current account of £31,772 (2021 £11,772). The loan has
no fixed terms of repayment and is free from interest charges.

Included in other creditors at the year end is £444,616 (2022 £585,751) due from Thomas Grant & Son, a partnership which is equally owned by the directors.

THOMAS GRANT (BROCKLEES) LIMITED (REGISTERED NUMBER: SC248731)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


10. ULTIMATE CONTROLLING PARTY

The directors consider that there is no ultimate controlling party as the directors, Mr and Mrs Grant, each own
50% of the issued share capital of the company.