CT Joinery (Scotland) Ltd SC468897 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is joinery services. Digita Accounts Production Advanced 6.30.9574.0 true true SC468897 2022-04-01 2023-03-31 SC468897 2023-03-31 SC468897 core:RetainedEarningsAccumulatedLosses 2023-03-31 SC468897 core:ShareCapital 2023-03-31 SC468897 core:CurrentFinancialInstruments 2023-03-31 SC468897 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 SC468897 core:OtherPropertyPlantEquipment 2023-03-31 SC468897 bus:SmallEntities 2022-04-01 2023-03-31 SC468897 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 SC468897 bus:FullAccounts 2022-04-01 2023-03-31 SC468897 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 SC468897 bus:RegisteredOffice 2022-04-01 2023-03-31 SC468897 bus:Director1 2022-04-01 2023-03-31 SC468897 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 SC468897 core:MotorVehicles 2022-04-01 2023-03-31 SC468897 core:OtherPropertyPlantEquipment 2022-04-01 2023-03-31 SC468897 core:PlantMachinery 2022-04-01 2023-03-31 SC468897 countries:Scotland 2022-04-01 2023-03-31 SC468897 2022-03-31 SC468897 core:OtherPropertyPlantEquipment 2022-03-31 SC468897 2021-04-01 2022-03-31 SC468897 2022-03-31 SC468897 core:RetainedEarningsAccumulatedLosses 2022-03-31 SC468897 core:ShareCapital 2022-03-31 SC468897 core:CurrentFinancialInstruments 2022-03-31 SC468897 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 SC468897 core:OtherPropertyPlantEquipment 2022-03-31 iso4217:GBP xbrli:pure

Registration number: SC468897

CT Joinery (Scotland) Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2023

 

CT Joinery (Scotland) Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

CT Joinery (Scotland) Ltd

(Registration number: SC468897)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

766

958

Current assets

 

Cash at bank and in hand

 

1,025

1,531

Creditors: Amounts falling due within one year

5

(2,445)

(4,178)

Net current liabilities

 

(1,420)

(2,647)

Net liabilities

 

(654)

(1,689)

Capital and reserves

 

Called up share capital

2

2

Retained earnings

(656)

(1,691)

Shareholders' deficit

 

(654)

(1,689)

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 19 October 2023
 

.........................................
Mr Csaba Tabor
Director

 

CT Joinery (Scotland) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
SK Tax & Accounts Ltd
1A Craigs Avenue
Edinburgh
EH12 8HP

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis. The company relies on the continued support of the director.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

CT Joinery (Scotland) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

20% reducing balance

Van

20% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2022 - 0).

 

CT Joinery (Scotland) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

4

Tangible assets

Other tangible assets
£

Total
£

Cost or valuation

At 1 April 2022

3,918

3,918

At 31 March 2023

3,918

3,918

Depreciation

At 1 April 2022

2,960

2,960

Charge for the year

192

192

At 31 March 2023

3,152

3,152

Carrying amount

At 31 March 2023

766

766

At 31 March 2022

958

958

5

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Other loans

6

2,000

2,900

Directors loan

63

1,278

Other creditors

 

382

-

 

2,445

4,178

6

Loans and borrowings

2023
£

2022
£

Current loans and borrowings

Other borrowings

2,000

2,900