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REGISTERED NUMBER: SC257347 (Scotland)















Unaudited Financial Statements for the Year Ended 31st March 2023

for

CUCHULAIN CONSTRUCTION LTD.

CUCHULAIN CONSTRUCTION LTD. (REGISTERED NUMBER: SC257347)






Contents of the Financial Statements
for the Year Ended 31st March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CUCHULAIN CONSTRUCTION LTD.

Company Information
for the Year Ended 31st March 2023







DIRECTORS: S O'Sullivan
Mrs M Stark



SECRETARY: S O'Sullivan



REGISTERED OFFICE: 5 Hornal Road
Bothwell Park Industrial Estate
Uddingston
Glasgow
G71 7EE



REGISTERED NUMBER: SC257347 (Scotland)



BANKERS: Bank of Scotland
54-62 Sauchiehall Street
Glasgow
G2 3AH

CUCHULAIN CONSTRUCTION LTD. (REGISTERED NUMBER: SC257347)

Balance Sheet
31st March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 1,095,640 865,502
Investments 6 15,000 15,000
1,110,640 880,502

CURRENT ASSETS
Stocks 3,855 3,928
Debtors 7 1,093,088 1,483,433
Cash at bank 2,889,742 2,368,019
3,986,685 3,855,380
CREDITORS
Amounts falling due within one year 8 1,679,323 1,552,720
NET CURRENT ASSETS 2,307,362 2,302,660
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,418,002

3,183,162

CREDITORS
Amounts falling due after more than one
year

9

(310,226

)

(216,493

)

PROVISIONS FOR LIABILITIES (208,172 ) (164,445 )
NET ASSETS 2,899,604 2,802,224

CAPITAL AND RESERVES
Called up share capital 100 100
Capital redemption reserve 101 101
Retained earnings 2,899,403 2,802,023
2,899,604 2,802,224

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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.

CUCHULAIN CONSTRUCTION LTD. (REGISTERED NUMBER: SC257347)

Balance Sheet - continued
31st March 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 31st October 2023 and were signed on its behalf by:





S O'Sullivan - Director


CUCHULAIN CONSTRUCTION LTD. (REGISTERED NUMBER: SC257347)

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

1. STATUTORY INFORMATION

Cuchulain 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover & revenue recognition
Turnover represents amounts invoiced to outside customers, except in respect of contracting activities where turnover represents the value of work carried out during the year including amounts not invoiced. Turnover excludes value added tax.

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 cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

CUCHULAIN CONSTRUCTION LTD. (REGISTERED NUMBER: SC257347)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

3. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Contract work in progress
Profit on contracting activities is recognised in work in progress where the outcome of the relevant contract can be assessed with reasonable certainty. Full provision is made for all known or expected losses at completion of each contract immediately such losses are foreseen. The amount attributable to contracts in the balance sheet (disclosed under debtors as amounts recoverable on contracts) is the value of measured work less certified payments on account.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 47 (2022 - 51 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2022 1,390,438
Additions 626,336
Disposals (429,190 )
At 31st March 2023 1,587,584
DEPRECIATION
At 1st April 2022 524,936
Charge for year 214,230
Eliminated on disposal (247,222 )
At 31st March 2023 491,944
NET BOOK VALUE
At 31st March 2023 1,095,640
At 31st March 2022 865,502

CUCHULAIN CONSTRUCTION LTD. (REGISTERED NUMBER: SC257347)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1st April 2022 1,047,073
Additions 500,000
Disposals (408,000 )
Transfer to ownership (48,000 )
At 31st March 2023 1,091,073
DEPRECIATION
At 1st April 2022 357,629
Charge for year 144,803
Eliminated on disposal (226,261 )
Transfer to ownership (24,960 )
At 31st March 2023 251,211
NET BOOK VALUE
At 31st March 2023 839,862
At 31st March 2022 689,444

6. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2023 2022
£    £   
Debenture 15,000 15,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 260,320 421
Amounts recoverable on contract 662,389 1,179,182
Other debtors 170,379 303,830
1,093,088 1,483,433

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 236,549 232,045
Trade creditors 1,075,746 929,096
Taxation and social security 255,121 276,202
Other creditors 111,907 115,377
1,679,323 1,552,720

CUCHULAIN CONSTRUCTION LTD. (REGISTERED NUMBER: SC257347)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 310,226 216,493

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 546,775 448,538

Hire purchase contracts are secured over the assets concerned.

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st March 2023 and 31st March 2022:

2023 2022
£    £   
S O'Sullivan
Balance outstanding at start of year 105,453 101,542
Amounts advanced 28,413 3,911
Amounts repaid (105,453 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 28,413 105,453

A J Currie
Balance outstanding at start of year 368 368
Amounts repaid (368 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 368