Company Registration No. SC473772 (Scotland)
IAIN COWIE PLANT HIRE & GROUNDWORKS LTD
Unaudited accounts
for the year ended 31 March 2023
IAIN COWIE PLANT HIRE & GROUNDWORKS LTD
Unaudited accounts
Contents
IAIN COWIE PLANT HIRE & GROUNDWORKS LTD
Company Information
for the year ended 31 March 2023
Directors
IAIN COWIE
STEPHANIE COWIE
Company Number
SC473772 (Scotland)
Registered Office
40 EAST MACKENZIE PARK
INVERNESS
IV2 3SR
UNITED KINGDOM
IAIN COWIE PLANT HIRE & GROUNDWORKS LTD
Statement of financial position
as at 31 March 2023
Intangible assets
9,636
18,531
Tangible assets
211,368
150,703
Cash at bank and in hand
3,833
26,669
Creditors: amounts falling due within one year
(209,502)
(177,591)
Net current liabilities
(103,332)
(137,679)
Total assets less current liabilities
117,672
31,555
Creditors: amounts falling due after more than one year
-
(19,876)
Provisions for liabilities
Deferred tax
(17,250)
(17,250)
Net assets/(liabilities)
100,422
(5,571)
Called up share capital
100
100
Capital contribution reserve
128,906
-
Profit and loss account
(28,584)
(5,671)
Shareholders' funds
100,422
(5,571)
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 7 August 2023 and were signed on its behalf by
IAIN COWIE
Director
Company Registration No. SC473772
IAIN COWIE PLANT HIRE & GROUNDWORKS LTD
Notes to the Accounts
for the year ended 31 March 2023
IAIN COWIE PLANT HIRE & GROUNDWORKS LTD is a private company, limited by shares, registered in Scotland, registration number SC473772. The registered office is 40 EAST MACKENZIE PARK, INVERNESS, IV2 3SR, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
IAIN COWIE PLANT HIRE & GROUNDWORKS LTD
Notes to the Accounts
for the year ended 31 March 2023
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 April 2022
50,000
156,432
44,045
-
1,970
252,447
Additions
-
-
172,016
8,540
50
180,606
At 31 March 2023
50,000
156,432
216,061
8,540
2,020
433,053
At 1 April 2022
-
77,273
22,622
-
1,849
101,744
Charge for the year
-
79,159
40,611
-
171
119,941
At 31 March 2023
-
156,432
63,233
-
2,020
221,685
At 31 March 2023
50,000
-
152,828
8,540
-
211,368
At 31 March 2022
50,000
79,159
21,423
-
121
150,703
Amounts falling due within one year
Trade debtors
30,585
12,144
7
Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
200,557
-
Trade creditors
20,618
10,858
Taxes and social security
2,159
23,323
Other creditors
(32,626)
143,410
8
Creditors: amounts falling due after more than one year
2023
2022
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Average number of employees
During the year the average number of employees was 2 (2022: 2).