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REGISTERED NUMBER: SC299231 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Corkerhill Construction Company Limited

Corkerhill Construction Company Limited (Registered number: SC299231)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Corkerhill Construction Company Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: P Gallagher
A Gallagher





REGISTERED OFFICE: Unit 5 3 Bowerwalls Place
Crossmill Business Park
Barrhead
East Renfrewshire
G78 1BF





REGISTERED NUMBER: SC299231 (Scotland)





ACCOUNTANTS: Key Professional Partnership Ltd
Unit 3 Morris Park
Rosyth Road
Glasgow
G5 0YE

Corkerhill Construction Company Limited (Registered number: SC299231)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 39,674 24,580

CURRENT ASSETS
Debtors 5 431,181 470,741
Cash at bank 58,913 72,821
490,094 543,562
CREDITORS
Amounts falling due within one year 6 319,962 387,507
NET CURRENT ASSETS 170,132 156,055
TOTAL ASSETS LESS CURRENT
LIABILITIES

209,806

180,635

CREDITORS
Amounts falling due after more than one
year

7

(45,922

)

(40,843

)

PROVISIONS FOR LIABILITIES (9,145 ) (6,054 )
NET ASSETS 154,739 133,738

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 154,639 133,638
SHAREHOLDERS' FUNDS 154,739 133,738

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

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

Corkerhill Construction Company Limited (Registered number: SC299231)

Balance Sheet - continued
31 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 10 November 2023 and were signed on its behalf by:





P Gallagher - Director


Corkerhill Construction Company Limited (Registered number: SC299231)

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

1. STATUTORY INFORMATION

Corkerhill Construction Company 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.

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


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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - at variable rates on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses.

Financial instruments
Basic financial instruments are recognised as follows:

(i) Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using effective interest method less any impairment.

(ii) Cash and cash equivalents
Cash and cash equivalents include cash at bank and in hand.

Cash and cash equivalents are shown net of bank overdrafts, which are included as current borrowings in liabilities on the balance sheet.

(iii) Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.


Corkerhill Construction Company Limited (Registered number: SC299231)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 52,525
Additions 27,710
Disposals (14,936 )
At 31 March 2023 65,299
DEPRECIATION
At 1 April 2022 27,945
Charge for year 8,893
Eliminated on disposal (11,213 )
At 31 March 2023 25,625
NET BOOK VALUE
At 31 March 2023 39,674
At 31 March 2022 24,580

Corkerhill Construction Company Limited (Registered number: SC299231)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 403,054 470,741
Other debtors 28,127 -
431,181 470,741

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 5,001 4,760
Hire purchase contracts 5,084 -
Trade creditors 115,742 286,576
Taxation and social security 27,311 88,605
Other creditors 166,824 7,566
319,962 387,507

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 35,608 40,843
Hire purchase contracts 10,314 -
45,922 40,843

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 13,509 19,556