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REGISTERED NUMBER: SC490097 (Scotland)











































Collins Plant & Groundworks Limited

Unaudited Financial Statements

for the Year Ended 30th April 2023






Collins Plant & Groundworks Limited (Registered number: SC490097)






Contents of the Financial Statements
for the year ended 30th April 2023




Page

Company information 1

Balance sheet 2 to 3

Notes to the financial statements 4 to 6


Collins Plant & Groundworks Limited

Company Information
for the year ended 30th April 2023







Directors: G L Collins
Mrs G L Collins





Registered office: 7 Cransfield Drive
Ashkirk
Selkirkshire
TD7 4NN





Registered number: SC490097 (Scotland)





Accountants: Rennie Welch LLP
Academy House
Shedden Park Road
Kelso
Roxburghshire
TD5 7AL

Collins Plant & Groundworks Limited (Registered number: SC490097)

Balance Sheet
30th April 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - -
Investments 5 347,515 347,515
347,515 347,515

Current assets
Cash at bank 1,083 649

Creditors
Amounts falling due within one year 6 119,297 105,126
Net current liabilities (118,214 ) (104,477 )
Total assets less current liabilities 229,301 243,038

Creditors
Amounts falling due after more than one
year

7

-

10,714
Net assets 229,301 232,324

Capital and reserves
Called up share capital 125 125
Retained earnings 229,176 232,199
229,301 232,324

Collins Plant & Groundworks Limited (Registered number: SC490097)

Balance Sheet - continued
30th April 2023


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

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

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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6th November 2023 and were signed on its behalf by:





G L Collins - Director


Collins Plant & Groundworks Limited (Registered number: SC490097)

Notes to the Financial Statements
for the year ended 30th April 2023

1. Statutory information

Collins Plant & Groundworks 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of VAT.

Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, has been fully amortised over it's estimated useful life.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
The following assets and liabilities are classified as financial instruments - accruals, directors' loans, other loans and hire purchase contracts.

Hire purchase contracts are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors' loans (being repayable on demand), other loans and accruals are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

Taxation
Taxation for the year comprises current tax. Tax is recognised in the statement of income and retained earnings, 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.

Provisions
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

Collins Plant & Groundworks Limited (Registered number: SC490097)

Notes to the Financial Statements - continued
for the year ended 30th April 2023

2. Accounting policies - continued

Going concern
The directors have considered the company's financial position for a period of 12 months from the date of signing these financial statements and have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing these financial statements.

3. Employees and directors

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

4. Intangible fixed assets
Goodwill
£   
Cost
At 1st May 2022
and 30th April 2023 10,000
Amortisation
At 1st May 2022
and 30th April 2023 10,000
Net book value
At 30th April 2023 -
At 30th April 2022 -

5. Fixed asset investments
Shares in
group
undertakings
£   
Cost
At 1st May 2022
and 30th April 2023 347,515
Net book value
At 30th April 2023 347,515
At 30th April 2022 347,515

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Hire purchase contracts - 9,422
Taxation and social security - 5,608
Other creditors 119,297 90,096
119,297 105,126

7. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Hire purchase contracts - 10,714

Collins Plant & Groundworks Limited (Registered number: SC490097)

Notes to the Financial Statements - continued
for the year ended 30th April 2023

8. Secured debts

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts - 20,136

Hire purchase contracts are secured against the assets to which they relate.