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REGISTERED NUMBER: SC463008 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

BARNCLUITH CONSTRUCTION AND PROPERTY
DEVELOPMENT LTD

BARNCLUITH CONSTRUCTION AND PROPERTY
DEVELOPMENT LTD (REGISTERED NUMBER: SC463008)






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


BARNCLUITH CONSTRUCTION AND PROPERTY
DEVELOPMENT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mrs P Davidson
Mrs L M Davidson
I A Davidson
S Davidson





REGISTERED OFFICE: Unit 24
Whistleberry Park Industrial Estate
Hamilton
ML3 0ED





REGISTERED NUMBER: SC463008 (Scotland)





ACCOUNTANT: John Murphy & Company (Scotland) Limited
Chartered Accountants
Castle Chambers
67 Main Street
Bothwell
Lanarkshire
G71 8ER

BARNCLUITH CONSTRUCTION AND PROPERTY
DEVELOPMENT LTD (REGISTERED NUMBER: SC463008)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 43,463 34,381

CURRENT ASSETS
Stocks 5 74,172 69,808
Debtors 6 19,844 27,419
Cash at bank 14,829 39,414
108,845 136,641
CREDITORS
Amounts falling due within one year 7 82,675 108,204
NET CURRENT ASSETS 26,170 28,437
TOTAL ASSETS LESS CURRENT
LIABILITIES

69,633

62,818

CREDITORS
Amounts falling due after more than one
year

8

(32,508

)

(9,876

)

PROVISIONS FOR LIABILITIES 9 (8,258 ) (6,532 )
NET ASSETS 28,867 46,410

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 28,767 46,310
SHAREHOLDERS' FUNDS 28,867 46,410

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.

BARNCLUITH CONSTRUCTION AND PROPERTY
DEVELOPMENT LTD (REGISTERED NUMBER: SC463008)

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 28 September 2023 and were signed on its behalf by:




I A Davidson - Director



S Davidson - Director


BARNCLUITH CONSTRUCTION AND PROPERTY
DEVELOPMENT LTD (REGISTERED NUMBER: SC463008)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Barncluith Construction and Property Development 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.

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 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 - 25% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

BARNCLUITH CONSTRUCTION AND PROPERTY
DEVELOPMENT LTD (REGISTERED NUMBER: SC463008)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

2. 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 27,524 428 17,090 292 45,334
Additions 958 - 21,450 - 22,408
At 31 March 2023 28,482 428 38,540 292 67,742
DEPRECIATION
At 1 April 2022 4,894 427 5,341 291 10,953
Charge for year 6,471 - 6,855 - 13,326
At 31 March 2023 11,365 427 12,196 291 24,279
NET BOOK VALUE
At 31 March 2023 17,117 1 26,344 1 43,463
At 31 March 2022 22,630 1 11,749 1 34,381

BARNCLUITH CONSTRUCTION AND PROPERTY
DEVELOPMENT LTD (REGISTERED NUMBER: SC463008)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 April 2022
and 31 March 2023 23,100
DEPRECIATION
At 1 April 2022 1,925
Charge for year 5,775
At 31 March 2023 7,700
NET BOOK VALUE
At 31 March 2023 15,400
At 31 March 2022 21,175

5. STOCKS
31.3.23 31.3.22
£    £   
Work in progress 74,172 69,808

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
VAT 11,174 19,460
Prepayments and accrued income 8,670 7,959
19,844 27,419

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 10,000 45,833
Hire purchase contracts 3,201 2,754
Trade creditors 18,595 13,893
Corporation tax 13,034 17,842
Payroll taxation 641 850
Other creditors - 200
Directors' current accounts 34,961 24,739
Accrued charges 2,243 2,093
82,675 108,204

BARNCLUITH CONSTRUCTION AND PROPERTY
DEVELOPMENT LTD (REGISTERED NUMBER: SC463008)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans - 1-2 years 10,000 -
Bank loans - 2-5 years 15,833 -
Hire purchase contracts 6,675 9,876
32,508 9,876

9. PROVISIONS FOR LIABILITIES
31.3.23 31.3.22
£    £   
Deferred tax 8,258 6,532

Deferred
tax
£   
Balance at 1 April 2022 6,532
Provided during year 1,726
Balance at 31 March 2023 8,258