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REGISTERED NUMBER: SC330978 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

GEORGE MOIR SCAFFOLDING LTD.

GEORGE MOIR SCAFFOLDING LTD. (REGISTERED NUMBER: SC330978)






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


GEORGE MOIR SCAFFOLDING LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: G Moir
Mrs N L Moir





SECRETARY: Mrs N L Moir





REGISTERED OFFICE: Bellevue
Hill of Forest
Rathen
Fraserburgh
Aberdeenshire
AB43 8UN





REGISTERED NUMBER: SC330978 (Scotland)

GEORGE MOIR SCAFFOLDING LTD. (REGISTERED NUMBER: SC330978)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 452,509 464,449

CURRENT ASSETS
Debtors 6 139,972 145,852
Cash at bank and in hand 26,442 19,451
166,414 165,303
CREDITORS
Amounts falling due within one year 7 242,560 203,480
NET CURRENT LIABILITIES (76,146 ) (38,177 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

376,363

426,272

CREDITORS
Amounts falling due after more than one
year

8

(177,986

)

(258,934

)

PROVISIONS FOR LIABILITIES (112,446 ) (85,883 )
NET ASSETS 85,931 81,455

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 85,831 81,355
SHAREHOLDERS' FUNDS 85,931 81,455

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.

GEORGE MOIR SCAFFOLDING LTD. (REGISTERED NUMBER: SC330978)

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 19 December 2023 and were signed on its behalf by:




G Moir - Director



Mrs N L Moir - Director


GEORGE MOIR SCAFFOLDING LTD. (REGISTERED NUMBER: SC330978)

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

1. STATUTORY INFORMATION

George Moir Scaffolding 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. 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 presentation currency of the financial statements is the Pound Sterling (£). Monetary amounts in these financial statements are rounded to the nearest pound.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The directors consider that there are no estimates and underlying assumptions which have a significant risk of causing a material adjustment to the carrying amount of the assets and liabilities.

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.
Plant and machinery etc - 33% on cost, 20% on reducing balance and 20% and 5% on reducing balance

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.


GEORGE MOIR SCAFFOLDING LTD. (REGISTERED NUMBER: SC330978)

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

3. 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.

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.

Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held in call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

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 useful lives or the term of the lease, whichever is the shorter.

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

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 14 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 1,668,705
Additions 45,261
Disposals (46,479 )
At 31 March 2023 1,667,487
DEPRECIATION
At 1 April 2022 1,204,256
Charge for year 48,234
Eliminated on disposal (37,512 )
At 31 March 2023 1,214,978
NET BOOK VALUE
At 31 March 2023 452,509
At 31 March 2022 464,449

GEORGE MOIR SCAFFOLDING LTD. (REGISTERED NUMBER: SC330978)

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

5. TANGIBLE FIXED ASSETS - continued

Included within the net book value of £452,509 is £84,775 (2022 - £64,793) relating to assets held under hire purchase agreements. The depreciation charged to the profit and loss account in the year in respect of the hire purchase assets amounted to £15,953 (2022 - £16,198).

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 119,084 116,621
Amounts recoverable on contract 11,648 17,713
Other debtors 9,240 11,518
139,972 145,852

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 30,000 30,000
Hire purchase contracts 30,814 22,833
Trade creditors 13,100 15,519
Taxation and social security 64,055 44,865
Other creditors 104,591 90,263
242,560 203,480

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 65,000 95,000
Hire purchase contracts 30,258 29,831
Other creditors 82,728 134,103
177,986 258,934

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 95,000 125,000
Hire purchase contracts 61,072 52,664
156,072 177,664

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100