IRIS Accounts Productionv23.3.1.45SC101024Board of Directors1.12.2230.11.2330.11.23falsetruefalsefalsetruefalseOrdinary1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC1010242022-11-30SC1010242023-11-30SC1010242022-12-012023-11-30SC1010242021-11-30SC1010242021-12-012022-11-30SC1010242022-11-30SC101024ns10:Originalns15:Scotland2022-12-012023-11-30SC101024ns14:PoundSterlingns10:Original2022-12-012023-11-30SC101024ns10:Originalns10:Director12022-12-012023-11-30SC101024ns10:Original2022-12-012023-11-30SC101024ns10:Original2023-11-30SC101024ns10:Originalns10:PrivateLimitedCompanyLtd2022-12-012023-11-30SC101024ns10:Originalns10:SmallEntities2022-12-012023-11-30SC101024ns10:Originalns10:AuditExempt-NoAccountantsReport2022-12-012023-11-30SC101024ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-30SC101024ns10:SmallCompaniesRegimeForAccountsns10:Original2022-12-012023-11-30SC101024ns10:Originalns10:FullAccounts2022-12-012023-11-30SC101024ns10:Originalns10:OrdinaryShareClass12022-12-012023-11-30SC101024ns10:Originalns10:Director22022-12-012023-11-30SC101024ns10:Originalns10:RegisteredOffice2022-12-012023-11-30SC101024ns10:Original2022-11-30SC101024ns10:Originalns5:CurrentFinancialInstruments2023-11-30SC101024ns10:Originalns5:CurrentFinancialInstruments2022-11-30SC101024ns10:Originalns5:Non-currentFinancialInstruments2023-11-30SC101024ns10:Originalns5:Non-currentFinancialInstruments2022-11-30SC101024ns5:ShareCapitalns10:Original2023-11-30SC101024ns5:ShareCapitalns10:Original2022-11-30SC101024ns10:Originalns5:CapitalRedemptionReserve2023-11-30SC101024ns10:Originalns5:CapitalRedemptionReserve2022-11-30SC101024ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-11-30SC101024ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-11-30SC101024ns10:Originalns5:PlantMachinery2022-12-012023-11-30SC101024ns10:Originalns5:MotorVehicles2022-12-012023-11-30SC101024ns10:Original2021-12-012022-11-30SC101024ns10:Originalns5:PlantMachinery2022-11-30SC101024ns10:Originalns5:MotorVehicles2022-11-30SC101024ns10:Original2022-11-30SC101024ns10:Originalns5:PlantMachinery2023-11-30SC101024ns10:Originalns5:MotorVehicles2023-11-30SC101024ns10:Originalns5:PlantMachinery2022-11-30SC101024ns10:Originalns5:MotorVehicles2022-11-30SC101024ns10:Originalns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-11-30SC101024ns10:Originalns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-12-012023-11-30SC101024ns10:Originalns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-11-30SC101024ns10:Originalns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-11-30SC101024ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-11-30SC101024ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-11-30SC101024ns10:Originalns10:OrdinaryShareClass12023-11-30SC101024ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-11-30SC101024ns10:Originalns5:CapitalRedemptionReserve2022-11-30SC101024ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-12-012023-11-30

REGISTERED NUMBER: SC101024 (Scotland)
















Unaudited Financial Statements for the Year Ended 30 November 2023

for


Blantyre Castings Limited


Blantyre Castings Limited (Registered number: SC101024)







Contents of the Financial Statements

for the Year Ended 30 November 2023





Page



Company Information  

1



Statement of Financial Position  

2



Notes to the Financial Statements  

4




Blantyre Castings Limited


Company Information

for the Year Ended 30 November 2023









DIRECTORS:

I Campbell


E Standerwick







REGISTERED OFFICE:

Block 9A, Unit B


Blantyre Industrial Estate


South Avenue


Blantyre


G72 0XB







REGISTERED NUMBER:

SC101024 (Scotland)







ACCOUNTANTS:

AMAS Murrison Limited


Chartered Accountants


10 Newton Terrace


Charing Cross


Glasgow


G3 7PJ


Blantyre Castings Limited (Registered number: SC101024)


Statement of Financial Position

30 November 2023



30.11.23

30.11.22



Notes

£   

£   

£   

£   


FIXED ASSETS

Tangible assets

4

19,321


26,639




CURRENT ASSETS

Stocks

45,000


70,000



Debtors

5

321,572


362,990



Cash at bank

116,265


84,514



482,837


517,504



CREDITORS

Amounts falling due within one year

6

233,683


294,389



NET CURRENT ASSETS

249,154


223,115



TOTAL ASSETS LESS CURRENT

LIABILITIES

268,475


249,754




CREDITORS

Amounts falling due after more than one

year

7

(800

)

(11,427

)



PROVISIONS FOR LIABILITIES

(3,671

)

(5,062

)


NET ASSETS

264,004


233,265




CAPITAL AND RESERVES

Called up share capital

8

18,750


18,750



Capital redemption reserve

9

6,250


6,250



Retained earnings

9

239,004


208,265



SHAREHOLDERS' FUNDS

264,004


233,265




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


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

Blantyre Castings Limited (Registered number: SC101024)


Statement of Financial Position - continued

30 November 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 13 March 2024 and were signed on its behalf by:






I Campbell - Director



Blantyre Castings Limited (Registered number: SC101024)


Notes to the Financial Statements

for the Year Ended 30 November 2023


1.

STATUTORY INFORMATION



Blantyre Castings 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


The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.



In respect of long-term contract and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts for on-going services is recognised by reference to the stage of completion.



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

-  

33% on cost and 10% on cost


Motor vehicles

-

20% on cost



Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


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 statement of financial position date.


Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Blantyre Castings Limited (Registered number: SC101024)


Notes to the Financial Statements - continued

for the Year Ended 30 November 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.


Financial instruments


Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.


3.

EMPLOYEES AND DIRECTORS



The average number of employees during the year was 18 (2022 - 19 ) .


4.

TANGIBLE FIXED ASSETS


Plant and


Motor



machinery


vehicles


Totals

£   

£   

£   



COST


At 1 December 2022


and 30 November 2023

434,492


53,320


487,812




DEPRECIATION


At 1 December 2022

433,124


28,049


461,173




Charge for year

1,253


6,065


7,318




At 30 November 2023

434,377


34,114


468,491




NET BOOK VALUE


At 30 November 2023

115


19,206


19,321




At 30 November 2022

1,368


25,271


26,639




Blantyre Castings Limited (Registered number: SC101024)


Notes to the Financial Statements - continued

for the Year Ended 30 November 2023


4.

TANGIBLE FIXED ASSETS - continued



Fixed assets, included in the above, which are held under hire purchase contracts are as follows:


Motor


vehicles

£   



COST


At 1 December 2022


and 30 November 2023

53,320




DEPRECIATION


At 1 December 2022

28,049




Charge for year

6,065




At 30 November 2023

34,114




NET BOOK VALUE


At 30 November 2023

19,206




At 30 November 2022

25,271




5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR



30.11.23


30.11.22

£   

£   



Trade debtors

275,336


305,669




Other debtors

4,401


-




Directors' current accounts

-


1




Tax

32,091


36,446




Prepayments

9,744


20,874



321,572


362,990




6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR



30.11.23


30.11.22

£   

£   



Bank loans and overdrafts

152


248




Hire purchase contracts

10,230


14,046




Trade creditors

159,434


215,160




Amounts owed to group undertakings

140


1,691




Tax

(46

)

1,331




Social security and other taxes

13,938


11,663




Net wages

-


5,360




VAT

33,771


26,909




Accrued expenses

16,064


17,981



233,683


294,389




7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE

YEAR



30.11.23


30.11.22

£   

£   



Hire purchase contracts

800


11,427




Blantyre Castings Limited (Registered number: SC101024)


Notes to the Financial Statements - continued

for the Year Ended 30 November 2023


8.

CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:


Number:

Class:

Nominal

30.11.23


30.11.22


value:

£   

£   



18,750

Ordinary

£1

18,750


18,750




9.

RESERVES


Capital



Retained


redemption



earnings


reserve


Totals

£   

£   

£   




At 1 December 2022

208,265


6,250


214,515




Profit for the year

37,739


37,739




Dividends

(7,000

)

(7,000

)



At 30 November 2023

239,004


6,250


245,254