Caseware UK (AP4) 2022.0.179 2022.0.179 2023-10-312023-10-31truefalse2022-05-01No description of principal activity44falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC103784 2022-05-01 2023-10-31 SC103784 2021-05-01 2022-04-30 SC103784 2023-10-31 SC103784 2022-04-30 SC103784 c:CompanySecretary1 2022-05-01 2023-10-31 SC103784 c:Director1 2022-05-01 2023-10-31 SC103784 c:RegisteredOffice 2022-05-01 2023-10-31 SC103784 d:Buildings 2022-05-01 2023-10-31 SC103784 d:Buildings 2023-10-31 SC103784 d:Buildings 2022-04-30 SC103784 d:Buildings d:OwnedOrFreeholdAssets 2022-05-01 2023-10-31 SC103784 d:PlantMachinery 2022-05-01 2023-10-31 SC103784 d:PlantMachinery 2023-10-31 SC103784 d:PlantMachinery 2022-04-30 SC103784 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-05-01 2023-10-31 SC103784 d:MotorVehicles 2022-05-01 2023-10-31 SC103784 d:MotorVehicles 2023-10-31 SC103784 d:MotorVehicles 2022-04-30 SC103784 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-05-01 2023-10-31 SC103784 d:OfficeEquipment 2022-05-01 2023-10-31 SC103784 d:OfficeEquipment 2023-10-31 SC103784 d:OfficeEquipment 2022-04-30 SC103784 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-05-01 2023-10-31 SC103784 d:OwnedOrFreeholdAssets 2022-05-01 2023-10-31 SC103784 d:CurrentFinancialInstruments 2023-10-31 SC103784 d:CurrentFinancialInstruments 2022-04-30 SC103784 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 SC103784 d:CurrentFinancialInstruments d:WithinOneYear 2022-04-30 SC103784 d:ShareCapital 2023-10-31 SC103784 d:ShareCapital 2022-04-30 SC103784 d:RetainedEarningsAccumulatedLosses 2023-10-31 SC103784 d:RetainedEarningsAccumulatedLosses 2022-04-30 SC103784 c:OrdinaryShareClass1 2022-05-01 2023-10-31 SC103784 c:OrdinaryShareClass1 2023-10-31 SC103784 c:OrdinaryShareClass1 2022-04-30 SC103784 c:FRS102 2022-05-01 2023-10-31 SC103784 c:AuditExempt-NoAccountantsReport 2022-05-01 2023-10-31 SC103784 c:FullAccounts 2022-05-01 2023-10-31 SC103784 c:PrivateLimitedCompanyLtd 2022-05-01 2023-10-31 SC103784 e:PoundSterling 2022-05-01 2023-10-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC103784










GRAHAM & LEE (BUILDERS) LIMITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

 
GRAHAM & LEE (BUILDERS) LIMITED
 

COMPANY INFORMATION


Director
Mr J Lee 




Company secretary
Mrs C Lee



Registered number
SC103784



Registered office
22 Millbank

Cupar

Fife

KY15 5DP




Accountants
EQ Accountants Limited
Chartered Accountants

Pentland House

Saltire Centre

Glenrothes

Fife

KY6 2AH





 
GRAHAM & LEE (BUILDERS) LIMITED
REGISTERED NUMBER:SC103784

STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2023

31 October
30 April
2023
2022
£
£

Fixed assets
  

Tangible assets
 4 
-
9,461

  
-
9,461

Current assets
  

Debtors: amounts falling due within one year
 5 
35,050
3,634

Cash at bank and in hand
  
3,645
62,056

  
38,695
65,690

Creditors: amounts falling due within one year
 6 
(36,720)
(11,608)

Net current assets
  
 
 
1,975
 
 
54,082

Total assets less current liabilities
  
1,975
63,543

  

Net assets
  
1,975
63,543


Capital and reserves
  

Called up share capital 
 7 
14,000
14,000

Profit and loss account
  
(12,025)
49,543

  
1,975
63,543


Page 1

 
GRAHAM & LEE (BUILDERS) LIMITED
REGISTERED NUMBER:SC103784

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 OCTOBER 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 27 March 2024.




................................................
Mr J Lee
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
GRAHAM & LEE (BUILDERS) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023


1.


General information

The Company is limited by shares and incorporated in Scotland, Registration number SC103784. The address of the registered office is 22 Millbank, Cupar, KY15 5DP.
The financial statements are presented in Sterling which is the functional currency of the Company and rounded to the nearest £.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
GRAHAM & LEE (BUILDERS) LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.3

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.4

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
Page 4

 
GRAHAM & LEE (BUILDERS) LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows.

Depreciation is provided on the following basis:

Heritable property
-
0% - 4% straight line
Plant and machinery
-
10% - 20% straight line
Motor vehicles
-
25% straight line & reducing balance
Office equipment
-
20% straight line & reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Employees

The average monthly number of employees, including directors, during the period was 4 (2022 - 4).

Page 5

 
GRAHAM & LEE (BUILDERS) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023


4.


Tangible fixed assets







Heritable property
Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£
£





At 1 May 2022
10,774
22,656
14,994
1,832
50,256


Disposals
(10,774)
(22,656)
(14,994)
(1,832)
(50,256)



At 31 October 2023

-
-
-
-
-





At 1 May 2022
4,702
22,378
12,571
1,144
40,795


Charge for the period on owned assets
-
270
909
402
1,581


Disposals
(4,702)
(22,648)
(13,480)
(1,546)
(42,376)



At 31 October 2023

-
-
-
-
-



Net book value



At 31 October 2023
-
-
-
-
-



At 30 April 2022
6,072
278
2,423
688
9,461

Page 6

 
GRAHAM & LEE (BUILDERS) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023


5.


Debtors

31 October
30 April
2023
2022
£
£


Other debtors
35,050
-

Prepayments and accrued income
-
686

Amounts recoverable on long term contracts
-
2,000

Deferred taxation
-
948

35,050
3,634



6.


Creditors: Amounts falling due within one year

31 October
30 April
2023
2022
£
£

Trade creditors
4,168
3,577

Other taxation and social security
-
4,605

Other creditors
4,422
832

Accruals and deferred income
28,130
2,594

36,720
11,608



7.


Share capital

31 October
30 April
2023
2022
£
£
Allotted, called up and fully paid



14,000 (2022 - 14,000) Ordinary shares of £1.00 each
14,000
14,000



Page 7