Registered number
SC483561
Mascot Civils Ltd
Filleted Accounts
7 April 2023
Mascot Civils Ltd
Registered number: SC483561
Balance Sheet
as at 7 April 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 121,940 121,940
Current assets
Debtors 3 505,396 234,567
Cash at bank and in hand 52,206 46,653
682,602 281,220
Creditors: amounts falling due within one year 4 (504,650) (178,556)
Net current assets 177,952 102,664
Total assets less current liabilities 299,892 224,604
Creditors: amounts falling due after more than one year 5 (122,978) (145,468)
Net assets 176,914 79,136
Capital and reserves
Called up share capital 1 1
Profit and loss account 176,913 79,135
Shareholders' funds 176,914 79,136
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S McCreadie
Director
Approved by the board on 1 April 2024
Mascot Civils Ltd
Notes to the Accounts
for the period from 5 April 2022 to 7 April 2023
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 5 1
3 Debtors 2023 2022
£ £
Trade debtors 440,278 205,167
Other debtors 65,118 29,400
505,396 234,567
4 Creditors: amounts falling due within one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 18,828 20,988
Trade creditors 384,685 80,349
Taxation and social security costs 92,550 68,805
Other creditors 8,587 8,414
504,650 178,556
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 66,269 73,759
Obligations under finance lease and hire purchase contracts 56,709 71,709
122,978 145,468
Mascot Civils Ltd SC483561 false 2022-04-05 2023-04-07 2023-04-07 VT Final Accounts October 2023 release 2 S McCreadie No description of principal activity SC483561 2021-04-05 2022-04-04 SC483561 core:WithinOneYear 2022-04-04 SC483561 core:AfterOneYear 2022-04-04 SC483561 core:ShareCapital 2022-04-04 SC483561 core:RetainedEarningsAccumulatedLosses 2022-04-04 SC483561 2022-04-05 2023-04-07 SC483561 bus:PrivateLimitedCompanyLtd 2022-04-05 2023-04-07 SC483561 bus:AuditExemptWithAccountantsReport 2022-04-05 2023-04-07 SC483561 bus:Director40 2022-04-05 2023-04-07 SC483561 1 2022-04-05 2023-04-07 SC483561 2 2022-04-05 2023-04-07 SC483561 bus:FRS102 2022-04-05 2023-04-07 SC483561 bus:FullAccounts 2022-04-05 2023-04-07 SC483561 2023-04-07 SC483561 core:WithinOneYear 2023-04-07 SC483561 core:AfterOneYear 2023-04-07 SC483561 core:ShareCapital 2023-04-07 SC483561 core:RetainedEarningsAccumulatedLosses 2023-04-07 SC483561 2022-04-04 iso4217:GBP xbrli:pure