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REGISTERED NUMBER: SC201486 (Scotland)


















Financial Statements for the Year Ended 31 May 2023

for

C.F. STRUCTURES LIMITED

C.F. STRUCTURES LIMITED (REGISTERED NUMBER: SC201486)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

C.F. STRUCTURES LIMITED

Company Information
for the Year Ended 31 May 2023







DIRECTORS: D M McLaughlin
D A McLaughlin





SECRETARY: Mrs S B McLaughlin





REGISTERED OFFICE: 13 Hope Street
Lanark
Lanarkshire
ML11 7NL





REGISTERED NUMBER: SC201486 (Scotland)





ACCOUNTANTS: G O Thomson & Co
Chartered Accountants
13 Hope Street
Lanark
ML11 7NL

C.F. STRUCTURES LIMITED (REGISTERED NUMBER: SC201486)

Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 276,386 141,958

CURRENT ASSETS
Debtors 5 80,019 67,514
Cash at bank 51,852 193,354
131,871 260,868
CREDITORS
Amounts falling due within one year 6 92,489 146,206
NET CURRENT ASSETS 39,382 114,662
TOTAL ASSETS LESS CURRENT
LIABILITIES

315,768

256,620

CREDITORS
Amounts falling due after more than one
year

7

(19,048

)

(39,125

)

PROVISIONS FOR LIABILITIES (52,518 ) (26,972 )
NET ASSETS 244,202 190,523

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 244,200 190,521
SHAREHOLDERS' FUNDS 244,202 190,523

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

C.F. STRUCTURES LIMITED (REGISTERED NUMBER: SC201486)

Balance Sheet - continued
31 May 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 22 February 2024 and were signed on its behalf by:





D M McLaughlin - Director


C.F. STRUCTURES LIMITED (REGISTERED NUMBER: SC201486)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

C.F. Structures 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
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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on cost

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.

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.

3. EMPLOYEES AND DIRECTORS

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

C.F. STRUCTURES LIMITED (REGISTERED NUMBER: SC201486)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2022 317,100 215,121 2,476 534,697
Additions 214,267 - - 214,267
Disposals (62,500 ) (37,670 ) - (100,170 )
At 31 May 2023 468,867 177,451 2,476 648,794
DEPRECIATION
At 1 June 2022 259,276 131,278 2,185 392,739
Charge for year 37,809 20,648 97 58,554
Eliminated on disposal (42,464 ) (36,421 ) - (78,885 )
At 31 May 2023 254,621 115,505 2,282 372,408
NET BOOK VALUE
At 31 May 2023 214,246 61,946 194 276,386
At 31 May 2022 57,824 83,843 291 141,958

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 June 2022
and 31 May 2023 130,000
DEPRECIATION
At 1 June 2022 105,090
Charge for year 3,737
At 31 May 2023 108,827
NET BOOK VALUE
At 31 May 2023 21,173
At 31 May 2022 24,910

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 64,824 54,753
VAT 15,195 12,761
80,019 67,514

C.F. STRUCTURES LIMITED (REGISTERED NUMBER: SC201486)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 8,400 8,400
Hire purchase contracts 11,250 15,000
Trade creditors 24,928 6,940
Tax - 4,391
Other creditors 26,868 91,148
Directors' current accounts 16,006 15,043
Accrued expenses 5,037 5,284
92,489 146,206

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 19,048 27,875
Hire purchase contracts - 11,250
19,048 39,125

8. RELATED PARTY DISCLOSURES

During the year the company sold goods and services, in the normal course of business, to Construction Form (Scotland) Ltd at a value of £3,105 (2022 - £nil). Expenses were also recharged to the company by Construction Form (Scotland) Ltd at a value of £51,317 (2022 - £100,597). At the 31st May 2023 the company owed Construction Form (Scotland) Ltd £26,868 (2022 - £90,134).

The companies are related through common control of a director.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
C.F. Structures Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of C.F. Structures Limited for the year ended 31 May 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of C.F. Structures Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of C.F. Structures Limited and state those matters that we have agreed to state to the Board of Directors of C.F. Structures Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that C.F. Structures Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of C.F. Structures Limited. You consider that C.F. Structures Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of C.F. Structures Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






G O Thomson & Co
Chartered Accountants
13 Hope Street
Lanark
ML11 7NL


22 February 2024