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REGISTERED NUMBER: SC166227 (Scotland)


















Financial Statements for the Year Ended 30 June 2023

for

CONSTRUCTION FORM (SCOTLAND) LTD.

CONSTRUCTION FORM (SCOTLAND) LTD. (REGISTERED NUMBER: SC166227)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

CONSTRUCTION FORM (SCOTLAND) LTD.

Company Information
for the Year Ended 30 June 2023







DIRECTORS: D M McLaughlin
Mrs S B McLaughlin





SECRETARY: Mrs S B McLaughlin





REGISTERED OFFICE: 13 Hope Street
Lanark
Lanarkshire
ML11 7NL





REGISTERED NUMBER: SC166227 (Scotland)





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

CONSTRUCTION FORM (SCOTLAND) LTD. (REGISTERED NUMBER: SC166227)

Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,283 6,962

CURRENT ASSETS
Stocks 70,429 30,742
Debtors 5 52,069 131,130
Cash at bank and in hand 118,216 81,035
240,714 242,907
CREDITORS
Amounts falling due within one year 6 83,253 76,755
NET CURRENT ASSETS 157,461 166,152
TOTAL ASSETS LESS CURRENT
LIABILITIES

173,744

173,114

CREDITORS
Amounts falling due after more than one
year

7

(19,417

)

(29,167

)

PROVISIONS FOR LIABILITIES (3,094 ) (1,323 )
NET ASSETS 151,233 142,624

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 150,233 141,624
SHAREHOLDERS' FUNDS 151,233 142,624

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

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

CONSTRUCTION FORM (SCOTLAND) LTD. (REGISTERED NUMBER: SC166227)

Balance Sheet - continued
30 June 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


CONSTRUCTION FORM (SCOTLAND) LTD. (REGISTERED NUMBER: SC166227)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Construction Form (Scotland) 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. 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.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stock and work in progress is 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 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
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.

CONSTRUCTION FORM (SCOTLAND) LTD. (REGISTERED NUMBER: SC166227)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 6 ).

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 July 2022 41,839 4,135 13,400 59,374
Additions - - 14,000 14,000
At 30 June 2023 41,839 4,135 27,400 73,374
DEPRECIATION
At 1 July 2022 36,464 3,890 12,058 52,412
Charge for year 806 37 3,836 4,679
At 30 June 2023 37,270 3,927 15,894 57,091
NET BOOK VALUE
At 30 June 2023 4,569 208 11,506 16,283
At 30 June 2022 5,375 245 1,342 6,962

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 22,624 34,927
Other debtors 26,868 91,148
VAT 2,577 5,055
52,069 131,130

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 69,385 62,663
Social security and other taxes (740 ) (1,303 )
Directors' current accounts 153 162
Accrued expenses 4,455 5,233
83,253 76,755

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 19,417 29,167

CONSTRUCTION FORM (SCOTLAND) LTD. (REGISTERED NUMBER: SC166227)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

8. RELATED PARTY DISCLOSURES

During the year the company bought goods and services, in the normal course of business, from C F Structures Limited at a value of £3,105 (2022-£nil). The company also recharged expenses to C F Structures Limited at a value of £51,317 (2022-£100,597). At 30th June 2023 the company was owed £26,868 by C F Structures Limited (2022 - £90,134).

The companies are related through common control of a director.

Construction Form (Scotland) Ltd paid rent of £9,000 (2022-£9,000) to director Denis McLaughlin.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D M McLaughlin.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Construction Form (Scotland) Ltd.

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 Construction Form (Scotland) Ltd. for the year ended 30 June 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 Construction Form (Scotland) Ltd., 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 Construction Form (Scotland) Ltd. and state those matters that we have agreed to state to the Board of Directors of Construction Form (Scotland) Ltd., 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 Construction Form (Scotland) Ltd. 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 Construction Form (Scotland) Ltd.. You consider that Construction Form (Scotland) Ltd. 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 Construction Form (Scotland) Ltd.. 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