IRIS Accounts Production v23.4.0.336 SC121094 Board of Directors 1.8.22 31.7.23 31.7.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC1210942022-07-31SC1210942023-07-31SC1210942022-08-012023-07-31SC1210942021-07-31SC1210942021-08-012022-07-31SC1210942022-07-31SC121094ns15:Scotland2022-08-012023-07-31SC121094ns14:PoundSterling2022-08-012023-07-31SC121094ns10:Director12022-08-012023-07-31SC121094ns10:PrivateLimitedCompanyLtd2022-08-012023-07-31SC121094ns10:SmallEntities2022-08-012023-07-31SC121094ns10:AuditExempt-NoAccountantsReport2022-08-012023-07-31SC121094ns10:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-31SC121094ns10:SmallCompaniesRegimeForAccounts2022-08-012023-07-31SC121094ns10:FullAccounts2022-08-012023-07-31SC121094ns10:Director22022-08-012023-07-31SC121094ns10:RegisteredOffice2022-08-012023-07-31SC121094ns5:CurrentFinancialInstruments2023-07-31SC121094ns5:CurrentFinancialInstruments2022-07-31SC121094ns5:ShareCapital2023-07-31SC121094ns5:ShareCapital2022-07-31SC121094ns5:RetainedEarningsAccumulatedLosses2023-07-31SC121094ns5:RetainedEarningsAccumulatedLosses2022-07-31SC121094ns5:PlantMachinery2022-08-012023-07-31SC121094ns5:LandBuildings2022-07-31SC121094ns5:PlantMachinery2022-07-31SC121094ns5:LandBuildings2022-08-012023-07-31SC121094ns5:LandBuildings2023-07-31SC121094ns5:PlantMachinery2023-07-31SC121094ns5:LandBuildings2022-07-31SC121094ns5:PlantMachinery2022-07-31SC121094ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-07-31SC121094ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-07-31SC1210941ns10:Director12022-07-31SC1210941ns10:Director12021-07-31SC1210941ns10:Director12022-08-012023-07-31SC1210941ns10:Director12021-08-012022-07-31SC1210941ns10:Director12023-07-31SC1210941ns10:Director12022-07-31
REGISTERED NUMBER: SC121094 (Scotland)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Brick and Steel Construction Company
Limited

Brick and Steel Construction Company
Limited (Registered number: SC121094)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Brick and Steel Construction Company
Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: J McClory
Mrs F McClory





REGISTERED OFFICE: 2 - 6 Boswell Square
Hillington Industrial Estate
Glasgow
G52 4BQ





REGISTERED NUMBER: SC121094 (Scotland)





ACCOUNTANTS: Accountants Plus
Chartered Certified Accountants
Unit 1 Cadzow Park
82 Muir Street
Hamilton
ML3 6BJ

Brick and Steel Construction Company
Limited (Registered number: SC121094)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,118,625 1,196,530
Investments 5 57,405 57,405
1,176,030 1,253,935

CURRENT ASSETS
Debtors 6 1,033,972 299,397
Cash at bank 2,076,656 2,277,092
3,110,628 2,576,489
CREDITORS
Amounts falling due within one year 7 291,656 788,520
NET CURRENT ASSETS 2,818,972 1,787,969
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,995,002

3,041,904

PROVISIONS FOR LIABILITIES 55,342 66,003
NET ASSETS 3,939,660 2,975,901

CAPITAL AND RESERVES
Called up share capital 30,000 30,000
Retained earnings 3,909,660 2,945,901
3,939,660 2,975,901

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

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

Brick and Steel Construction Company
Limited (Registered number: SC121094)

Balance Sheet - continued
31 July 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 28 February 2024 and were signed on its behalf by:





J McClory - Director


Brick and Steel Construction Company
Limited (Registered number: SC121094)

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

1. STATUTORY INFORMATION

Brick and Steel Construction Company 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.
Plant and machinery etc - 25% on reducing balance

Financial instruments
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term creditors are measured at transaction price, less any impairment. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Cash and bank balances
Cash and bank balances are measured at the transaction price.

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.


Brick and Steel Construction Company
Limited (Registered number: SC121094)

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

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 29 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2022 816,346 773,353 1,589,699
Additions - 146,948 146,948
Disposals - (177,021 ) (177,021 )
At 31 July 2023 816,346 743,280 1,559,626
DEPRECIATION
At 1 August 2022 - 393,169 393,169
Charge for year - 100,759 100,759
Eliminated on disposal - (52,927 ) (52,927 )
At 31 July 2023 - 441,001 441,001
NET BOOK VALUE
At 31 July 2023 816,346 302,279 1,118,625
At 31 July 2022 816,346 380,184 1,196,530

Brick and Steel Construction Company
Limited (Registered number: SC121094)

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

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
31.7.23 31.7.22
£    £   
Other investments 57,405 57,405

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 121,916 16,624
Amounts owed by participating interests - 1,224
Other debtors 356,000 21,430
Directors' current accounts 204,397 201,100
Tax 351,659 59,019
1,033,972 299,397

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors 181,323 556,150
Amounts owed to participating interests - 81,523
Tax - 90,146
Social security and other taxes 24,214 26,194
VAT 49,480 18,014
Wages and salaries creditor 1,514 -
Accrued expenses 35,125 16,493
291,656 788,520

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2023 and 31 July 2022:

31.7.23 31.7.22
£    £   
J McClory
Balance outstanding at start of year (201,100 ) (205,292 )
Amounts advanced (3,297 ) 4,192
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (204,397 ) (201,100 )

Loan to director interest free with no particular terms of repayment.