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REGISTERED NUMBER: SC148556 (Scotland)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

FOR

C.A.R. CONSTRUCTION LIMITED

C.A.R. CONSTRUCTION LIMITED (REGISTERED NUMBER: SC148556)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 6

C.A.R. CONSTRUCTION LIMITED

COMPANY INFORMATION
for the Year Ended 31 January 2023







DIRECTORS: Mr A Robertson
Mrs C Robertson





SECRETARY: Mrs C Robertson





REGISTERED OFFICE: 1 Rubislaw Park Crescent
Aberdeen
AB15 8BT





REGISTERED NUMBER: SC148556 (Scotland)





ACCOUNTANTS: Acumen Accountants and Advisors Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeenshire
AB12 4XX

C.A.R. CONSTRUCTION LIMITED (REGISTERED NUMBER: SC148556)

STATEMENT OF FINANCIAL POSITION
31 January 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 484 662
Investment property 5 323,660 323,660
324,144 324,322

CURRENT ASSETS
Debtors: amounts falling due within one year 6 20 -
Cash at bank 16 1,554
36 1,554
CREDITORS
Amounts falling due within one year 7 122,820 139,193
NET CURRENT LIABILITIES (122,784 ) (137,639 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

201,360

186,683

PROVISIONS FOR LIABILITIES 8 7,261 5,552
NET ASSETS 194,099 181,131

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 9 87,624 89,337
Retained earnings 106,473 91,792
194,099 181,131

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

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

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 29 July 2024 and were signed on its behalf by:





Mrs C Robertson - Director


C.A.R. CONSTRUCTION LIMITED (REGISTERED NUMBER: SC148556)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

C.A.R. Construction 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

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 - 25% reducing balance
Fixtures and fittings - 25% reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 33% reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 statement of financial position 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/period end and that are expected to apply to the reversal of the timing differences.

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.

3. EMPLOYEES AND DIRECTORS

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

C.A.R. CONSTRUCTION LIMITED (REGISTERED NUMBER: SC148556)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2022 8,569 3,146 2,245 1,255 15,215
Disposals (8,569 ) (1,024 ) - (379 ) (9,972 )
At 31 January 2023 - 2,122 2,245 876 5,243
DEPRECIATION
At 1 February 2022 8,568 3,022 1,767 1,196 14,553
Charge for year 1 37 119 21 178
Eliminated on disposal (8,569 ) (1,024 ) - (379 ) (9,972 )
At 31 January 2023 - 2,035 1,886 838 4,759
NET BOOK VALUE
At 31 January 2023 - 87 359 38 484
At 31 January 2022 1 124 478 59 662

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2022
and 31 January 2023 323,660
NET BOOK VALUE
At 31 January 2023 323,660
At 31 January 2022 323,660

Fair value at 31 January 2023 is represented by:
£   
Valuation in 2013 316,105
Valuation in 2014 115,000
Valuation in 2016 (109,000 )
Valuation in 2017 (96,000 )
Valuation in 2019 (71,500 )
Valuation in 2020 (30,680 )
Valuation in 2021 (4,800 )
Valuation in 2022 (24,361 )
Cost 228,896
323,660

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 228,896 228,896

Investment property was valued on open market valuation basis on 31 January 2022 by the directors .

C.A.R. CONSTRUCTION LIMITED (REGISTERED NUMBER: SC148556)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Prepayments 20 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 2,430 -
Deposits held 450 450
Trade creditors - 168
Tax 4,718 2,671
Other creditors 3,000 3,000
Directors' current accounts 112,222 132,904
122,820 139,193

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 7,261 5,552

Deferred
tax
£   
Balance at 1 February 2022 5,552
Movement 1,709
Balance at 31 January 2023 7,261

9. RESERVES
Fair
value
reserve
£   
At 1 February 2022 89,337
Fair value reserve (1,713 )

At 31 January 2023 87,624

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2023 and 31 January 2022:

2023 2022
£    £   
Mrs C Robertson and Mr A Robertson
Balance outstanding at start of year (132,904 ) (141,934 )
Amounts advanced 27,743 23,353
Amounts repaid (7,061 ) (14,323 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (112,222 ) (132,904 )

The loan is interest free and has no fixed repayment terms.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
C.A.R. CONSTRUCTION LIMITED (REGISTERED NUMBER: SC148556)

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 Statement of Financial Position. 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.A.R. Construction Limited for the year ended 31 January 2023 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity 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 the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of C.A.R. Construction 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.A.R. Construction Limited and state those matters that we have agreed to state to the Board of Directors of C.A.R. Construction Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. 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.A.R. Construction 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.A.R. Construction Limited. You consider that C.A.R. Construction 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.A.R. Construction 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.






Acumen Accountants and Advisors Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeenshire
AB12 4XX


29 July 2024