CRIEFF CONSTRUCTION LIMITED

Company Registration Number:
SC612222 (Scotland)

Unaudited statutory accounts for the year ended 31 October 2023

Period of accounts

Start date: 1 November 2022

End date: 31 October 2023

CRIEFF CONSTRUCTION LIMITED

Contents of the Financial Statements

for the Period Ended 31 October 2023

Balance sheet
Additional notes
Balance sheet notes

CRIEFF CONSTRUCTION LIMITED

Balance sheet

As at 31 October 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 59,200 63,531
Total fixed assets: 59,200 63,531
Current assets
Stocks: 4 120,000
Debtors: 5 273,074 195,351
Cash at bank and in hand: 116,812 24,660
Total current assets: 389,886 340,011
Creditors: amounts falling due within one year: 6 ( 402,297 ) ( 349,435 )
Net current assets (liabilities): (12,411) (9,424)
Total assets less current liabilities: 46,789 54,107
Creditors: amounts falling due after more than one year: 7 ( 18,577 ) ( 36,391 )
Total net assets (liabilities): 28,212 17,716
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 28,112 17,616
Total Shareholders' funds: 28,212 17,716

The notes form part of these financial statements

CRIEFF CONSTRUCTION LIMITED

Balance sheet statements

For the year ending 31 October 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 26 July 2024
and signed on behalf of the board by:

Name: Mr John Burke
Status: Director

The notes form part of these financial statements

CRIEFF CONSTRUCTION LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

    Tangible fixed assets depreciation policy

    Depreciation is charged so as to write off the cost of assets, other than land and properties under construction, over their estimated useful lives, as follows:Plant and machinery - 20% reducing balanceMotor vehicles - 20% reducing balance

    Valuation information and policy

    Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method. The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

CRIEFF CONSTRUCTION LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 5 5

CRIEFF CONSTRUCTION LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 November 2022 104,198 46,650 150,848
Additions 10,469 10,469
Disposals
Revaluations
Transfers
At 31 October 2023 114,667 46,650 161,317
Depreciation
At 1 November 2022 60,809 26,508 87,317
Charge for year 10,772 4,028 14,800
On disposals
Other adjustments
At 31 October 2023 71,581 30,536 102,117
Net book value
At 31 October 2023 43,086 16,114 59,200
At 31 October 2022 43,389 20,142 63,531

CRIEFF CONSTRUCTION LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

4. Stocks

2023 2022
£ £
Stocks 120,000
Total   120,000

CRIEFF CONSTRUCTION LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

5. Debtors

2023 2022
£ £
Trade debtors 15,800 193,860
Other debtors 257,274 1,491
Total 273,074 195,351

CRIEFF CONSTRUCTION LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

6. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 9,239 8,282
Amounts due under finance leases and hire purchase contracts 7,619 12,462
Trade creditors 43,370 38,687
Taxation and social security 89,522 32,703
Accruals and deferred income 5,670 4,000
Other creditors 246,877 253,301
Total 402,297 349,435

CRIEFF CONSTRUCTION LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

7. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Bank loans and overdrafts 18,577 28,772
Amounts due under finance leases and hire purchase contracts 7,619
Total 18,577 36,391