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REGISTERED NUMBER: SC547774 (Scotland)















Financial Statements for the Year Ended 31 October 2023

for

Cairn Building Solutions Ltd

Cairn Building Solutions Ltd (Registered number: SC547774)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cairn Building Solutions Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTORS: D Kerr
L G Cunningham
H J Mills



REGISTERED OFFICE: Suite G.12 Red Tree Magenta
270 Glasgow Road
Glasgow
G73 1UZ



REGISTERED NUMBER: SC547774 (Scotland)



ACCOUNTANTS: David Nicholls FCCA
Brett Nicholls Associates
Herbert House
24 Herbert Street
Glasgow
G20 6NB



BANKERS: Santander
268-270 Byres Road
Glasgow
G12 8SH

Cairn Building Solutions Ltd (Registered number: SC547774)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,113 10,949

CURRENT ASSETS
Stocks 5 540,530 515,610
Debtors 6 376,055 310,881
Cash at bank 18,721 55,937
935,306 882,428
CREDITORS
Amounts falling due within one year 7 896,387 658,963
NET CURRENT ASSETS 38,919 223,465
TOTAL ASSETS LESS CURRENT
LIABILITIES

43,032

234,414

CREDITORS
Amounts falling due after more than one
year

8

(42,777

)

(133,412

)

PROVISIONS FOR LIABILITIES 9 - (605 )
NET ASSETS 255 100,397

CAPITAL AND RESERVES
Called up share capital 150 100
Retained earnings 10 105 100,297
SHAREHOLDERS' FUNDS 255 100,397

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

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

Cairn Building Solutions Ltd (Registered number: SC547774)

Balance Sheet - continued
31 October 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 30 July 2024 and were signed on its behalf by:





D Kerr - Director


Cairn Building Solutions Ltd (Registered number: SC547774)

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

1. STATUTORY INFORMATION

Cairn Building Solutions 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.

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.

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.

Depreciation is provided on the following basis.

- Motor Vehicles - 25% straight-line method
- Fixtures & Fittings - 25% straight-line method
- Plant & Machinery - 25% straight-line method

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


Cairn Building Solutions Ltd (Registered number: SC547774)

Notes to the Financial Statements - continued
for the Year Ended 31 October 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.

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 17 (2022 - 16 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 November 2022
and 31 October 2023 9,107 4,931 27,632 41,670
DEPRECIATION
At 1 November 2022 4,554 4,039 22,128 30,721
Charge for year 2,276 892 3,668 6,836
At 31 October 2023 6,830 4,931 25,796 37,557
NET BOOK VALUE
At 31 October 2023 2,277 - 1,836 4,113
At 31 October 2022 4,553 892 5,504 10,949

5. STOCKS
2023 2022
£    £   
Work-in-progress 540,530 515,610

Cairn Building Solutions Ltd (Registered number: SC547774)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 336,055 250,881
Other debtors 40,000 60,000
376,055 310,881

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other loans 93,333 93,333
Trade creditors 490,444 402,808
VAT 247,285 101,108
Other creditors 58,882 31,352
Directors' current accounts 4,248 28,167
Accrued expenses 2,195 2,195
896,387 658,963

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other loans - 1-2 years 22,777 93,333
Other loans - 2-5 years 20,000 40,079
42,777 133,412

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax - 605

Deferred
tax
£   
Balance at 1 November 2022 605
Provided during year (1,130 )
Unused amounts reversed during year 525
Balance at 31 October 2023 -

The deferred taxation balance represents accelerated capital allowances.

Cairn Building Solutions Ltd (Registered number: SC547774)

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

10. RESERVES
Retained
earnings
£   

At 1 November 2022 100,297
Profit for the year 8,565
Dividends (124,600 )
No description 15,843
At 31 October 2023 105

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following transactions with directors subsisted during the years ended 31 October 2023 and 31 October 2022:

2023 2022
£    £   
D Kerr
Balance outstanding at start of year (100 ) 43,275
Amounts advanced (67,800 ) 41,625
Amounts repaid 66,520 (85,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,380 ) (100 )

L G Cunningham
Balance outstanding at start of year (28,067 ) (12,567 )
Amounts advanced (45,800 ) -
Amounts repaid 71,000 (15,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (2,867 ) (28,067 )