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REGISTERED NUMBER: SC190655 (Scotland)












Financial Statements

for the Year Ended 31 October 2023

for

A.S.G. Tunnelling & Civil Engineering
Limited

A.S.G. Tunnelling & Civil Engineering
Limited (Registered number: SC190655)






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


A.S.G. Tunnelling & Civil Engineering
Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: J Doherty
Mrs A Doherty





SECRETARY: Mrs A Doherty





REGISTERED OFFICE: Radleigh House
1 Golf Road
Clarkston
Glasgow
G76 7HU





REGISTERED NUMBER: SC190655 (Scotland)





ACCOUNTANTS: O'Haras Chartered Accountants
Radleigh House
1 Golf Road
Clarkston
Glasgow
G76 7HU

A.S.G. Tunnelling & Civil Engineering
Limited (Registered number: SC190655)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 28,505 83,264

CURRENT ASSETS
Debtors 5 1,018,357 673,417
Cash at bank 385,507 1,122,542
1,403,864 1,795,959
CREDITORS
Amounts falling due within one year 6 5,577 68,860
NET CURRENT ASSETS 1,398,287 1,727,099
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,426,792

1,810,363

CREDITORS
Amounts falling due after more than one
year

7

-

(12,500

)

PROVISIONS FOR LIABILITIES - (4,331 )
NET ASSETS 1,426,792 1,793,532

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,426,790 1,793,530
SHAREHOLDERS' FUNDS 1,426,792 1,793,532

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.

A.S.G. Tunnelling & Civil Engineering
Limited (Registered number: SC190655)

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 31 July 2024 and were signed on its behalf by:





J Doherty - Director


A.S.G. Tunnelling & Civil Engineering
Limited (Registered number: SC190655)

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

1. STATUTORY INFORMATION

A.S.G. Tunnelling & Civil Engineering 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.

Going concern
The directors are satisfied that the Company will have access to sufficient funds to ensure that all liabilities will be met as they fall due over a period of at least 12 months from the approval date of these financial statements. Consequently, the directors consider it appropriate to prepare the financial statements on a going concern basis.

Revenue
Turnover represents the amounts derived from the provision of goods and services, excluding value added tax and trade discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.

A.S.G. Tunnelling & Civil Engineering
Limited (Registered number: SC190655)

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

2. ACCOUNTING POLICIES - continued

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 the transaction price. 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.

3. EMPLOYEES AND DIRECTORS

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

4. PROPERTY, PLANT AND EQUIPMENT
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2022 97,194 53,500 11,796 162,490
Disposals - (53,500 ) - (53,500 )
At 31 October 2023 97,194 - 11,796 108,990
DEPRECIATION
At 1 November 2022 64,329 4,458 10,439 79,226
Charge for year 4,929 12,261 788 17,978
Eliminated on disposal - (16,719 ) - (16,719 )
At 31 October 2023 69,258 - 11,227 80,485
NET BOOK VALUE
At 31 October 2023 27,936 - 569 28,505
At 31 October 2022 32,865 49,042 1,357 83,264

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts recoverable on contract - 60,966
Other debtors 1,018,357 612,451
1,018,357 673,417

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 10,000
Trade creditors 1 44,682
Taxation and social security - 3,872
Other creditors 5,576 10,306
5,577 68,860

A.S.G. Tunnelling & Civil Engineering
Limited (Registered number: SC190655)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors - 12,500